Stelios easyJet Founder Says Airbus Order Is Airline’s Biggest Threat
easyJet founder and largest shareholder Stelios Haji-Ioannou has said that the United Kingdom low-cost airline needs to cancel orders for new Airbus aircraft. The Greek-Cypriot tycoon who founded the Luton Airport (LTN)-based airline in 1995 has said that the airline needs to plan for 250 aircraft and not the 344 it operates now.
Just last November before the deadly virus was discovered in Wuhan, China, easyJet placed an order with European planemaker Airbus for 12 A320neos, an order valued at $1.368 billion.
Should easyJet now look to cancel the order they would incur large financial penalties from its only aircraft supplier.