easyJet boardroom resolves spat with Stelios
The long-running battle between the easyJet founder Stelios Haji-Ioannou and the boardroom over expansion plans is believed to have reached a compromise. At a shareholder’s meeting on Wednesday, the Luton-based carrier is expected to confirm that Sir Stelios is comfortable with its less-aggressive plans.
Europcar and easyJet extend partnership
Europcar and easyJet have renewed their strategic booking partnership to the end of 2011, in a deal that allows easyJet customers to reserve both their flight and their rental vehicle on the easyJet.com website.
easyJet launches Tel Aviv service
easyJet has announced plans for a new six times weekly service between London Luton and Tel Aviv, making it the first low-cost carrier to operate on the route.The new flights will commence operations on 02 November, with fares leading in at £72 one way - about half the current prices for flights between London and Israel.
easyJet bullish despite losses
easyJet has unveiled half-year losses hitting £129.8 million following a £90 million increase in fuel costs but despite the doubling in the deficit for its weaker trading period, the company claims it remains on course to make a profit in the full year.
easyJet starts legal proceedings against German screen scraper
easyJet is entering the screen scraping fray by initiating legal proceedings against German software provider, InteRes, whose customers include tour operators such as L’TUR, TUI and REWE Touristik, using the “Mercado” booking engine. easyJet claims InteRes has persisted in screen scraping, despite many warnings and in contravention of easyJet’s Acceptable Use Policy.
easyJet unveils new Luton routes
easyJet is starting three new routes from its Luton hub in July - Milan, Mahon and Montpellier, bring the number of services from Luton to 34.The Milan route will start on 6 July and operate six times weekly, the Mahon service will start the same day and run three-times weekly, whilst the Montpellier route will start on 7 July and run three-times weekly.
Changes at top for easyJet
BT chairman, Sir Michael Rake, is joining easyJet as deputy chairman amid an ongoing dispute between founder Sir Stelios Haji-Ioannou and the board over the low-cost carrier’s expansion strategy.The move follows the resignation of chairman Sir Colin Chandler at the weekend.
easyJet and HostelWorld.com enter tie-up
easyJet has announced a new partnership with budget accommodation site HostelWorld.com, to offer hostels, B&B and guesthouse accommodation to easyJet customers. The partnership will mean that easyJet customers have access to Hostelworld.com’s inventory of over 20,000 properties in 170 countries worldwide, including all easyJet destinations, through easyJet.com.
easyJet angered by EU slot proposal
In a letter to all 27 European Commissioners, easyJet has called on the EU to “avoid narrow-minded protectionism by a few legacy airlines appealing for state aid through the back door.”
easyJet boardroom bows to Stelios’s call for caution
easyJet‘s boardroom has bowed to pressure from founder and 41-percent shareholder Stelios Haji-Ioannou by cutting back on its expansion plans.At the AGM today, Chairman Colin Chandler indicated plans to add 30 aircraft to raise its fleet size to 197 by 2011, could be shelved against a backdrop of slackening demand.
easyJet launches 13 new routes
easyJet is opening an additional 13 new services across Europe for Summer 2009, bringing its total number of routes to 416. Four of the new routes will operate from Gatwick, including services to Munich, Zurich, Vienna and Bodrum, and one from Manchester to Bodrum.
Stelios warns of bleak times ahead for easyJet
easyJet faces a tough summer as the downturn bites, underlining the need for restricting the size of its fleet, Stelios Haji-Ioannou said at World Economic Forum in Davos.The budget airline founder and former chairman said he welcomed last week’s quarterly results but remained pessimistic on prospects for the year ahead, and reiterated his on-going differences with the boardroom over its plans to grow the fleet rather than focus on potential future dividends.