EasyJet founder demands vote on sacking of director in £4.5bn plane order row

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>The founder of easyJet has demanded a vote on whether to sack one of the company’s directors&comma; in a row over a £4&period;5 billion aeroplane order&period;<&sol;p>&NewLine;<p>Stelios Haji-Ioannou’s holding company easyGroup on Wednesday requisitioned a meeting of the company’s shareholders to decide whether to remove Andreas Bierwirth from the easyJet board&period;<&sol;p>&NewLine;<p>It follows through on a threat from the businessman&comma; who is easyJet’s biggest shareholder&comma; to start sacking directors if the company did not take steps to cancel its order of 107 aircraft from Airbus&period;<&sol;p>&NewLine;<p>The Luton-based carrier grounded all of its planes earlier this week as demand for flights collapsed due to the coronavirus pandemic&period;<&sol;p>&NewLine;<p>Chief executive Johan Lundgren has indicated the airline would consider accepting Government bailout loans if needed&period;<&sol;p>&NewLine;<p>EasyJet’s board said it is &OpenCurlyDoubleQuote;considering the contents” of Sir Stelios’s requisition and will announce its decision in time&period;<&sol;p>&NewLine;<p>On Tuesday&comma; Mr Haji-Ioannou said the Airbus order&comma; which will see £4&period;5 billion paid to the European plane maker over the next three years&comma; is easyJet’s &OpenCurlyDoubleQuote;main risk to survival”&period;<&sol;p>&NewLine;<p>He said he is concerned easyJet did not consider the crisis to be a &OpenCurlyDoubleQuote;force majeure” – a legal term for unforeseen circumstances that allow a business to get out of a contract&period;<&sol;p>&NewLine;<p>Mr Haji-Ioannou said&colon; <em>&OpenCurlyDoubleQuote;In short&comma; I would rather spend shareholders’ scarce money paying lawyers to defend easyJet against a potential legal action by Airbus demanding payments for dubious penalties rather than buying overpriced planes that will sit on the ground or fly their passengers at a loss&period;”<&sol;em><&sol;p>&NewLine;<p>He has threatened to remove a non-executive every seven weeks unless his demands are met&period;<&sol;p>&NewLine;<p>Separately&comma; fellow budget airline Wizz Air has said the number of passengers it is carrying dropped by 36&percnt; in March&comma; as it cut capacity by 34&percnt;&period; It is operating flights between China and Hungary to deliver medical equipment&comma; the carrier said&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed0c8d66435">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ed0c8d66435'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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