EasyJet founder Sir Stelios Haji-Ioannou is planning to expand his easyBus venture across Europe as part of a multi-million pound strategy, it has been reported.
The billionaire plans to push the airport-to-city centre bus brand into countries including France, Spain and Germany, said the Sunday Telegraph.
It is understood Sir Stelios plans to piggy-back on routes flown by low-cost carrier easyJet and could fund the expansion through a potential stock market listing on London’s junior AIM market.
Last week it was reported that mid-market investment bankers Liberum Capital and Peel Hunt were being considered as possible advisers for a flotation which would value easyBus at about £20 million.
If it were to list, it would be only the second time that Sir Stelios has opted for the public markets as a funding mechanism, the first being with easyJet, which he founded in 1995 and listed five years later.
EasyBus was established in 2003, with a service between London and Milton Keynes, using Hendon Central underground station in north London as its terminus point in the capital.
The company promotes itself as the “probably the cheapest and most convenient way of getting” to and from London, from Gatwick, Stansted and Luton airports. The company has transported more than 2.5 million customers since the service began.