Easyjet could close three out of its 11 bases in the UK as well as fire up to 30% of its workforce, the company reveals as it is starting negotiations with trade unions. ...

Easyjet founder Stelios Haji-Ioannou family’s shares in the company fell under 30%, the low cost carrier revealed on June 30, 2020. Earlier in 2020, Haji-Ioannou sought to oust the airline’s management in a heated conflict over an Airbus aircraft order.   ...

As the Coronavirus pandemic continues to impact the aviation industry, airlines are finding ways to minimize costs to survive. Some are retiring old aircraft, while some are laying-off their workforce...

The last big crisis in aviation during the financial crash of 2008, sent low-cost carriers to the top as they overtook their full-service carrier counterparts. However, could it be that new legislature in Europe could kill the business model in the continent?...

The British low-cost carrier easyJet announced it would cut a third of its workforce, or nearly 4,500 jobs, and shrink its fleet in order to alleviate the impact of the coronavirus COVID-19 pandemic. It plans to resume flights from June 15, 2020....

easyJet founder Stelios Haji-Ioannou is expected to seek the departure of four directors in the next shareholder meeting on May 22, 2020. The airline announced its intention to resume some flights starting from June 15, 2020....

Stelios Haji-Ioannou, founder of the British low-cost company easyJet and the main shareholder of the group, offers a reward of £5 million for any information that would lead to the cancellation of an Airbus order he judges cumbersome....

The low-cost British airline easyJet finally reached an agreement with Airbus to postpone the deliveries of 24 A320neo and A321neo that were expected between 2020 and 2022. The order for 107 aircraft, which its founder Stelios Haji-Ioannou wanted to see canceled, is still pending....

The founder of easyJet, Stelios Haji-loannou, puts pressure on the board of directors of the British low-cost company in order to cancel an order for 107 Airbus aircraft, worth an estimated €5 billion....

Citing the coronavirus pandemic, travel restrictions within Europe and falling demand, easyJet announced that it has grounded its entire fleet. The carrier was not able to provide guidance on when easyJet would resume commercial operations....