EasyJet founder's family sells small stake in airline

EasyJet founder's family sells small stake in airline
EasyJet founder's family sells small stake in airline Copyright Thomson Reuters 2021
Copyright Thomson Reuters 2021
By Reuters
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LONDON - The family of the founder of British airline easyJet sold a small stake in the company, a regulatory filing showed on Thursday, reducing the Haji-Ioannou family's holding to 25.3% from 26.7%.

Stelios Haji-Ioannou founded easyJet in 1995, and along with family members remains its biggest shareholder, although their holding has reduced from around 34% last year due to a share sale and after a placing by the airline.

During the pandemic, Haji-Ioannou criticised easyJet's strategy, calling on it to scrap a large order for new Airbus jets.

Shares in easyJet traded at 989 pence on Thursday morning. They remain well below their pre-pandemic level of around 1,500 pence, but they have risen 19% in the year to date on hopes for a recovery in air travel.

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