EasyJet founder and major shareholder Stelios haji-Ioannou has threatened to sue the EasyJet’s executives if it went ahead with a £4.5bn plane order from Airbus.
Ioannou said he would start legal action if it spent ‘a penny’ on new planes. He singled out the CFO suggesting that the reason he wants to borrow £600m from the UK government to carry it through the coronavirus crisis is to pay Airbus.
He went on to say that the loan was as a misuse of taxpayers money and said that the Airbus order might result in the airline failing to repay the money to the UK government.
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