1495 days ago
The founder of EasyJet (EZJ) has written to the board demanding it scrap £4.5 billion of planned Airbus orders, asking if any executives took bribes from Airbus and demanding wholesale boardroom change. The letter is dynamite and I reproduce it in full below:
2984 days ago
Oh dear. Baby Bear called this one to 0p at Gold & Bears HERE since when shares in Fastjet (FJET) have soared but now the chickens are coming home to roost with Sir Stelios Haji-Ioannou warning that the company has misled investors and is facing a cash crunch.
Sir Stelios co-founded the aurline and with a 12.6% holding has called an EGM to oust CEO Ed Winter and his boardroom patsy, the airline's general counsel Krista Bates. Stelios says that the company has guided analysts to make forecasts about revenues and profits which are simple fantasies "a pipe-dream”.
