EasyJet founder and majority shareholder Sir Stelios Haji-Ioannou may be ready to declare a truce with the carrier’s management.
Sir Stelios called earlier this month for an extraordinary shareholder meeting to vote on the removal of Rigas Doganis as an independent non-executive director.
In the latest move in a long-running dispute with the airline, Sir Stelios criticised Doganis for his role in sanctioning the order of 35 aircraft from Airbus two weeks before easyJet issued a profits warning.
However, Sir Stelios’s easyGroup withdrew the demand for an extraordinary meeting following easyJet’s announcement yesterday that it would pay £190 million to shareholders as the carrier upgraded its profits forecast for the year.
In a statement to the London Stock Exchange this morning, the airline said: “EasyJet has been informed by easyGroup that it has withdrawn its request to convene an extraordinary general meeting. The board of easyJet welcomes this withdrawal as it viewed an EGM as an unnecessary and costly distraction.
“EasyJet looks forward to engaging constructively with easyGroup as it does with other shareholders.”