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Former Jet2 chair sells 5m shares in company

Former Jet2 chairman Philip Meeson has sold five million shares in the company.

The proportion sold represents about 2.3% of the issued ordinary share capital in the business.

The value of the share sale was not disclosed.

A company statement said: “Philip’s rationale for the transaction has been driven by personal financial considerations alone. 

“Philip believes that Jet2, as a market leader in the holiday business and with its firm order for 146 Airbus A321 aircraft is ideally positioned to fully take advantage of a market with huge potential. 

“He believes there is a great future for Jet2 and he expects to continue as a very substantial shareholder in Jet2 going forward.”

Meeson bought Jet2 as a cargo business in 1983 and transformed it into the UK’s largest tour operating and in-house airline group.

He announced his intention to step down as executive chairman in July 2023 with Robin Terrell succeeding him a year ago.

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