EasyJet shareholders reject the founder's proposals to oust management. More here:
) founder Stelios Haji-Ioannou failed in his attempt to oust the airline’s top three bosses on Friday, giving it a brief respite in its battle for survival during the coronavirus pandemic.
A virtual shareholder meeting was called for the removal of the chairman, chief executive, finance director and one other director that turned into a proxy vote on the British budget airline’s overall strategy. “The airline industry is facing unprecedented challenges and the board’s immediate priority has been to take the necessary steps to successfully guide easyJet through this period of uncertainty,” Chairman John Barton.
Management says that the company’s financial position is strong enough to get through the crisis and the new planes are needed to replace ageing jets and will help it stay competitive when flying restarts.
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