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EasyJet to postpone delivery of 24 Airbus jets

EasyJet to postpone delivery of 24 Airbus jets
Stock market
Wajeeh Khan
Author
Wajeeh K.
Apr 09, 2020, 15:11 PM
  • EasyJet says it will defer delivery of 24 Airbus A320 jets in three years.
  • British low-cost airline's founder, Stelios Haji-Ioannou, disagrees with its expansion plans.
  • Haji-Ioannou seeks to oust two of the EasyJet's directors and cancel its order for 107 Airbus jets.

In its announcement on Thursday, the UK’s low-cost airline, EasyJet (LON:EZJ) said that it will postpone delivery of A320 jetliners. The British carrier also delayed its scheduled shareholder meeting following a disagreement with its founder, Stelios Haji-Ioannou, who said that the company is prioritizing expansion over profit growth.

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