DIRECT-SELL AIRLINE easyJet is preparing to seek a public listing next year, according to its ebullient high profile chairman, Stelios Hadji-Ioannu. Speaking at a European Aviation Club lunch in Brussels, Hadji-Ioannu said that the cash raised by the flotation will be used to fund the order placed two years ago for 42 Boeing 737-300s. easyJet had also dropped its predatory pricing complaint against British Airways’ cut-price subsidiary, Go, as he is now ‘more relaxed’ about BA’s move into the cut-price airline sector. [Stelios is nothing if not shrewd. Having milked the BA predatory pricing claim for all it was worth -’ and in terms of free ‘David vs Goliath’ publicity for his fledgling airline, it was worth a fortune -’ he now realises that that this could be a millstone round the neck of an application for a listing. The EC2 bookies are not all that fond either of controversy or hubris. Ask Richard Branson.]
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.