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Easyjet set for Footsie take-off

11 March 2007

Easyjet is poised to become only the second airline ever to enter the FTSE 100 ” a move that could eventually trigger a bumper payout for its senior management.

The low-cost airline was last week placed on the reserve list for the elite group of companies after the quarterly reshuffle of the membership list.

This means Easyjet is in contention to join the index should one of the current members drop out before the next quarterly review.

Elevation to the fringes of the FTSE 100 confirms a startling change in the stock market’s valuation of the company.

source: Times Online

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