Sir Stelios Haji-Ioannou is taking easyJet, the airline that he founded, to the High Court to try to limit its ability to make money from activities that may clash with his other ventures. The surprising spat between the budget carrier and its founder stunned the City yesterday and threatens to limit the airline’s ability to raise revenues.
Sir Stelios founded easyJet in 1995, is still a board director and owns 16 per cent of the airline. He also owns the easyJet name through a company called easyGroup IP Licensing, which has brought the High Court action.
source: Times OnLine