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easyJet founder Stelios set to launch new airline

28 September 2011

Aviation entrepreneur Sir Stelios Haji-Ioannou announced plans for Fastjet – a start-up rival for established operators such as Ryanair.

Relations between easyJet and Sir Stelios have been decidedly uneasy in the last 18 months.

Although the tycoon and his family still own 38 per cent of easyJet that he began from scratch in 1995 (with a £5million loan from his shipping-magnate father), discussions between the two parties have been icy since Haji-Ioannou resigned from the carrier’s board in May 2010 in a row over strategy.


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