As you may know, or not. At the beginning of this whole coronavirus crisis, circa early March it was announced that EasyJet would be going ahead with the distribution of dividends to the tune of £174 Million to their shareholders, this was clearly met with uproar given everyone knew the dangers all airlines faced even before the lockdown was implemented. Stelios as you may come to be aware of is one of the majority shareholders and founder of EasyJet so these dividend payments would be mostly going to him, the sum being £60 million for his 34% share in the airline.
Anyway, to counter this outrage Stelios released a statement. He clearly has a lot to say and does allude to many scandals going on within the EasyJet management while also suggesting that some could be engaged in corruption.
The statement is to be seen below:
I’m sure you will agree that this is interesting and since then it has been announced that indeed EasyJet has received a £600 million loan from the Treasury and Bank of England’s emergency coronavirus fund ie a bailout. It’s interesting to see what will happen continuing onwards, will there be directors that get removed or orders cancelled? We are yet to find out.