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Old 31st Mar 2020, 14:39
  #937 (permalink)  
davidjohnson6
 
Join Date: Sep 2008
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Stelios as a major shareholder has a very different set of interests compared to any of the directors or employees, suppliers, or customers. He saw what happened to RBS in autumn 2008 - namely the Govt took a large equity stake in RBS but the existing shareholders incurred significant pain as part of this. The UK Chancellor has made clear that a Govt bailout of airlines should be as a last resort - so will demand at least a pound of flesh for the Govt in return for cash - it's the shareholders who will lose out. Stelios has presumably the bulk of his wealth invested in Easyjet and has no desire to lose (e.g.) half of this as part of a Govt bailout. He will therefore want to find any possible way to wriggle out of any contract with Airbus, avoid Easyjet needing a bailout and thus he gets to keep the bulk of his wealth. Of course once this is done, he may then choose to sell some of his shareholding in Easyjet
I very much doubt he cares what the Daily Mail writes
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