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Old 19th May 2010, 13:05
  #2800 (permalink)  
ericlday
 
Join Date: Oct 2003
Location: Luton/Tenerife
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Easyjet

easyJet has drawn up plans to drop the easy name if it cannot resolve a bitter row with the airline’s founder, Sir Stelios Haji-Ioannou, the Times reports. A board member told the newspaper: ‘You would expect us to have looked at this and we have. We do not want to lose the easy name but if you are facing a flood you put up flood barriers.'

A bitter dispute between Sir Stelios and the airline exploded again on Friday, when he resigned from the board. He said he had stepped down to speak freely about his concerns with the way the company was being run. ‘The gag is off,’ he said.

He has accused Andy Harrison, the chief executive who will leave the airline next month, of pursuing a reckless expansion programme and buying too many aircraft. The company has rejected the claim, saying Sir Stelios agreed to all aircraft deals and the commercial strategy along with the rest of the board. It also pointed out that easyJet was one of the few airlines to remain profitable during the recession.

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