Stelios Offloading Shares
Apparently Stelios has offloaded another tranche of shares to raise a warchest of £17Million for his other ventures (including easyCinema).
This reduces his stake to less than 20%.
Also in a separate development an unnamed major investor has placed £4.5M shares with Credit Suisse First Boston.
Not sure why this has been moved to the Non Air Transport Issues forum.
If he sells all his shares this could depress the share price and make it more difficult for easyJet to raise money to buy new a/c.
This would increase their costs, reduce their profitability and ...........