Stelios’ African airline prepares for launch with Lonrho acquisition June 13, 2012 Stelios Haji-Ioannou’s plans to launch a new budget airline for Africa moved a step closed this morning after conglomerate Lonrho announced the sale of its aviation business. British investment firm Rubicon has bought the unit for £55.1m and will now make plans to launch a carrier named ‘FastJet’ with Stelios. As part of the deal [...]
RAPID RESPONSES April 11, 2012 Flight risk [Re: The economics of the airline industry are sheer hell, yesterday] I’m surprised David Crow has chosen to lump me in with Vijay Malya (the Indian entrepreneur behind Kingfisher Airlines) in his otherwise well observed critique of the modern airline industry. As the largest shareholder in easyJet I have, since 2008, been vocal [...]
Lonrho and EasyGroup open hotel April 3, 2012 Lonrho and EasyGroup are opening the first African easyHotel in Johannesburg, the firms said yesterday. Platinum miner Lonrho, which is also working with EasyGroup on a low-cost airline in Africa, said it hopes to open some 50 hotels over the next four years.
STOCK EXCHANGE BLOCKS STELIOS FROM AIRING HIS LATEST ATTACK February 21, 2012 EASYJET founder Sir Stelios Haji-Ioannou has never been shy about letting the airline’s management know what he really thinks. But yesterday’s attack on chairman Mike Rake’s team, in which he paints EasyJet lawyers Herbert Smith in an unflattering light, was the straw that broke the London Stock Exchange’s back – it refused to publish the [...]
STOCK EXCHANGE BLOCKS STELIOS FROM AIRING HIS LATEST ATTACK February 21, 2012 EASYJET founder Sir Stelios Haji-Ioannou has never been shy about letting the airline’s management know what he really thinks. But yesterday’s attack on chairman Mike Rake’s team, in which he paints EasyJet lawyers Herbert Smith in an unflattering light, was the straw that broke the London Stock Exchange’s back – it refused to publish the [...]
New Stelios plan crosses the Rubicon December 6, 2011 EASYJET founder Sir Stelios Haji-Ioannou (pictured below) yesterday unveiled his plans to rival the budget airline he set up in 1995. Stelios hopes to set up an Africa-focused carrier through Rubicon, an unprofitable software company that just over two weeks ago altered its investment strategy to focus on aviation. Rubicon, using the Fastjet name that Stelios [...]
New Stelios plan crosses the Rubicon December 6, 2011 EASYJET founder Sir Stelios Haji-Ioannou (pictured below) yesterday unveiled his plans to rival the budget airline he set up in 1995. Stelios hopes to set up an Africa-focused carrier through Rubicon, an unprofitable software company that just over two weeks ago altered its investment strategy to focus on aviation. Rubicon, using the Fastjet name that Stelios [...]
Sir Stelios’ Fastjet may compete on Transatlantic route October 2, 2011 EASYJET’s founder Sir Stelios Haji-Iaonnou is considering launching a transatlantic airline which would see him go head to head with British Airways and Virgin Atlantic. The new airline branded Fastjet is unlikely to directly compete with easyJet, which operates flights mainly in Europe, according to reports this weekend. A source close to the company told [...]
Sir Stelios’ Fastjet may compete on Transatlantic route October 2, 2011 EASYJET’s founder Sir Stelios Haji-Iaonnou is considering launching a transatlantic airline which would see him go head to head with British Airways and Virgin Atlantic. The new airline branded Fastjet is unlikely to directly compete with easyJet, which operates flights mainly in Europe, according to reports this weekend. A source close to the company told [...]
Stelios starts easyJet rival September 26, 2011 EASYJET founder Sir Stelios Haji-Ioannou has told the airline he is planning to launch a rival airline called Fastjet, in the latest twist in a series of bitter disputes between the tycoon and the firm he set up 16 years ago. The shock move comes just a week after easyJet’s management promised to pay out [...]