easyJet placates its largest shareholder in a roundabout way
Instead of cancelling Airbus order like Stelios requested easyJet is now deferring the deliveries of the order up to several years into the future.
Is this a way of pandering to Stelios wishes without actually being seen to cave in since management did win the shareholder vote on the matter. After all it can't have been pleasant for the management of the airline to have to work against the wishes of a 33% owner.
This way they could present it as a bit of a victory emphasizing the retention of the discounts obtained way back in 2013. A bit odd that an even better deal couldn't be obtained this time around but those might be reserved for they who can actually take deliveries of aircrafts now.
Good thing also that the delay fit nicely with most airlines forecasts on when the world will return to more normal times. At least that is the timeframe they use when negotiating with staff on t&c conditions.
However it is still against Stelios expressed opinion that 200 is the optimum fleet for creating the most profitable airline. Maybe easyJet will have to work on its divisioning strategy and like Ryanair divide into several more or less independent airlines. At least more than the pure Brexit creation of an Austrian entity.
Is this a way of pandering to Stelios wishes without actually being seen to cave in since management did win the shareholder vote on the matter. After all it can't have been pleasant for the management of the airline to have to work against the wishes of a 33% owner.
This way they could present it as a bit of a victory emphasizing the retention of the discounts obtained way back in 2013. A bit odd that an even better deal couldn't be obtained this time around but those might be reserved for they who can actually take deliveries of aircrafts now.
Good thing also that the delay fit nicely with most airlines forecasts on when the world will return to more normal times. At least that is the timeframe they use when negotiating with staff on t&c conditions.
However it is still against Stelios expressed opinion that 200 is the optimum fleet for creating the most profitable airline. Maybe easyJet will have to work on its divisioning strategy and like Ryanair divide into several more or less independent airlines. At least more than the pure Brexit creation of an Austrian entity.
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