Airlines in a Crisis

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 op...

Is Easyjet well served by getting on the wrong side of a 30% shareholder in difficult times. Is the continued concentration on growth for the benefit of the shareholders that take all the risk, or for increasing managements incentive packages. There are enough samples of corporate greed where top management walks away with millions even though the results tanks and staff ends up getting laid off. Easyjet management says an outside independent have looked at its dealings with Airbus and found nothing untoward. An independent company is only as independent as the one that pays their bill want them to be. Self-hiring an "independent" is a well known way of getting in ahead of an investigation instigated by somebody else.I am not saying anything will be hung on the current management of Easyjet, but smaybe something will stick on Airbus that could be used for negating the contract without penalties. Even more likely since they have already settled something similar. Easyjet ma...