Founder Stelios Haji-Ioannou and his family reduce their share of easyJet to 37%

EasyJet’s ( (London-Luton) founder Stelios Haji-Ioannou has sold a portion of his shares in the airline and reduced his family’s holding to just 37 percent of the total shares. The sale was a protest against the direction of the low-fare airline and he  threatened a further cutback in his stake should the company acquire new airplanes in five years according to this article by Bloomberg.

Haji-Ioannou family members sold 600,000 shares last week.

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Copyright Photo: Paul Bannwarth. Set against stormy skies, EasyJet’s Airbus A319-111 G-EZFA (msn 3788) arrives at EuroAirport (Basel/Mulhouse/Freiburg) with special “La France au coeur” markings.

EasyJet: AG Slide Show