EasyJet to ‘run out of money by August’

LUTON, England - The founder of easyJet has warned that the budget airline will 'run out of money by around August', as he urged directors to scrap a multi-billion pound deal with Airbus to avoid taking tax-payer funded loans.
Sir Stelios Haji-Ioannou has renewed calls for the airline to cancel the £4.5 billion order for 107 planes, which could stand idle due to the ongoing coronavirus pandemic.
He also called on the company to remove chief finance officer Andrew Findlay, as he said it would be 'the best way to stop him writing billion-pound cheques plus to Airbus every year'.
It comes days after Sir Stelios, who holds the biggest stake in easyJet, requisitioned a meeting of the company's shareholders to decide whether to remove another director from the board.
On Friday, easyJet rejected the founder's request for the meeting aimed at removing director Andreas Bierwirth.(FA)

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