Intriguing reports in the UK this weekend suggesting EasyJet founder Stelios Haji-Ioannou is planning a new online travel agency.
The idea to create a rival to Expedia and Travelocity-owned Lastminute.com in Europe is said to be dependent on whether Stelios (as he universally known) can end a long running row with EasyJet management over the airline’s strategy.
Stelio owns almost 40% of the airline and is calling on its board of directors to “stop spending money on new aircraft” and please shareholders with a dividend.
Read the full story at http://www.tnooz.com/2010/06/07/news/stelios-of-EasyJet-mulls-new-online-travel-agency-in-europe/
