LONDON, July 11 EasyJet said on Thursday
a majority of its shareholders had backed the plan to buy 135
new Airbus planes, defeating a move by the group's
estranged founder to block the deal.
The carrier said investors representing 57 percent of its
shares voted in favour of the plan to buy 35 A320 aircraft and
100 new A320neo jets, with options for a further 100, at a
meeting in Luton, north of London.
The fleet expansion deal was so large it was subject to a
shareholder vote, where it had to be approved by investors
representing more than 50 percent of the company's shares.
EasyJet's estranged founder Stelios Haji-Ioannou had said he
would vote against the fleet expansion plans after arguing the
deal would destroy shareholder value and that the money would be
better spent on improving returns to investors, through
dividends or share buybacks.
Haji-Ioannou, better known as Stelios, founded easyJet in
1995 but quit the board in 2010 after a row over strategy.
"The vote in favour of our new fleet arrangements will allow
easyJet to continue its successful strategy of modest,
profitable growth and sustainable returns for our shareholders,"
the group's Chairman John Barton said.