EASYJET BOSS TO GO EARLY.Byline: THOMAS MARTIN EASYJET chairman Stelios Haji-Ioannou Sir Stelios Haji-Ioannou, KBE (born 14 February 1967 in Athens) is a Greek-Cypriot born British entrepreneur and is best known for setting up easyJet, a low-cost airline. Early days brought forward his departure date today after the successful acquisition of rival budget airline Go. Mr Haji-Ioannou, who set up easyJet in 1995, planned to leave next year to focus on other business interests. But he has brought forward these plans and today said he would step down on November 26, the day easyJet posts full-year figures. Mr Haji-Ioannou said the airline, which has its main bases in Liverpool and Luton, was running smoothly. The integration of Go, which easyJet bought for pounds 374m, was well under way. The punctuality Punctuality Fogg, Phileas completes world circuit at exact minute he wagered he would. [Fr. Lit.: Around the World in Eighty Days] Gilbreths disciplined family brought up to abide by strict, punctual standards. [Am. Lit. of the flying programme was back to normal, while the combined airlines carried 1.7 million passengers in August. He added: ``Everything I hear leads me to be confident that full-year results to September 2002 will be in line with market expectations.'' In addition, Mr Haji-Ioannou said the move would show better accountability in the next financial year as well as freeing up his time. His other interests include easyInternetCafe and rental business easyCar. He said easyInternetCafe had ``turned the corner'', easyCar was on track for an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. at the end of 2004 and he continued to work on new start-up easyCinema. Mr Haji-Ioannou is a major shareholder in easyJet, holding almost 22% of the stock while his brother and sister together have 24.4%. He has already said he may cut his stake to raise funds but today insisted he had no intention of selling any easyJet shares in the near future. The flamboyant Mr Haji-Ioannou, who founded the airline with a pounds 5m loan from his Greek shipping Shipping is arguably the oldest form of occupation of the Greeks. It is the second largest contributor to the Greek economy after tourism and forms the backbone of world shipping. As of 2001, Greek run companies controlled about 20% of the world's fleet. tycoon father, is being replaced by City veteran Sir Colin Chandler Chandler, city (1990 pop. 90,533), Maricopa co., S central Ariz., in the Salt River valley; inc. 1920. It is both a residential community and a center for research and technology. Tourism is also important, and the San Marcos Golf Resort is in Chandler. . l AIRPORTS operator BAA reported a jump in passenger numbers today after a late summer surge of holidaymakers headed for Europe. BAA, which runs Heathrow, Gatwick and Stansted among others, said 13.2 million people passed through its airports in August. That was a 2.3% increase on same month a year ago and up from the 12.9 million passengers reported in July and 11.6 million in June. CAPTION(S): LEAVING: Stelios Haji-Ioannou |
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