Sir Stelios offers £5m reward to stop Easyjet’s £4.5bn Airbus deal

Easyjet founder Sir Stelios Haji-Ioannou is offering £5million to anyone who can help him thwart a £4.5billion deal with Airbus.

Stelios’s call for whistleblowers to come forward is the latest bizarre turn in a fiery bust-up with Easyjet’s board. He wants the budget airline to cancel an order with Airbus for 107 planes – insisting it can’t afford them and that they will not be needed for a long time because of the Covid-19 crisis.

In an open letter, the Greek-Cypriot businessman offered £5million for information that could scupper the deal.

He pleaded for ‘current or past hard-working employees or anyone else who has seen anything suspicious by anyone inside Easyjet in their dealings with Airbus’ to come forward.

Stelios is looking for evidence of any untoward behaviour that may have led to Easyjet and Airbus signing the deal – though both firms vigorously deny this was the case.

Stelios said his appeal could also apply to suppliers, Airbus staff and lawyers. He has offered anonymity and to cover any legal costs. 

For people with ‘quick hints or tips’, he is willing to hand over around £10,000. 

He said: ‘We are looking for small tips, anything from lavish entertainment at the Paris Air Show up to the equivalent of the QPR sponsorship fee. 

‘Any unexplained wealth or ostentatious spending by Easyjet employees could also give us a hint.’

Stelios launched the airline in 1995 – and he and his family still own 34 per cent of its shares.

At a shareholders’ meeting on May 22, he will attempt to unseat four directors including chairman John Barton and chief executive Johan Lundgren.

Easyjet has delayed delivery of some jets, and has been forced it to ground its fleet of 344 jets. It expects to make a £380million loss in the six months to March.

It said it ‘firmly rejects any insinuation that Easyjet was involved in any impropriety’. It said a review of the Airbus deal by accountants BDO showed it had followed all the rules.