|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.99 - 11.20|
|52 Week Range||6.14 - 15.74|
|Beta (5Y Monthly)||2.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep. 30, 2021|
|1y Target Est||N/A|
The easyJet founder Sir Stelios Haji-Ioannou has lost his grip on the budget airline he launched a quarter of a century ago after the company raised £1.2bn of extra cash.
LONDON (Reuters) -British airline easyJet said its investors had bought 93% of the new shares on offer in its 1.2 billion pound ($1.64 billion) rights issue, designed to help fund its recovery from the pandemic. The airline announced the cash call, its second during 18 months of COVID-19, earlier this month, at the same time as revealing it had rejected a takeover approach from an unnamed suitor, believed to be low cost rival Wizz Air. EasyJet's chief executive, Johan Lundgren, said the extra funds would enable it to take advantage of new opportunities likely to arise as carriers like British Airways-owner IAG, Air France-KLM and Lufthansa retreat.
Airbus led a chorus of pledges by aviation leaders to cut emissions under an eco-friendly new slogan on Wednesday, but was forced to defend its jet-selling business under criticism from campaigners urging the industry to tame its growth. The European company, which last year announced plans to develop a hydrogen-powered airplane from 2035, said aviation could only hit net-zero carbon emissions in 2050 if airports, airlines and air traffic systems also embraced radical change. "Reaching net zero will be the result of a truly unparalleled act of cooperation," Executive Vice President Julie Kitcher told the "Airbus Summit", attended by policymakers and airlines including easyJet and Lufthansa.