Posted AT 6:34 AM EST on 18/11/08
easyJet founder Stelios refuses to endorse accounts
LONDON — A boardroom row at British low-cost airline easyJet Plc escalated on Tuesday as the company said its high-profile founder and non-executive director Stelios Haji-Iannou had refused to approve its annual accounts.
In a statement attached to easyJet's full-year results, 27 per cent shareholder Mr. Stelios said he disagreed with some of the airline's accounting policies relating to the recent acquisition of GB Airways.
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