The row over company strategy between easyJet’s board and Sir Stelios Haji-Ioannou has taken an unexpected turn, with its founder and largest shareholder telling the board yesterday that he “intends to set up an airline branded Fastjet”. Analysts have dismissed the threat as a ploy to wring more concessions from easyJet simply because launching an airline in the UK low-cost market would be very difficult to establish. Moreover, Haji-Ioannou is contractually prevented from acquiring more than 10% interest in another airline licensed in the European Economic Area for another two years. EasyJet has indicated it will enforce this contract in

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