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EasyJet Airline Company Limited, styled as easyJet, is a low cost airline based at London Luton Airport. It is one of the largest low-fare airlines in Europe, operating domestic and international scheduled services on 387 routes between 104 European and north African airports.
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Wikipedia About Easyjet
EasyJet Airline Company Limited, styled as easyJet, is a low cost airline based at London Luton Airport. It is one of the largest low-fare airlines in Europe, operating domestic and international scheduled services on 387 routes between 104 European and north African airports.
The company holds a United Kingdom Civil Aviation Authority Type A Operating Licence permitting it to carry passengers, cargo and mail on aircraft with 20 or more seats.
The parent company, EasyJet plc, is listed on the London Stock Exchange (lse: EZJ). It has 4,859 employees (at September 2007). It is a constituent of the FTSE 250 Index.
Similar to its largest rival, Ryanair, EasyJet has seen rapid expansion since its establishment in 1995, having grown through a combination of acquisitions and base openings fuelled by consumer demand for low-cost air travel. The airline now operates 166 aircraft from 20 bases across Europe.
EasyJet is well known throughout the United Kingdom, in part due to the Airline series broadcast on ITV which followed the airline's operations at its home base in London Luton and later at a number of other bases. EasyJet's charismatic founder, Stelios Haji-Ioannou, was featured heavily in the series.
History
The airline was established on 18 October 1995 and started operations on 10 November 1995. It was launched by Stelios Haji-Ioannou with two wet leased Boeing 737-200 aircraft. The aircraft were operated initially by GB Airways, and subsequently by Air Foyle as EasyJet had not yet received its Air Operator's Certificate. EasyJet initially operated two routes: London Luton to Glasgow and Edinburgh.
Business and financials
EasyJet was floated on the London Stock Exchange in October 2000.
In October 2004 the FL GROUP, owner of airlines Icelandair and Sterling, purchased an 8.4% stake in EasyJet. Over the course of 2005, FL increased its share in the company periodically to 16.9%, fuelling speculation that it would mount a takeover bid for the UK carrier. However, in April 2006 the threat of takeover receded as FL sold its stake for €325m, securing a profit of €140m on its investment.
In November 2005 Ray Webster stood down after 10 years as EasyJet's chief executive officer. He was replaced by former RAC plc chief executive officer, Andrew Harrison.
Marketing
