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Concept
EasyJet
Summary
EasyJet plc (styled as easyJet) is a British multinational low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on 927 routes in more than 34 countries via its affiliate airlines EasyJet UK, EasyJet Switzerland, and EasyJet Europe. EasyJet plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. EasyGroup Holdings Ltd, the investment vehicle of the airline's founder, Greek-Cypriot businessman Stelios Haji-Ioannou, is the largest shareholder with a 15.27% stake (as of September 2021). It employs circa 13,000 people, based throughout Europe but mainly in the UK.
Since its establishment in 1995, EasyJet has expanded through a combination of acquisitions, and base openings fuelled by consumer demand for low-cost air travel. The group, along with associate companies EasyJet UK, EasyJet Europe and EasyJet Switzerland, operates 308 aircraft. It has 29 bases across Europe, the largest being Gatwick. In 2014, the airline carried more than 65 million passengers, making it the second-largest budget airline in Europe by number of passengers carried, behind Ryanair.
EasyJet was featured in the television series Airline, broadcast on ITV (1998–2007), which followed the airline's operations in London Luton and later at other bases. Its pilot training scheme was the subject of another ITV television series, easyJet: Inside the Cockpit, which premiered in August 2017.
On 30 March 2020, EasyJet temporarily grounded its entire fleet of planes due to the COVID-19 pandemic. They later closed three of their bases.
EasyJet has its roots in the business activity of Greek-Cypriot Stelios Haji-Ioannou, who reportedly gained an interest in the aviation business after being approached as a potential investor in Virgin Atlantic's Greek franchisee. Recognising a vacant niche in the market, Stelios decided to examine the prospects for launching his airline, having secured a commitment of a £5 million loan from his father.
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