EasyJet shares fall as FL Group sell stake - TravelMole


EasyJet shares fall as FL Group sell stake

Saturday, 06 Apr, 2006 0

The parent company of Icelandair, FL group, has sold its 16.9% stake in easyJet, driving down the value of the low cost carrier by 11%.

But the Reykjavik-based firm admitted it had been interested in raising its stake before finally deciding to end its investment.

FL Group chief executive Hannes Smarason denied however that it had been in formal negotiations with easyJet founder Stelios Haji-Ioannou.

“Though we had been interested in raising our stake, it would be going too far to say we reached an impasse with Stelios,” he said. “We were not in formal negotiations with Stelios.”

He added it was clear Stelios “has ambitions for his airline” and is “not a seller at a low price.”

FL Group sold its stake for around £230 million, realising a profit of nearing £100m on its original investment.

EasyJet’s shares fell to 318p on news of the sale.



 



Most Read

Mark Jaronski of Explore Georgia on FIFA World Cup 2026

Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange

North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari