EasyJet board looks set to win latest battle with Stelios squib

EasyJet's board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline's plan to stick with a $5.5 billion plane order. Stelios Haji-Ioannou, whose family is easyJet's biggest investor with a 34% stake, wants to oust the CEO, finance chief, chairman and another director, arguing their plan for the airline to buy 107 new Airbus aircraft could bankrupt it. Three of the company's bigger investors, with a combined 15% stake, have backed Chief Executive Johan Lundgren, and he says he has spoken to about 45% of the shareholder base who have all given him their support.
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