Haji-Ioannou in 1984
|Born||14 February 1967|
|Alma mater|| Cass Business School |
London School of Economics
|Known for||Founder and part-owner of easyJet|
|Net worth||US$1.57 billion (April 2018)|
|Relatives|| Loucas Haji-Ioannou (father)|
Polys Haji-Ioannou (brother)
Clelia Haji-Ioannou (sister)
Sir Stelios Haji-Ioannou (Greek : Στέλιος Χατζηιωάννου; born 14 February 1967) is a Greek-Cypriot entrepreneur. Born into a wealthy ship-owning family, he is best known for founding the low-cost airline easyJet and the Stelmar shipping line with start-up funds provided by his father, Loucas. easyJet's foundation in 1995 marked the beginning of a series of ventures marketed under the "easy" brand, managed by easyGroup and chaired by Haji-Ioannou.
Stelios Haji-Ioannou was born in Athens on 14 February 1967, the second of three children of Nedi (née Potsos) and Loucas Haji-Ioannou. He has an elder brother, Polys, and a younger sister, Clelia. Both of his siblings have a large stake in easyJet.His father's family originates from the village of Pedoulas high in the Troodos Mountains of Cyprus, while his mother is from the village of Laneia at the foot of the mountains. After his secondary education in Athens, he studied Economics at the London School of Economics, graduating with a BSc in 1987. He went on to obtain an MSc in Shipping, Trade & Finance from Cass Business School. He was later awarded four honorary doctorates from Cass Business School, Liverpool John Moores University, Newcastle Business School, and Cranfield University.
A self-labelled "serial entrepreneur", Haji-Ioannou started working in 1988 for his father's already successful shipping business, Troodos Shipping Co Ltd. At 25, Haji-Ioannou received £30 million from his father, that he used to set up his own shipping company, Stelmar Shipping.Haji-Ioannou floated the company on the New York Stock Exchange in 2001. In 2005, Stelmar Shipping was sold to the OSG Group for approximately $1.3 billion.
In April 1991, a Troodos-owned VLCC oil tanker suffered a disaster that resulted in six deaths and spilt about 50,000 tons of crude oil into the sea, becoming arguably the Mediterranean's worst-ever ecological disaster. [ citation needed ] He and his father were acquitted by the jury. Subsequent civil demands for compensation were also dismissed by the courts.The tanker, M/T Haven, was an elderly vessel, formerly the Amoco Haven, sister ship of the ill-starred Amoco Cadiz that had foundered in 1978. Haji-Ioannou was accused of poor maintenance and charged in Italy with manslaughter, in addition to intimidating and attempting to bribe witnesses. Haji-Ioannou blamed the accident on an error by one of the surviving crew members.
Haji-Ioannou started easyJet in 1995 when he was 28 years old, running a service between Luton and Scotland. In 2000, easyJet PLC was partially floated on the London Stock Exchange. He and his family remain its largest single shareholders (34%) in the airline, capitalised at £4.17bn as of 9 May 2019.
Haji-Ioannou conducts business via his private investment vehicle, the easyGroup, which owns the 'easy' brand and licenses it to the various 'easy'-branded ventures, including the airline. Haji-Ioannou continues to extend his business interests, mainly in the field of travel and leisure by encouraging entrepreneurs to adopt the "easy" brand for their companies.
easyJet PLC is one of Europe's largest airlines with a fleet of 323 aircraft carrying over 88.5m passengers annually (2018 figures).
Other travel/leisure-related businesses include:
In September 2011 it was reported that Haji-Ioannou was working on Fastjet, a new low-cost airline serving routes within Africa, as part of a joint venture with Lonrho plc. The airline started operations on 29 November 2012 with Airbus A319 aircraft.
In 2009, Haji-Ioannou brought proceedings in London's High Court over Ryanair adverts which appeared in The Guardian , the Daily Telegraph and on Ryanair's website in January and February. The adverts featured a picture of Haji-Ioannou in the style of Pinocchio and referred to him as "easyJet's Mr Late Again". The case was eventually settled out of court, with Haji-Ioannou receiving an official apology from the airline and the sum of £50,100, which Haji-Ioannou announced he would donate to his philanthropic foundation.
In 2010, Haji-Ioannou quit the board of EasyJet, in order to attempt to force the management of the company to abort their expansion plans.
In an interview with Management Today , he said: 'EasyJet is seen as a huge success, which I'm happy about, because I own the brand. But easyJet is a publicly listed company. The share price has gone up and down as it's got bigger and things have happened – but overall, really it's gone sideways.'
He then went on to say: 'Basically, it's created no shareholder value for 10 years.'
In 2013, Haji-Ioannou said he had become "increasingly concerned" at easyJet's expansion plans. He announced that he sold 200,000 easyJet shares in protest against plans to buy more planes, while his siblings have done the same with their shares.
Haji-Ioannou has lived in Monaco since his family moved there when he was a teenager.
In the 2006 Birthday Honours, Haji-Ioannou received a knighthood from Queen Elizabeth II for "services to entrepreneurship".
Haji-Ioannou was a member of the New Enterprise Council, a group set up to advise the Conservative Party on business policy. He stated at the time that this appointment did not reflect his political affiliations, adding, "I agreed to be included in the group of entrepreneurs because I was assured it will be non-partisan. [There is] not much difference between left and right any more."
In an April 2010 letter to the Daily Telegraph , Haji-Ioannou joined 23 other UK business leaders, including Marks & Spencer's Stuart Rose and Next's Simon Wolfson, criticising the Brown government's plans to raise National Insurance contribution rates.
The character of Omar Baba in the BBC comedy series Come Fly With Me is reportedly based on Haji-Ioannou.
In 2018, he filed a infringement claim against Netflix over their show "Easy" in a UK court, saying that use of the name breaches its European trademarks.
His charitable foundation, the Stelios Philanthropic Foundation, supports education,as well as entrepreneurial and environmental initiatives through the provision of funding and advice in the UK, Greece and Cyprus.It also sponsors annual awards with cash prizes to entrepreneurs in the UK, Greece and Cyprus.
The Foundation finances ten undergraduate scholarships annually for students taking a three-year course at his alma mater, the London School of Economics and Political Science, and a further ten postgraduate awards at City University's Cass Business School (1-year course). It also gives a £50,000 cash prize to the winner of the Disabled Entrepreneur in the UK Award, run in conjunction with Leonard Cheshire Disability. Similar prizes are awarded for enterprises in Cyprus that help foster inter-communal relationships on the island and Greece where the Foundation hosts an award for young entrepreneurs.
Most recently the Foundation has joined the relief effort aimed at helping those in Greece and Cyprus worst affected by the current economic downturn. Its "Food from the Heart" initiative, based in Limassol, hands out free lunchtime snacks to registered recipients in Nicosia, Limassol and Athens. Further outlets to help cope with the refugees landing on Aegean islands are in the planning stage. (www.stelios.com)
He was among the benefactors of the "Make a WISH" charity event held in Monaco in June 2015, organized by the Embassy of the Sovereign Military Order of Malta to Serbia.
Go Fly was the name of a British low cost airline, founded by British Airways (BA) in May 1998. It operated flights between London Stansted Airport and destinations in Europe. The airline was purchased from BA, in a management buy out backed by the private equity firm 3i in June 2001. In May 2002, it was bought by its rival EasyJet, and was merged into the airline's operations by 2005.
EasyJet PLC, styled as easyJet, is a British low-cost airline group headquartered at London Luton Airport. It operates domestic and international scheduled services on over 1,000 routes in more than 30 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 100 Index. easyGroup Holdings Ltd is the largest shareholder with a 34.62% stake. It employs nearly 14,000 people, based throughout Europe but mainly in the UK.
RyanairDAC is an Irish budget airline founded in 1984, headquartered in Swords, Dublin, Ireland, with its primary operational bases at Dublin and London Stansted airports. It forms the largest part of the Ryanair Holdings family of airlines, and has Ryanair UK, Ryanair Sun, Malta Air and Lauda as sister airlines. In 2016, Ryanair was the largest European budget airline by scheduled passengers flown, and carried more international passengers than any other airline.
Buzz was a British low-cost airline operating services within Europe. It operated from 2000 until 2004 as a subsidiary of KLM and then Ryanair.
EasyHotel is an international super budget hotel chain head quartered in London and listed on the Alternative Investment Market of the London Stock Exchange.
EasyCruise was a cruise line of Greek ferry operator Hellenic Seaways. It was sold to them in August 2009 for £9 million by founder and Cypriot/British business man, Stelios Haji-Ioannou. They launched their first cruise ship EasyCruiseOne in 2005. Unlike other cruise lines, EasyCruise's business model offered passengers an inexpensive no-frills vacation with a la carte pricing for on board food and services. EasyCruise ended operations in early 2010.
MT Haven, formerly Amoco Milford Haven, was a VLCC, leased to Troodos Shipping. In 1991, while loaded with 144,000 tonnes of crude oil, the ship exploded, caught fire and sank off the coast of Genoa, Italy, killing six Cypriot crew and flooding the Mediterranean with up to 50,000 tonnes of crude oil. It broke in two and sank after burning for three days, and for the next 12 years the Mediterranean coast of Italy and France was polluted, especially around Genoa and southern France.
Andrew Harrison is a British businessman and former management consultant, currently the chairman of Dunelm Group. He previously served as the CEO of The RAC, easyJet and Whitbread.
EasyGroup, founded in 1998, is the holding company controlling the "easy" family of brands. It is privately owned by Sir Stelios Haji-Ioannou. Through its wholly owned subsidiary EasyGroup IP Licensing Ltd, the company licences the Easy brand to other businesses. From 2012 to 2017, Easygroup also licensed the Fastjet brand to the low-cost African airline.
Anastasios Christodoulou, often known as Chris Christodoulou, was a British-based Greek Cypriot university administrator. He was the Secretary General of the Association of Commonwealth Universities and the Foundation Secretary of the Open University.
Come Fly with Me is a British mockumentary television comedy series created by and starring Matt Lucas and David Walliams. Narrated by Lindsay Duncan, the series launched on 25 December 2010 on BBC One and HorizonTV 2. A spoof of British documentaries Airport and Airline, the series follows the activity at London Stansted Airport and three fictional airlines: FlyLo a low cost British airline, Our Lady Air an Irish low-cost airline and Great British Air a major international British airline.
Fastjet Plc is a British/South African-based holding company for a group of low-cost carriers that operate in Africa. The company's stated aim is to become the continent's first low-cost, pan-African airline, and the operation was initially created with the acquisition of Fly540, an airline operating in East Africa; flights in Fastjet's own name commenced in November 2012 in Tanzania. In order to satisfy local ownership and other requirements, the strategy is to create locally incorporated airlines or a series of licensees to operate services, using a common branding, operational standards and sales platform.
Royal Fly-GH is a Ghanaian airline based at Kotoka International Airport in Accra. Previously using the name Fly540 Ghana, it suspended operations in May 2014 but will resume flights by first quarter of 2019
Zie Ze Vliegen is a Dutch mockumentary television comedy series, based entirely on British mockumentary Come Fly With Me - with the script and characters almost exactly the same. The series stars Carlo Boszhard, Irene Moors, Chantal Janzen and Gordon Heuckeroth. The series was narrated by Vivian Boelen. A spoof of airport documentaries, the series follows the activity at a fictional airport (stated as one of the busiest in Benelux and three fictional airlines: GoedkoopAir, FlyLimburg and KNL. Boszhard and Moors portray many of the focal airline and airport staff, as well as some passengers, whose comments and experiences are featured in one or more of the series episodes in the style of a "fly-on-the-wall documentary". The show first aired on 20 August 2011 on RTL 4.
Nicolas George Ioannou, also known as "Rudy", is a Greek-Cypriot billionaire businessman. He is a yacht and speedboat manufacturer since 1991, and a property developer. He is the CEO of several companies including Coast and Hills Developments. He has investments in hotels and residential towers as well as marina developments. Ioannou has been appointed by the Cypriot president as honorary consul of Cyprus in the Sinai Peninsula. He has an estimated net worth of around US$1.4 billion.
Loucas Haji-Ioannou was a Greek-Cypriot shipping entrepreneur. He was one of the handful of Greek ship owners whose fleets dominated the global shipping industry for most of the 20th century. He was the father of the founder of the EasyJet airline, Stelios Haji-Ioannou.
Stelios Joannou or Ioannou was an internationally acclaimed Cypriot industrialist and philanthropist, one of the two cofounders of the formidable Joannou & Paraskevaides construction firm, known by its trademark, J&P.
Clelia Haji-Ioannou is a Cypriot billionaire, due to her shareholding in EasyJet, the airline founded by her brother Stelios Haji-Ioannou.
Polys Haji-Ioannou is a Cypriot billionaire, due mainly to his shareholding in EasyJet, the airline founded by his brother Stelios Haji-Ioannou.
Hatziioannou or Haji-Ioannou is a Greek surname. Notable people with the surname include:
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