EasyJet shares fall as FL Group sell stake
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.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.






























Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments