The easyGroup was founded in the year1998. The easyGroup is the holding company that owns and controls the "easy" ventures. The company is owned by Stelios Haji-Ioannou. The subsidiaries of the company discard the frills to make available to the customers cheap goods and services. It uses the yield management method of yield and supply. The last few years has seen the company expand with the help of franchises. The company is situated in London but it is registered in Jersey. Some of the easyGroup subsidiaries are more successful than others - the most successful subsidiary being easyJet.
easyJet is a low-priced airline functioning in Europe since the year 1995. It was the first company which was possessed by easyGroup to use the "easy" prefix. It is one of the biggest low-fare carriers in Europe. It has operations in both domestic as well as international services on a total of 387 routes connecting 104 North African and European airports. It has a United Kingdom Civil Aviation Authority Type A Operating Licence that allows it to carry passengers, mail and cargo on aircrafts that are equipped with 20 seats or more. EasyJet plc figures in the London Stock exchange and is one of the constituents of FTSE 250 Index.
The company since its inception in 1995 have been witness to rapid expansions and has grown at a very past pace thanks to a number of acquisitions as well as base openings that have been introduced due to the increase in consumer demand. The company started its operations from November 1995. It was brought into existence by Stelios Haji-Ioannou with two Boeing 737-200 aircrafts. Initially the aircraft was operated by GB Airways and then by Air Foyle. At the start there were two routes in which the airline operated, London Luton to Edinburgh and Glasgow.
In 2004 the FL GROUP bought an 8.4% stake in the company. Over the next few months the company increased its share in easyJet to almost 16.9% and there was speculation that the latter might be taken over by FL Group. In 2006 however the FL Group sold off its portion. In 2005 Ray Webster stepped down from his position as the CEO of the company to be replaced by Andrew Harrison.
The fleet of the company comprises the following aircrafts: Airbus A319-100, Airbus A320-200, Airbus A321-200 as well as Boeing 737-700. The company is also the biggest operator of the Airbus A319. At the start the booking of the airline was possible only through telephone and all the aircrafts of easyJet had the booking number inscribed on its body. In 1998 however the company made available booking over the internet and these were much cheaper than the bookings that were done over the phone.
- Presently the airline has a total of 137 aircrafts
- The company operates from 20 bases that are situated across Europe.
- The company has employee strength of 4,859 people.
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