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EasyJet Airline Company Limited

EasyJet Airline Company Limited (styled as easyJet; LSE: EZJ) is a British airline headquartered at London Luton Airport. It is the largest airline of the United Kingdom, measured by number of passengers carried, operating domestic and international scheduled services on over 600 routes across more than 30 countries.

 The parent company, EasyJet plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. As of 30 September 2012, it employs 8,446 people, based throughout Europe but mainly in the UK.

EasyJet has seen rapid expansion since its establishment in 1995, having grown through a combination of acquisitions and base openings fuelled by consumer demand for low-cost air travel. The airline, along with subsidiary airline EasyJet Switzerland, now operates over 200 aircraft, mostly Airbus A319. It has 23 bases across Europe, the largest being Gatwick. In 2011, EasyJet carried over 55 million passengers and is the second-largest low-cost carrier in Europe, behind Ryanair.

EasyJet was featured in the television series Airline broadcast on ITV which followed the airline's operations at London Luton and later at other bases.

Boarding an EasyJet Airbus A319

The airline was established in 1995 as part of the EasyGroup conglomerate. It was launched by Greek-Cypriot businessman Stelios Haji-Ioannou with two wet leased Boeing 737Ц200 aircraft, initially operating two routes: London Luton to Glasgow and Edinburgh. In April 1996, the first wholly owned aircraft was delivered to Easyjet, enabling its first international route, to Amsterdam. Until October 1997, the aircraft were operated by GB Airways, and subsequently by Air Foyle as EasyJet had not yet received its Air Operator's Certificate.

EasyJet was floated on the London Stock Exchange on 5 November 2000. In October 2004 the FL Group, owner of the airlines Icelandair and Sterling, purchased an 8.4% stake in EasyJet. Over the course of 2005, FL increased its share in the company periodically to 16.9%, fuelling speculation that it would mount a takeover bid for the UK carrier.

However, in April 2006 the threat of takeover receded as FL sold its stake for И325 million, securing a profit of И140m on its investment. In November 2005, Ray Webster stood down after 10 years as EasyJet's chief executive officer (CEO) and was replaced by former RAC plc CEO, Andrew Harrison.

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