easyJet Invests in Greek Ferries

easyJet Invests in Greek Ferries

Stelios Haji-Ioannou, the founder of low-cost airline easyJet, is buying into Sea Star Capital, the Cyprus listed shipping investment vehicle led by Yannis Vardinoyiannis. With an investment of €9m ($12.6m) in cash, Mr Haji-Ioannou will become Sea Star’s fourth largest shareholder with 5.5% of the company. Sea Star currently owns 32.5% of Crete’s Anek Lines, which operates its own fleet of 11 ferries in the Aegean and Adriatic trades, and a 36.5% stake in Greek coastal giant Hellenic Seaways, with a fleet of about 35 fast and conventional ferries.