easyJet (London Luton) founder, Stelios Haji-Iaonnou, says his reasons for opposing the British LCC's fleet renewal plans hinge upon the lack of transparency in the aircraft costs said to be worth around USD11.9billion at list prices. In addition to an order for 100 A320neos due between 2017-22, easyJet plans to firm up thirty-three A320ceo options it still has with Airbus (AIB, Toulouse Blagnac) with delivery set for 2015-17. Mr Haji-Iaonnou believes the deal benefits the European aircraft manufacturer at the airline's expense and is concerned that an increasing cost base will inevitably render some routes unprofitable. He also rubbished the A320neo as a "shiny new toy" - more expensive than the basic A320 - and that the fuel savings are not yet proven. While Mr Haji-Iaonnou has been urging shareholders to join him in voting against the deal, he does concede that the vote will most likely go "the way the directors want it to." Stelios founded easyJet in 1995 but quit the board in 2010 after a row over strategy. Despite still owning a 37% stake in the carrier, he frequently disagrees with the airline on fleet expansion, executive pay and dividend policy, arguing that new aircraft hurt value for shareholders.