Findlay’s decision to give notice was confirmed by easyJet in a stock exchange note on Tuesday (26 May).

It comes after an attempt by easyJet founder and the airline largest shareholder, Sir Stelios Haji-Ioannou, to oust Findlay and several other leading management figures on Friday (22 May) over the easyJet board’s commitment to a £4.5 billion contract with Airbus.

Chief executive Johan Lundgren said Findlay had worked hard to secure additional cash headroom to support the business through the coronavirus crisis.

"Since I joined in 2017, Andrew and I have worked extremely well together," said Lundgren. "As the longest standing member of the airline management board, Andrew has and continues to provide solid financial steerage and guidance. This has been particularly so during recent months when he was quick to secure liquidity and deliver a significant reduction in cash burn.

"We all look forward to working with Andrew over the coming 12 months as we successfully steer easyJet though this unprecedented times for the industry."

Findlay added: "I remain fully committed to the business to support Johan and to ensure easyJet successfully weathers this unprecedented time for the airline industry."

Findlay said he wanted to thank the shareholders who supported him at Friday’s general meeting and stressed he would "repay that support" over the next year.