EASYJET is set to rebuff an attempt by the low-cost airline's founder Sir Stelios Haji-Ioannou to oust Sir Michael Rake as chairman.

At a shareholder meeting today, Sir Stelios will present a resolution to eject Sir Michael, who is also deputy chairman of Barclays.

Sir Stelios, who with other members of his family controls 37.5% of easyJet, first expressed concern about Sir Michael’s position when it emerged he was a potential candidate to take over as the chairman of the bank after Marcus Agius stepped down following the Libor-fixing affair.

Sir Michael ruled himself out, but Sir Stelios has remained opposed to his position.

The row is the latest in a series of spats between the founder and its directors.

Earlier this year, Sir Stelios was defeated in his attempt to throw out a multi-million-pound pay deal for executives.

EasyJet investors, apart from Sir Stelios and his family, voted to pass the airline’s remuneration deal.

He also failed to encourage enough investors to reject the re-election of four directors including Sir Michael.

EasyJet last month said it had received written statements from seven of its top City shareholders, with 26.5% of the shares, indicating they would vote against the resolution to remove Sir Michael.

EasyJet is one of Europe’s biggest airlines.