Source: CBS News
“EasyJet has agreed to be acquired by U.S. private equity firm Castlelake in a deal that values the U.K. budget airline at £5 billion ($6.7 billion). EasyJet’s board of directors and Castlelake said on Sunday they had reached an agreement in principle after the carrier had previously rejected four earlier bids from the firm. EasyJet shares jumped nearly 10% Monday on the London Stock Exchange. … EasyJet, whose main U.K. hub is London Gatwick Airport, was founded in 1995 by entrepreneur Stelios Haji-Ioannou, and grew quickly on the strength of its no-frills, low-cost flights around Europe. Recently, the carrier has faced challenges, including soaring jet fuel costs stemming from the Iran war, that have cut into airline profits.” (07/06/26)
https://www.cbsnews.com/news/easyjet-castlelake-airline-takeover-bid/