NewsMeter
EasyJet's board has reached an outline agreement with Castlelake, a US private credit group, on a £5bn takeover proposal, and says it is minded to recommend the bid to shareholders.
The approach by an American private credit firm for one of the UK's largest airlines represents a significant move by an asset class increasingly active in aviation assets.
What the Board Said EasyJet's board confirmed it is minded to recommend the proposal from Castlelake.
The language — "minded to recommend" rather than a formal recommendation — signals the deal remains subject to further conditions being met, though the outline agreement indicates substantive progress between the two parties.
Keep reading