What Happened
Rival Bid Throws Low-Cost Carrier Acquisition Wide Open
The takeover of easyJet by Castlelake has been thrown into uncertainty after US private equity firm Apollo submitted a rival $7.6 billion offer. easyJet told its shareholders that Apollo’s offer delivers a superior outcome, with shareholders entitled to receive $9.59 per share, compared to Castlelake’s $9.26 per share. Apollo has until August 7, 2026, to confirm its intention to bid. The development was first reported by AeroTime.