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easyJet Sets Deadline for Castlelake and Apollo Bids

August 7, 2026

2 min read

Key Takeaways

easyJet extends deadline for Castlelake and Apollo bids.
Both bidders now have until August 7, 2026, to make a firm offer.
Apollo's offer is currently higher at $9.59 per share.
Castlelake's offer is $9.26 per share.

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Strategic Implications

This deadline extension may indicate easyJet's desire to maximize shareholder value, which could lead to a higher sale price. The alignment of deadlines suggests a level playing field for both bidders, which may incentivize them to make their best offers.

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What Happened

Low-Cost Carrier Awaits Final Offers From Two Suitors

easyJet has extended the deadline for potential buyers Castlelake and Apollo to make their final offers, creating a level playing field for the two bidders. The low-cost carrier initially gave Castlelake until August 3, 2026, to submit a rival bid to Apollo’s $7.6 billion offer, but has now aligned the deadlines to August 7, 2026. Apollo’s offer, which includes a $9.59 per share payout to shareholders, is currently in pole position. The move allows easyJet to weigh the bids side by side and may incentivize the bidders to make their best offers. This development was first reported by AeroTime.

Source | Originally Published: August 7, 2026

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