easyJet

  • Apollo Raises easyJet Takeover Bid to £5.7 Billion

    ByFegea

    U.S. private equity firm Apollo Global Management has submitted a £5.7 billion takeover offer for British low-cost airline easyJet, surpassing a previous £5.5 billion proposal from Castlelake. The new bid values easyJet shares at £7.15 each and includes an option allowing existing investors to retain a minority stake after the acquisition. easyJet’s board said it…

  • Rising Fuel Costs Put European Airlines at Risk of Restructuring

    ByFegea

    Higher fuel prices and renewed tensions in the Middle East are increasing financial pressure on weaker European airlines, raising the likelihood of restructurings, mergers, and acquisitions across the sector. According to Reuters, British low-cost carrier easyJet is reportedly close to a takeover led by U.S. investors that could take the airline private at a valuation…