EasyJet Board Denies Castlelake Takeover Talks, Citing Strong Cash and Profit Outlook
Updated
Updated · Bloomberg · Jun 1
EasyJet Board Denies Castlelake Takeover Talks, Citing Strong Cash and Profit Outlook
4 articles · Updated · Bloomberg · Jun 1
EasyJet said Monday it has had no discussions with Castlelake and has received no approach or proposal from the investment firm over a possible takeover.
Castlelake had said it was considering an offer for the UK budget airline, prompting the board to respond in a regulatory statement.
The board said it remains highly confident in EasyJet’s strategy and its ability to deliver long-term shareholder value, pointing to the airline’s cash position and profit outlook.
The statement leaves any bid at a preliminary stage, with no confirmed engagement between the two sides.
Will a takeover ground EasyJet's ambitious green-hydrogen flight plans amid soaring fuel costs?
Is EasyJet worth more sold for its planes and airport slots than as a flying airline?