EasyJet’s board has surrendered too easily to US bidder
Summary
EasyJet’s board has agreed in principle to sell the airline to the US firm Castlelake for £5.5 billion, or 690p per share. Some people think the board gave up too quickly, while the airline has a solid profit plan and valuable assets that might help it increase its value on its own.Key Facts
- Castlelake, a US investment firm, made several offers to buy EasyJet, starting low and eventually reaching 690p per share.
- EasyJet’s board initially rejected lower offers, calling them undervalued.
- EasyJet made a 46% profit increase in two years, reaching £665 million by September 2025.
- The airline aims to exceed £1 billion in profits in the medium term, despite delays from the Iran conflict.
- EasyJet has a growing holidays business that is already profitable.
- Newer, fuel-efficient planes are expected to reduce costs and improve profits.
- EasyJet owns 208 aircraft and has valuable airport landing slots, which add to its overall value.
- EasyJet’s share price has fluctuated but was recently near 586p and could rise if plans succeed.
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