EasyJet weighs $7.7 billion rival takeover offer from Apollo amid Castlelake interest

AI Summary

A bidding war has erupted for the British low-cost carrier easyJet, with private equity firms Apollo and Castlelake submitting competing takeover offers valued around $7.7 billion. This activity is transforming the airline market and attracting major investor attention.

A bidding war has broken out for budget carrier easyJet after Apollo and Castlelake have both submitted takeover offers.