Castlelake Aviation

EasyJet and Apollo Global Management have reached agreement on a £5.7 billion ($7.7 billion) deal to buy the UK LCC, after rival bidder Castlelake walked away.

The battle for EasyJet has intensified after U.S. private equity firm Apollo Global Management eclipsed rival bidder Castlelake with a $7.6 billion proposal.

A look at Castlelake’s interest in UK-based LLC easyJet.

EasyJet’s board has agreed in principle to the improved financial terms of the latest bid from U.S. investment firm Castlelake.

ATW editors discuss the move by a U.S. investment firm to acquire EasyJet.

EasyJet has rejected a third bid by Castlelake to acquire its share capital at £6.25, an offer the UK-based LCC said was an attempt to acquire it “on the cheap”.

Our roundup of the main aerospace and defense stories making the news this week.

EasyJet’s slots, fleet and network position, as well as a depressed share price, sparked Castlelake’s interest.

UK-based LCC easyJet could come under offer from Castlelake after the U.S. investment firm said it was considering a bid.

Airlines and lessors have at least one thing in common these days: unheard-of disruption as manufacturers fail to meet their delivery commitments.

Avolon will buy the aircraft leasing unit of alternative investment manager Castlelake for an undisclosed sum in a deal that will add 118 jets to its fleet.