On this week’s episode of AvTalk, we’re headed to Farnborough for an inside look at how the airshow comes together. From state of the art aircraft tracking technology to making sure all of the toilets are working, Farnborough International director of operations Ben Gleenson explains what it takes to make sure the biannual airshow goes off without a hitch. Also on this week’s episode, what we know so far about the crash of a K2 Airways Cargo 737 off the coast of Pakistan. Castlelake and easyJet agree in principle to an acquisition. A new report highlights long-term issues with French air traffic control — and Ryanair wastes no time seizing the moment to call for reform. And a look at SpiceJet’s operations reveals a much darker picture than we imagined. Helpful links for this week’s episode * Visit the Farnborough Airshow * K2 Airways 737 crash data * New automated live streams available on Flightradar24 Please check back soon for a transcript of this week’s episode.
The bidding war for easyJet has officially come to an end after US firm Apollo Global put in a £5.7 billion ($7.7 billion) bid for the British airline. This offer topped rival investment firm Castlelake’s £5.2 billion proposal that was previously agreed to ‘in principle’ by easyJet at the beginning of July. Founder of easyJet, […]
Travel Radar•Olivia Jarvis7 AugEasyJet has formally agreed to a £5.7bn take-over by US private equity firm Apollo Global Management, according to The Guardian. The airline confirmed on Thursday that it had accepted Apollo’s firm offer after rival bidder Castlelake withdrew from the race, ending the prospect of a bidding war. The deal values easyJet at £7.15 a share, […]
AviTrader•Heike Tamm7 Aug
Founder Stelios Haji-Ioannou backs £5.7 billion deal and will remain a long-term shareholder
Air Data News•Ricardo Meier6 Aug
easyJet has agreed to a £5.7 billion takeover by US private equity firm Apollo Global Management after rival group Castlelake withdrew from bidding.
AviationSource News•Len Varley6 AugAmerican asset management firm Apollo Global Management has agreed to acquire British low-cost carrier easyJet in a deal valuing the airline at approximately $7.7 billion, after rival bidder Castlelake withdrew from the takeover process. Under the terms of the agreement, easyJet shareholders will receive £7.15 per share, representing a 54% premium to the airline’s closing […]
Aviation24.be•André Orban6 AugApollo Global Management won easyJet. Castlelake withdrew from the bidding on August 6, without giving a specific reason, clearing the
Air Insight•Addison Schonland6 AugCastlelake, which was also in the running, withdrew its bid on Thursday.
AirlineGeeks•Zach Vasile6 Aug
Apollo outbid Castlelake and outstructured it. Its winning approach could become the blueprint for how overseas private equity acquires European airlines under strict local ownership rules.
Skift Airlines•Gordon Smith6 AugeasyJet Group, which includes UK Low Cost Carrier (LCC) easyJet (U2/EZY), has agreed a deal for its sale to Apollo after rival Castlelake pulled out of the bidding war. The sale, valued at £5.7bn (£7.15 per share), will see the US firm take control of the easyJet group which employs [read more]
UK Aviation News•Nick Harding6 AugApollo Global Management has agreed a recommended cash acquisition of easyJet valuing the low-cost carrier at approximately £5.7…
AeroTime•Clement Charpentreau6 Aug
easyJet has extended Castlelake's deadline to submit a takeover bid to 5.00pm 7 August, matching the deadline already set for potential rival bidder Apollo Global Management.
AviationSource News•Len Varley4 AugAviationNews – British low-cost carrier easyJet has set an identical deadline for Castlelake and Apollo Global Management to submit firm takeover offers, intensifying the competition...
A dramatic deadline day finale looms after easyJet extended the date at which potential owner Castlelake can make…
AeroTime•Ian Molyneaux3 AugA European Union official said the EU will review its airline ownership guidelines to prevent foreign investors from gaining control of airlines. This review comes during a bidding war for easyJet’s takeover between two U.S. investment firms, Castlelake and Apollo Global Management. Bidding for easyJet EasyJet dropped its support for Castlelake’s £5.5 billion offer in […]
Travel Radar•Jinnie Ye23 JulOn this week’s episode of AvTalk, a Ryanair (Malta Air) 737-800 suffers an uncontained engine failure after departing Thessaloniki, Greece, resulting in a shattered cabin window and a passenger partially sucked out of the cabin. We discuss the specifics on this accident and its similarities with Southwest 1380. German investigators release their preliminary report on the Lufthansa 787 that suffered a gear retraction last month in Frankfurt. In a first on Flightradar24, nine 7700 squawks happen near-simultaneously—we dig into what happened at Gatwick airport on Tuesday. And the bidding for easyJet heats up as Apollo Global Management bests Castlelake’s bid for the airline. Helpful links for this week’s episode * Ryanair uncontained engine failure * Southwest 1380 * Lufthansa 787 gear retraction in Frankfurt * Gatwick emergencies * easyJet bidders Please check back soon for a transcript of this week’s episode.
Flightradar24 Blog•Flightradar2417 JulIn a surprise takeover, U.S. private equity firm Apollo has gatecrashed the bid by rival Castlelake, already agreeing to key terms for a possible cash offer. This potential deal breaks down to 715 pence per share, swaying the support of easyJet’s board, who are likely to encourage shareholders to accept the bid. Apollo has outbid […]
Travel Radar•Zoe Weyrauch-Gosling14 Jul
Two major U.S. investment firms, Apollo Global Management and Castlelake, are now in a bidding battle to take over low-cost carrier easyJet. We look at what's driving the move.
AviationSource News•Len Varley13 JulThe carrier’s board endorsed the new offer on Friday.
AirlineGeeks•Zach Vasile13 JulUK low-cost carrier (LCC) easyJet (U2/EZY) has agreed in principle to another takeover bid from US company Apollo Global Management sparking a potential bidding war between them and US investment group Castlelake. easyJet says the new rivals offer delivers a “superior outcome” to investors in the group, which includes the [read more]
UK Aviation News•Nick Harding11 Jul
After a string of denied offers, it appeared that easyJet (U2/EZY) was edging closer to a takeover by Castlelake. But the story has since taken another turn, with Apollo Global Management also entering the race to acquire the British low-cost carrier. Why are US investment firms interested in easyJet? And how could a deal change […]
Flightradar24 Blog•Daniel Gustafsson11 Jul