easyJet has described a possible takeover bid by Castlelake as “highly opportunistic” after news broke of the US investor’s interest in the low-cost carrier.
On June 1, 2026, easyJet acknowledged that it was aware of an announcement made by Castlelake that it is in the early stages of considering a possible offer for the airline.
However, the carrier added that as yet its board has not had “any discussions with, nor received any approach or proposal from Castlelake”.
As speculation arose last week of a possible offer for easyJet by Castlelake, the US firm issued a statement on May 31, 2026, confirming that a possible offer was on the cards.
“No approach has been made to the Board of easyJet. There can be no certainty that any offer will be made, nor as to the terms of any offer,” Castlelake said.
In its response, easyJet said that it is “clear in its duty of aiming to maximize shareholder value and will consider any proposal, should one be made”.
“In any assessment, the Board will be especially mindful of its valuation and deliverability,” easyJet said.
‘The Board notes the highly opportunistic timing’
easyJet stated: “The Board notes the highly opportunistic timing when easyJet’s share price is temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices.”
In its press release, the European airline reaffirmed its credentials, highlighting its position of strength, “underpinned by an investment grade balance sheet with a net cash position, alongside strong customer satisfaction and high employee engagement”.
“The Board remains highly confident in easyJet’s strategy and its ability to deliver attractive long-term value for shareholders. The Company remains focused on executing its medium-term target of delivering greater than £1 billion profit before tax,” easyJet added.
According to the Financial Times, easyJet shares have fallen by 20% since the beginning of the year with the company’s value now standing at $4.04 billion (£3 billion).
Earlier this year, it was reported that Spirit Airlines was in talks with Castlelake over a potential takeover, before the low-cost carrier eventually folded.
