EasyJet has rejected a £4.7 billion takeover approach from US investment firm Castlelake, insisting the airline is not for sale and that the proposal significantly undervalued the business.
Castlelake, which holds just over 2% of the carrier, offered 625p per share—a premium on the current price but, according to the board, an opportunistic move shaped by short‑term market pressures. Two earlier bids of 560p and 600p were also dismissed.
The airline said the offer failed to reflect its medium‑term growth prospects, strengthened balance sheet and the control premium expected for a company of its scale. It also raised concerns about the proposed ownership structure, which would split control between Castlelake and an unnamed group of EU investors.
EasyJet pointed to a 46% rise in pre‑tax profit over the past two financial years and reaffirmed its ambition to deliver over £1 billion in profit, supported by the continued expansion of EasyJet Holidays.
Castlelake has until 26 June to decide whether to make a formal offer. For business travellers, the message is clear: EasyJet is prioritising stability, strategy and operational momentum over ownership upheaval.
