EasyJet has agreed in principle to a takeover offer from US investment firm Castlelake LP valuing the UK low-cost carrier at £5.2 billion, or £6.90 per share in cash. The agreement follows multiple previous offers and weeks of negotiations, and would take EasyJet private. The deal was reported on 5 July 2026.
The offer of £6.90 per share in cash represents the terms of Castlelake's fifth approach to EasyJet, according to reporting. The Guardian Business reported the transaction as valued at approximately £5 billion, with EasyJet described as the UK's largest low-cost carrier.
EasyJet's London-listed shares (EZJ) are directly affected by the cash offer of £6.90 per share, which sets a concrete reference price for the publicly traded stock. The transaction is structured as a full acquisition, meaning EZJ would be delisted if the deal completes.
Bloomberg Markets reported that EasyJet faces elevated jet fuel costs and weakened travel demand linked to geopolitical tensions in the Middle East as contextual factors surrounding the timing of the deal. No regulatory approval decisions or official government statements on the transaction have been reported in the cluster at this stage.
Sources: Bloomberg Markets, Guardian Business