Castlelake and Apollo given same deadline to submit firm EasyJet offer

Investment firms Castlelake and Apollo have been granted the identical deadline of August 7th to present a definitive bid for UK budget airline EasyJet. This synchronized timeline adjustment follows an alignment between the two firms’ due diligence processes. Both investment groups are currently conducting thorough assessments of EasyJet as they prepare to formally propose their offers. The decision to standardize the submission deadlines underscores the urgency surrounding this potential acquisition. Flight Global reports that this move reflects the competitive interest in acquiring the prominent European low-cost carrier.