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easyJet sets up dramatic deadline day finale for Castlelake and Apollo bids
['Ian Molyneaux', 'Emma Yates-Badley']
AeroTime
A dramatic deadline day finale looms after easyJet extended the date at which potential owner Castlelake can make an improved offer to takeover the low-cost carrier.
On August 3, 2026, easyJet extended Castlelake’s ‘put-up or shut-up’ deadline date to match with Apollo Management’s offer deadline.
London Gatwick AirportThe Apollo offer meant that shareholders would be entitled to receive $9.59 (£7.15) per easyJet share, while Castlelake only promised $9.26 (£6.90) per share.
By aligning the deadline, easyJet avoids any one bidder appearing to have an advantage in proceedings and effectively creates a level playing field as the matter reaches its conclusion.
“There can be no certainty that any firm offer will be made.