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A US firm wants to buy the airline EasyJet

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A new owner buys the airline EasyJet. The firm Castlelake from the USA wants to buy it. Castlelake offers 6 billion Euro for the shares. EasyJet says yes to this plan. EasyJet said no to 4 other plans.

The new firm helps EasyJet. They buy new planes. The planes save fuel. Castlelake has partners for the deal. One partner is Peter Bellew. He knows the firm very well.

Castlelake has time until August 3. The deal must be ready then. EasyJet is a big budget airline in Europe. It has many landing rights in big cities. Examples are London, Milan and Geneva. The family of the founder still has many shares.

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Definitions

Share
A share is a paper of value. If you buy a share, you own a part of a firm.
Airline
An airline is a firm. The firm owns planes. It moves people by air.
Landing right
A landing right is a permit. A plane can land at an airport with it.

People

Peter Bellew
Peter Bellew is an expert for flying. He was a boss at the airline EasyJet.
Stelios Haji-Ioannou
Stelios Haji-Ioannou is a famous business man. He started the airline EasyJet.

Locations

London
London is the capital of England.
Milan
Milan is a big city in Italy.
Geneva
Geneva is a city in Switzerland.

Sources

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EasyJet agrees to £5bn takeover by US investment firm

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Easyjet stimmt Übernahmeangebot von US-Investor zu

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EasyJet, buona la quinta: accettata “in linea di principio” l’ultima offerta di Castlelake

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