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Business EasyJet agrees in principle to a £5.2 billion Castlelake takeoverU.S. Getting a green card through marriage gets harder under new scrutinyBusiness Comcast's Sky strikes a deal to buy ITV's broadcasting armLos Angeles Four people shot in East L.A. after Mexico's World Cup eliminationWorld China test-fires a ballistic missile into the Pacific, drawing regional concernLos Angeles A Dodgers debut shadowed by tragedy as Eliezer Alfonzo plays through griefSports Bellingham drives England past host Mexico and into a quarterfinal with NorwayWorld Russian strikes on Kyiv kill at least 14 as Ukraine runs short of interceptorsBusiness EasyJet agrees in principle to a £5.2 billion Castlelake takeoverU.S. Getting a green card through marriage gets harder under new scrutinyBusiness Comcast's Sky strikes a deal to buy ITV's broadcasting armLos Angeles Four people shot in East L.A. after Mexico's World Cup eliminationWorld China test-fires a ballistic missile into the Pacific, drawing regional concernLos Angeles A Dodgers debut shadowed by tragedy as Eliezer Alfonzo plays through griefSports Bellingham drives England past host Mexico and into a quarterfinal with NorwayWorld Russian strikes on Kyiv kill at least 14 as Ukraine runs short of interceptors

Topic: castlelake

An easyJet Airbus A319.
Business
Monday, 7/6, 09:55 AM

EasyJet agrees in principle to a £5.2 billion Castlelake takeover

  • The British budget airline EasyJet has agreed in principle to a takeover by the U.S.
  • investment firm Castlelake that values the carrier at about £5.2 billion, roughly $7.3 billion, capping a rough stretch in which a spike in fuel costs pushed the airline deep into the red.
  • Investors cheered the news, but some doubt the deal will get done.

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