EasyJet lures takeover interest as investors spot a bargain

Budget airline easyJet EZJ.L, founded by British-Cypriot entrepreneur Stelios Haji-Ioannou, has caught the eye of U.S. investment firm Castlelake for a possible takeover.

While easyJet has called the timing “highly opportunistic”, analysts say its low valuation, slots at key airports and stable fleet make it a prime takeover target as it has struggled to boost its market capitalisation since the COVID-19 pandemic....