EasyJet's Bidding War Takes Off: What's at Stake for Japan Airlines? The recent developments in the bidding war for easyJet have left many in the industry perplexed. A £5.
7bn offer from US private equity firm Apollo has sent shockwaves through the market, with analysts scrambling to understand its implications for low cost carriers.
EasyJet's board appears to have made a U turn, recommending the Apollo offer after initially agreeing to accept a £6. 90 deal from Castlelake.