U.S. investment firm Castlelake is in the early stages of considering a takeover offer for easyJet plc. The airline's shares rose following the confirmation of interest. Castlelake has not yet submitted a formal proposal to the easyJet board.
Under U.K. takeover regulations, Castlelake must announce a firm intention to offer or withdraw by June 26. The firm maintains a history of investing across the aviation sector.
The potential bid follows a period of decline for the airline. easyJet shares have fallen by more than one-third over the past year. The company continues to navigate widening losses and increased market competition.