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Apollo has agreed a £5.7bn deal to buy easyJet, sparking a takeover battle for one of Britain's biggest airlines

Apollo Global Management has made a 7.7 billion dollar bid for easyJet, potentially triggering a takeover battle with rival bidder Castlelake.

EasyJet's potential takeover by Castlelake is raising concerns among pilots about job security and future leadership of the budget carrier.

Shares in easyJet rose 10% in early trading after the British budget airline agreed in principle to a £5.5 billion takeover proposal from US investment firm Castlelake.

EasyJet shares surge over 10 percent after agreeing in principle to a takeover offer of more than five billion pounds from Castlelake.

Castlelake reaches agreement to acquire EasyJet for 6.90 pounds per share in cash.

EasyJet rejects a fourth sweetened $6.5 billion takeover proposal and grants Castlelake limited commercial data access to seek a higher bid.

EasyJet's market valuation is argued to be significantly lower than the value of its underlying assets according to a columnist's analysis.

EasyJet shares surged after the British budget airline announced it would consider any takeover proposal from US investment firm Castlelake, valuing the airline at around $4.5 billion.

EasyJet shares jump after the airline describes a possible US bid as highly opportunistic.

EasyJet shares expected to open two to seven percent higher as traders react to potential interest from investment firm Castlelake.

EasyJet says it has received no approach from Castlelake after reports of takeover interest in the British budget carrier.

In your airline space you have IAG down 4.4 percent, Air France down 4.4 percent. EasyJet down 3.4%. Airlines are highly sensitive to jet fuel prices. With oil surging and the prospect of a prolonged closure of the Strait of Hormuz, input costs will skyrocket. Simultaneously, consumer demand will wane as inflation acts as a tax on discretionary income. SHORT. The double whammy of surging operating costs and a squeezed consumer makes the travel and leisure sector highly vulnerable to margin compression. Government intervention to cap energy prices or a rapid resolution to the Middle East conflict bringing oil prices back down.