Tag: EasyJet

EasyJet to Raise $1.7 Billion After Rejecting Takeover Bid

September 9, 2021
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LONDON—EasyJet has rejected a takeover offer and will instead raise $1.7 billion from shareholders to strengthen its position in a European market struggling to recover from the COVID-19 pandemic, the British airline said on Thursday. The low-cost carrier did not identify its suitor, but said the all-share approach fundamentally undervalued its business and the potential…

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UK Court Rules Government Acted Lawfully Over COVID Travel Rules

July 20, 2021
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LONDON—London’s High Court on Tuesday ruled that Britain acted lawfully over its so-called traffic lights system for travellers entering Britain in a case brought by Manchester Airports Group (MAG), backed by a number of airlines. While the court accepted part of the argument against the government, it did not find that the transport minister had…

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European Travel Demand Drives EasyJet Summer Comeback

July 20, 2021
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LONDON—EasyJet plans to fly 60 percent of its pre-pandemic capacity in July-September as a travel recovery takes hold in mainland Europe, and Britain is expected to catch-up in the coming weeks. The British airline said it was confident on demand for the summer and autumn, issuing its most buoyant update since the start of the…

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