What happened
The Financial Times reports that private equity firm Castlelake is considering taking EasyJet private. Castlelake previously managed SAS during its bankruptcy and subsequent sale to Air France-KLM. EasyJet's stock has dropped 75% from its peak. Potential outcomes include continuing operations, selling to another airline like Air France-KLM or British Airways, or breaking up the company. Analysts note the fleet value exceeds market cap. Castlelake's interest may attract other bidders