UK's easyJet rises on Tradegate after warming to $7.3 billion Castlelake takeover

easyJet jumped on Tradegate after agreeing in principle to a takeover proposal from Castlelake, lifting sentiment around the UK budget airline. Shares rose 12% on Monday following the weekend announcement of a £5.5 billion ($7.34 billion) deal, as reported by Reuters. easyJet said it is ready to accept Castlelake’s increased bid of £6.90 per share, which could end prolonged negotiations and reshape Europe’s aviation landscape. The airline operates more than 350 aircraft across over 1,200 routes in 37 countries. The move marks a clear step toward a potential transaction at a time when carriers face demand uncertainty and fleet planning pressures. The exchange rate used in the report was $1 = £0.7496.