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…
UK Court Rules Government Acted Lawfully Over COVID Travel Rules
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…
European Travel Demand Drives EasyJet Summer Comeback
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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