easyJet rejects takeover bid by Wizz Air

easyJet (UK) Airbus A320-214 G-EZWD (msn 5249) LGW (Richard Vandervord). Image: 954950.

easyJet has rejected a takeover bid by rival Wizz Air according to Bloomberg:

“EasyJet Plc rejected a takeover approach from Wizz Air Holdings Plc, according to people familiar with the plan, as its Hungarian discount rival sought to take advantage of a recovery in European flights.

The preliminary offer was conditional, all-stock and had a low premium, EasyJet said Thursday without naming the bidder. The U.K. carrier said the approach was rejected unanimously by its board and has been withdrawn.”

Top Copyright Photo: easyJet (UK) Airbus A320-214 G-EZWD (msn 5249) LGW (Richard Vandervord). Image: 954950.

easyJet (UK) aircraft slide show: