00:01EasyJet says that it has reached an agreement in principle over a possible takeover by the
00:06American investment firm Castle Lake, valuing the airline at around £5.2 billion. The Budget
00:13Airlines Board says that it would be minded to recommend the offer if a formal bid is made.
00:19Any deal still depends on receiving regulatory approvals, shareholder backing and also needs
00:25to meet all European airline ownership rules. Castle Lake has until the 3rd of August to confirm
00:32a firm offer or to walk away. EasyJet says that the proposed buyer supports its future growth,
00:38while passengers and staff await further details about what any eventual takeover could mean for them.
