easyJet Stock News

EasyJet's cabin crew in Portugal voted on ​Thursday to go on ‌strike between October 2 and 6 and again from December ​19 to 23 to ​protest poor working conditions, in ⁠a move likely to ground ​hundreds of flights at ​Portuguese airports, a spokesperson for the SNPVAC union said.

British budget airline ​easyJet is ‌being sued for at ​least $72 million ​by an Irish ⁠unit of ​Russian state-owned ​aircraft lessor GTLK for unlawfully ​abandoning six ​Airbus planes after ‌terminating ⁠their leases following sanctions, the Financial ​Times ​reported ⁠on Tuesday.

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EasyJet flight attendant staff ‌in France will go on strike on August 15 and August 16 to ​demand better working conditions, the SNPC-FO trade ​unions said in a statement on Wednesday.

Private equity buyers could launch further bids for European budget airlines, after Apollo said this week it would acquire EasyJet. Low cost carrier Jet2 could be a potential target, said Hargreaves Lansdown strategist Anna Macdonald.

Apollo will purchase the British airline for 7.15 pounds in cash per easyJet share, capping a weekslong bidding war with American private equity and aircraft leasing group Castlelake.

EasyJet shares rose Thursday afternoon after Apollo Global Management said it would buy the U.K. airline after private equity rival Castlelake announced it was withdrawing its bid. Castlelake last month unveiled an improved offer for the London-listed carrier, which was swiftly followed by a larger bid from Apollo.