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London, United Kingdom: British low-cost carrier easyJet has rejected a third takeover proposal from the U.S.-based investment firm Castlelake, prompting the investor to take its bid public days before a regulatory deadline that could determine whether a formal offer materializes. Castlelake's latest proposal values easyJet at approximately £4.7 billion ($6.3 billion), offering shareholders 625 pence per share in cash. The airline's board unanimously rejected the approach, describing it as "highly opportunistic" and stating that it "fundamentally undervalues easyJet and its medium-term prospects." The public disclosure marks a significant escalation in the takeover battle after weeks of private discussions and rejected proposals. According to documents released by both parties, Castlelake initially approached easyJet with a non-binding proposal of 560 pence per share. After that offer was rejected, the investment firm returned with a second proposal at 600 pence per share before ultimately increasing its offer to 625 pence per share. The latest proposal was submitted on June 20 and rejected by easyJet's board on June 21. Castlelake said it decided to go public because the airline had repeatedly declined to engage meaningfully with the firm despite multiple approaches. The company stated that the third proposal represented a substantial premium to easyJet's market value before takeover speculation emerged, arguing that shareholders should be given the opportunity to consider the proposal. In its response, easyJet said the proposal arrived during a period when the airline sector was facing temporary pressures linked to geopolitical instability and rising fuel costs. The board said, "It believes that the proposal is highly opportunistic and fundamentally undervalues easyJet and its medium-term prospects." The airline added that Castlelake's valuation relied heavily on short-term market conditions rather than the company's long-term earnings potential, strategic position, asset base and growth plans. Directors also raised concerns regarding what they described as an opaque acquisition structure, uncertainties surrounding future financing arrangements and questions about regulatory implementation. The board concluded that accepting the proposal would not be in the best interests of shareholders. Castlelake's proposal is structured as an all-cash offer for easyJet shares. The firm also included a partial alternative under which shareholders could elect to receive unlisted, non-transferable and non-voting equity interests in a Castlelake-controlled acquisition vehicle instead of cash for a portion of their holdings. According to disclosures, the proposed ownership structure would consist of: • 49% ownership by Castlelake funds. • 51% ownership by European Union nationals and other investors. The structure was designed to satisfy European airline ownership regulations, which require EU airlines to remain majority owned and controlled by EU interests. To achieve compliance, Castlelake partnered with former easyJet Chief Operating Officer Peter Bellew and aerospace executive Mark Breen, who would participate in the EU-controlled ownership arrangement. The investment firm said the structure had been specifically designed to preserve easyJet's European operating rights and regulatory approvals. easyJet, however, expressed reservations about the proposed arrangement. The airline said the structure lacked transparency and created uncertainty over who would ultimately exercise control over the carrier. The board also questioned how the ownership model would operate in practice and whether it would satisfy regulatory requirements across the jurisdictions in which easyJet operates. Castlelake rejected those concerns and said its proposal was fully compliant with applicable regulations. The investment firm stated that it had no intention of dismantling easyJet's operations and instead sought to support future growth. Castlelake said the proposed acquisition would be funded through a combination of equity and debt financing. The company disclosed that Goldman Sachs had indicated its ability to arrange the required debt facilities. The firm added that the proposal was expected to be fully funded if a formal offer proceeded. Castlelake currently manages approximately $36 billion to $38 billion in assets globally and has extensive experience investing in aviation-related businesses. Its previous aviation investments have included Scandinavian Airlines (SAS), while it has also explored opportunities involving U.S.-based carriers. Under the UK Takeover Code, Castlelake has until 5:00 p.m. on June 26, 2026, to either: • Announce a firm intention to make an offer for easyJet; or • Confirm that it does not intend to proceed. Any extension would require approval from the UK Takeover Panel. As of the latest disclosures, Castlelake stressed that no formal offer had yet been made and that there remained no certainty a definitive bid would ultimately emerge. Several major shareholders appear unconvinced that the current offer adequately reflects easyJet's value. According to reports, investors believe meaningful engagement would likely require a proposal of at least 700 pence per share, implying a valuation exceeding £5.3 billion. That figure would be roughly £600 million higher than Castlelake's current proposal. Investors point to easyJet's extensive aircraft fleet, valuable airport slots, strong balance sheet and rapidly expanding holidays division as reasons the airline should command a higher valuation. The airline has repeatedly highlighted its medium-term growth plans as justification for rejecting the proposal. easyJet believes investments in newer, more fuel-efficient aircraft, operational improvements and expansion of its holidays business could support significantly higher profitability in coming years. The company has previously outlined ambitions to generate annual profits approaching £1 billion over the longer term. Management argues that the current proposal fails to capture the value of those future earnings opportunities. Market attention has increasingly focused on easyJet founder Sir Stelios Haji-Ioannou, whose family retains approximately a 15% shareholding in the airline. While Castlelake's proposal includes mechanisms that could appeal to long-term investors, Haji-Ioannou has not publicly indicated whether he supports or opposes the bid. For now, easyJet's board remains firmly opposed to the proposal, maintaining that the airline's long-term value, growth prospects and strategic position justify a substantially higher valuation than the one currently on the table.

EasyJet Rejects Third £4.7 Billion Takeover Bid From US Based Castlelake Firm

Aviation Today News Desk / June 23, 2026

London, United Kingdom: British low-cost carrier easyJet has rejected a third takeover proposal from the U.S.-based investment firm Castlelake, prompting […]

Tokyo, Japan: A British Airways flight preparing to depart Tokyo Haneda Airport for London Heathrow was forced to return to its parking stand on Thursday, June 18, after a passenger's smartphone caught fire while the aircraft was taxiing for takeoff. According to Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT), smoke was reported from the cabin at approximately 1:10 p.m. local time. The aircraft was operating a scheduled British Airways service from Tokyo Haneda Airport (HND) to London Heathrow Airport (LHR). Japanese transport officials said the smartphone is believed to have belonged to a passenger. Cabin crew responded immediately and extinguished the fire using onboard firefighting equipment before airport emergency personnel became involved. The aircraft returned to its stand where firefighters and airline personnel carried out safety inspections. No injuries were reported among the 211 passengers and crew members on board. Authorities said the incident occurred while the aircraft was taxiing for departure and had not yet taken off. Following inspections and confirmation that the situation was under control, the flight later departed after a delay of approximately one hour. The event marks the second British Airways lithium-battery-related cabin fire incident reported within days. On June 15, British Airways Flight BA271 from London Heathrow to Las Vegas experienced a cellphone fire while crossing the Atlantic. Air traffic control recordings captured the crew reporting that the device had "scorched the inside of the cabin," although the fire was quickly contained. The Boeing 787-9 landed safely at Harry Reid International Airport in Las Vegas and no injuries were reported. Airlines and regulators have increasingly strengthened guidance on the carriage and handling of lithium battery-powered devices following a growing number of onboard battery-related incidents in recent years. Japanese authorities have not released additional details regarding the smartphone involved, including its manufacturer or model, and no investigation findings have yet been announced.

Incidents

Passenger Smartphone Fire Forces British Airways Flight Back To Parking Stand In Tokyo

Aviation Today News Desk / June 19, 2026

Tokyo, Japan: A British Airways flight preparing to depart Tokyo Haneda Airport for London Heathrow was forced to return to

New York, United States: A Delta Air Lines Airbus A321neo landed safely at New York’s John F. Kennedy International Airport (JFK) on June 16 after reports of a possible nose-wheel tire issue prompted a large-scale emergency response from airport and city authorities. Delta Flight 1966 was operating a scheduled service from San Juan, Puerto Rico, to New York-JFK when concerns emerged regarding the aircraft’s nose landing gear during its approach into the airport. Initial reports received by emergency responders indicated that the inbound aircraft may have been experiencing issues involving its front tires, leading authorities to prepare for a potential emergency landing. According to the New York City Fire Department (FDNY), a call was received at approximately 4:45 p.m. local time reporting that the aircraft had "two flat front tires." In response, the department initiated a precautionary second-alarm standby deployment, dispatching 46 units and 141 fire and emergency medical personnel to JFK Airport. The aircraft, an Airbus A321neo operated by Delta Air Lines, was carrying 170 passengers along with six crew members, consisting of two pilots and four flight attendants. Flight tracking data shows the aircraft landed safely at JFK at approximately 5:31 p.m. local time. Emergency vehicles were positioned alongside the runway as a precaution while the aircraft completed its landing. Following touchdown, the aircraft remained under observation before being cleared to continue taxiing to the terminal. The aircraft was subsequently escorted to Terminal 4, where it arrived without incident. No injuries were reported among passengers or crew. Following the landing, Delta Air Lines clarified that the situation was less severe than initially reported. The airline stated that maintenance inspections identified damage and tread wear to one tire rather than multiple flat or blown tires. "There was some damage to one tire, but not a major situation given the maintenance team determined the aircraft was suitable to continue taxiing over to the gate for the tire replacement rather than having to do so on the taxiway," Delta said in a statement. The airline added that the aircraft was able to taxi under its own power and that the emergency response proved largely precautionary. Video footage captured by local news helicopters after the landing appeared to show the aircraft’s nose-wheel tires still inflated, further supporting Delta’s assessment that the tire had sustained damage rather than a complete failure. No evacuation was required, and passengers disembarked normally after arrival. Delta has not indicated any further operational impact resulting from the incident. The circumstances surrounding the tire damage have not been publicly disclosed, and there has been no indication of any broader safety issue involving the aircraft.

Incidents

Delta Lands Safely At JFK After Tire Damage Report Triggers Major Emergency Response

Aviation Today News Desk / June 18, 2026

New York, United States: A Delta Air Lines Airbus A321neo landed safely at New York’s John F. Kennedy International Airport

United Kingdom

UK Launches £219 Million Fund To Boost Sustainable Aviation Fuel Production Growth

Aviation Today News Desk / June 18, 2026

London, United Kingdom: The UK government has unveiled a new £219 million Low Carbon Fuels Fund (LCFF) aimed at accelerating

EASA

EASA Report Exposes Safety Reporting Divide And Rising Aircrew Fatigue Concerns

Aviation Today News Desk / June 13, 2026

Cologne, Germany: Europe’s aviation safety system remains fundamentally strong, but a newly published report by the European Union Aviation Safety

New Delhi, India: Thousands of aviation employees at SpiceJet, including a significant number of pilots, continue to face salary delays stretching back several months as the financially troubled airline seeks emergency government-backed funding to stabilize operations and restore cash flow. According to internal communications reviewed by Reuters, many SpiceJet pilots have not received full salary payments since March 2026, highlighting the severity of the airline's ongoing liquidity challenges. The issue has sparked growing concerns among employees, some of whom reportedly struggle to meet daily expenses and financial commitments. SpiceJet employed approximately 375 pilots as of March 2026, and internal discussions reviewed by Reuters indicate that salary payments have remained pending for several months for many of them. Communications from a pilots' WhatsApp group involving more than 180 members revealed growing frustration over delayed wages. In one message dated May 26, SpiceJet's Senior Vice President of Flight Operations, Virendra Malhotra, acknowledged the difficulties faced by employees due to delayed salary disbursements and indicated that the remaining portion of February salaries would be released shortly. Pilots subsequently sought clarity regarding payments for March, April, and May salaries, which remained outstanding at the time. Several employees reportedly stated that delayed payments had created financial hardship, forcing some to seek assistance from family members and friends to manage essential expenses. SpiceJet acknowledged that salary disbursements had been delayed but stated that employee payments were being released in phases. According to the airline, a majority of employees had already received March salaries, while efforts continued to clear outstanding dues. The carrier maintained that employee payments remained a priority and that all obligations would be honored. As it attempts to navigate the crisis, SpiceJet is actively pursuing funding under India's Emergency Credit Line Guarantee Scheme (ECLGS). The government-backed program allows eligible airlines to access seven-year guaranteed loans of up to ₹1,500 crore ($157.2 million USD). Reports also indicate that SpiceJet has sought additional funding of approximately ₹2,000 crore ($210 million USD) under the scheme as it attempts to strengthen liquidity and support day-to-day operations. The airline said it expects business conditions to normalize over the coming months and described the funding effort as part of broader measures aimed at restoring operational stability. SpiceJet's current financial stress stems from a combination of long-term and recent challenges. The airline was India's second-largest domestic carrier in 2019, commanding roughly 15% of the market. However, its market share has since declined dramatically to approximately 3.4%, placing it fourth among Indian airlines.. The airline has reported annual losses almost every year since 2019, with the exception of FY2024-25, when it posted a small profit largely driven by one-time gains from settlements with aircraft lessors. SpiceJet currently operates an active fleet of approximately 21 aircraft. The carrier declined scheduled flights from 4,494 flights in January 2026 to 3,053 flights in May 2026, according to aviation analytics firm OAG. The airline's financial struggles have also weighed heavily on investor confidence, with its share price reportedly falling around 60% during 2026. At least two aircraft lessors have reportedly issued payment default notices to the airline this year, reflecting continuing concerns about its financial position. Despite the challenges, SpiceJet has taken steps to expand available capacity. The airline recently returned a Boeing 737 MAX aircraft to commercial service and finalized lease arrangements for three Airbus A320 aircraft scheduled to join the fleet in July. Management says the additional aircraft are intended to help meet passenger demand and support operational recovery.

Airlines

SpiceJet Employees Face Months Of Salary Delays As Airline Seeks Emergency Funding

Aviation Today News Desk / June 12, 2026

New Delhi, India: Thousands of aviation employees at SpiceJet, including a significant number of pilots, continue to face salary delays

Emirates

Emirates’ President Says European Airlines Shouldn’t Bet On Gulf Carrier Weakness

Aviation Today News Desk / June 10, 2026

Berlin, Germany: Emirates President Sir Tim Clark has declared that the Dubai-based carrier will rebound “hard and fast” from the

Germany

Germany Unveils 15-Year Aviation Strategy To Boost Competitiveness And SAF Use

Aviation Today News Desk / June 10, 2026

Berlin, Germany: Germany is preparing to launch an ambitious 15-year aviation strategy aimed at restoring the country’s competitiveness as a

New Delhi, India: Air India has referred a passenger to its internal committee for possible inclusion on the airline's no-fly list after he allegedly damaged an aircraft window during a domestic flight from Chandigarh to Delhi. The incident occurred onboard Air India flight AI1879 on June 7 while the aircraft was preparing to land in Delhi. According to airline and airport officials, the passenger broke the inner pane of a cabin window despite repeated warnings from the crew during the flight. Officials familiar with the matter said cabin crew members issued multiple verbal and written warnings after noticing the passenger's behaviour. However, the passenger allegedly ignored the instructions and continued the actions that ultimately resulted in damage to the inner window pane. Following the incident, the cockpit crew implemented standard operating procedures and informed security personnel at Delhi airport before arrival. After the aircraft landed safely, the passenger was handed over to airport security and other concerned authorities for further action. Confirming the occurrence, Air India said flight AI1879 landed safely in Delhi and that the airline's established procedures for handling disruptive passengers were followed throughout the event. The airline stated that the cockpit crew reported the matter to the security team after issuing warnings to the passenger and emphasized that the safety of passengers, crew members and the aircraft was never compromised at any stage of the flight. Air India further said the passenger was transferred to security agencies upon arrival and that the incident had been reported to the aviation regulator. Reiterating its policy on onboard misconduct, the airline stated that it maintains zero tolerance toward behaviour that could affect the safety and security of passengers, crew or aircraft operations. According to airport officials, the passenger initially displayed an aggressive attitude and remained dismissive of repeated instructions from cabin crew members. However, officials said he began repeatedly apologising after being handed over to security personnel following the flight's arrival in Delhi. The passenger has been identified only as a resident of Patna, with authorities withholding further personal details. The case has now been referred to Air India's internal committee, which will determine whether the individual should be officially classified as an unruly passenger under India's Civil Aviation Requirements (CAR). The committee will also decide whether a flying ban should be imposed. Under the Directorate General of Civil Aviation's 2017 regulations governing unruly passenger behaviour, airlines must refer such incidents to an internal committee that is required to reach a decision within 30 days. Pending the committee's findings, an airline may impose a temporary flying ban of up to 30 days. Depending on the severity of the offence, passengers found guilty of disruptive conduct may face longer restrictions under the DGCA's no-fly framework. Authorities have not disclosed the reason behind the passenger's actions, and no evidence has emerged suggesting any broader security threat to the flight. The matter remains under review and further action will depend on the findings of Air India's internal committee.

Incidents

Air India Flyer May Face No-Fly Ban After Damaging Window On Chandigarh-Delhi Flight

Aviation Today News Desk / June 10, 2026

New Delhi, India: Air India has referred a passenger to its internal committee for possible inclusion on the airline’s no-fly

Belgrade, Serbia: Low-cost carrier Wizz Air has launched an unprecedented public attack on Serbian authorities, alleging that newly adopted aviation regulations are designed to force the airline to shut down its Belgrade base from November 2026, a move it says would violate European aviation agreements, reduce competition, and threaten jobs. In a strongly worded statement released on June 3, Wizz Air claimed that Serbian authorities are attempting to introduce measures that would effectively prevent foreign airlines from maintaining base operations in the country unless they are Serbian operators. The airline argues that the changes amount to a protectionist policy intended to shield state-backed national carrier Air Serbia from competition. According to Wizz Air, the proposed measures would make it impossible for the airline to continue operating its Belgrade base under its current business model despite having maintained a presence in Serbia for more than 15 years. The airline said it has invested hundreds of millions of euros in Serbia since launching operations in 2010 and has carried more than 14 million passengers to and from the country. Wizz Air currently operates 29 routes linking Belgrade with 26 destinations across 10 countries and maintains one of the largest low-cost carrier networks in the Serbian market. Wizz Air warned that the closure of its Belgrade base would result in the loss of more than 150 direct jobs while also impacting thousands of positions indirectly supported through tourism, hospitality, airport services, and related sectors. The carrier further argued that Serbian travelers would face fewer direct flight options, reduced connectivity, diminished consumer choice, and potentially higher airfares if the measures are implemented. "The measures they plan to use against Wizz Air are illegal," the airline's Chief Corporate Officer, Owain Jones, said in comments accompanying the statement. He accused Serbian authorities of engaging in discriminatory practices and called for the preservation of fair and transparent market conditions for all airlines operating in the country. Central to Wizz Air's argument is the European Common Aviation Area (ECAA) Agreement, often referred to as the "Open Skies" framework, which provides participating countries and airlines with market access rights and seeks to ensure fair competition across European aviation markets. The airline contends that the Serbian government's actions represent a direct breach of the country's obligations under the ECAA Agreement and undermine principles designed to foster competition and connectivity within Europe. Wizz Air has urged Serbian authorities to withdraw the measures and has called on European institutions to intervene. The carrier said it expects Serbia, as an EU candidate country and signatory to international aviation agreements, to uphold its commitments and ensure equal treatment for all operators. The dispute comes at a time of intensifying competition between Wizz Air and Air Serbia at Belgrade Nikola Tesla Airport. Over the past year, both airlines have expanded their networks and increasingly launched competing services on several routes from the Serbian capital. Serbian authorities, however, have rejected Wizz Air's allegations. The Civil Aviation Directorate of the Republic of Serbia has stated that the newly adopted rulebook does not revoke any airline's traffic rights and applies equally to all carriers operating in the country. Officials maintain that the changes are regulatory in nature and do not prevent foreign airlines from serving Serbia or opening new routes in accordance with existing international agreements. Despite those assurances, questions remain over whether foreign carriers will be able to continue maintaining aircraft bases in Serbia under the revised framework. For now, Wizz Air says it remains committed to its Serbian operations and passengers but warns that unless the measures are reversed, its Belgrade base could face closure later this year, potentially reshaping the competitive landscape at one of the Balkans' fastest-growing aviation hubs.

Airlines

Wizz Air Threatens Belgrade Base Exit, Accuses Serbia Of Protecting Air Serbia

Aviation Today News Desk / June 9, 2026

Belgrade, Serbia: Low-cost carrier Wizz Air has launched an unprecedented public attack on Serbian authorities, alleging that newly adopted aviation

airline industry

EasyJet Rejects Third £4.7 Billion Takeover Bid From US Based Castlelake Firm

Passenger Smartphone Fire Forces British Airways Flight Back To Parking Stand In Tokyo

Delta Lands Safely At JFK After Tire Damage Report Triggers Major Emergency Response

UK Launches £219 Million Fund To Boost Sustainable Aviation Fuel Production Growth

EASA Report Exposes Safety Reporting Divide And Rising Aircrew Fatigue Concerns

SpiceJet Employees Face Months Of Salary Delays As Airline Seeks Emergency Funding

Emirates’ President Says European Airlines Shouldn’t Bet On Gulf Carrier Weakness

Germany Unveils 15-Year Aviation Strategy To Boost Competitiveness And SAF Use

Air India Flyer May Face No-Fly Ban After Damaging Window On Chandigarh-Delhi Flight

Wizz Air Threatens Belgrade Base Exit, Accuses Serbia Of Protecting Air Serbia

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