EasyJet Rejects Unsolicited Preliminary Takeover Approach

The video discusses EasyJet's recent share sale and an unsolicited takeover approach. While the share sale was anticipated, the takeover bid was unexpected. The board rejected the bid, considering it too low, and the market focused more on the share sale. EasyJet aims to raise funds to strengthen its balance sheet, depleted by the pandemic. The airline industry is recovering, with short-haul flights leading the way. EasyJet, along with other airlines, is well-positioned to capitalize on this recovery.

What was the unexpected news regarding EasyJet that accompanied the share sale announcement?

• A partnership with another airline

• A takeover approach

• A major route expansion

• A new CEO appointment

Why is EasyJet considered an attractive business for potential buyers?

• It has a monopoly in the UK

• It has a strong presence in the US market

• It has valuable slots across Europe

• It recently acquired a competitor

What was the board's response to the takeover offer for EasyJet?

• They rejected the offer

• They proposed a merger instead

• They requested more time to decide

• They accepted the offer

How has EasyJet been raising funds during the pandemic?

• By increasing ticket prices

• Through government loans

• By selling aircraft

• Through equity issuance

What type of flights are recovering first in the global airline industry?

• Cargo flights

• Charter flights

• Short-haul flights

• Long-haul flights