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U.S.-based investment firm Castlelake is reportedly exploring a partnership with shipping and logistics giant MSC as it evaluates a potential takeover of British low-cost airline easyJet. The move is aimed at ensuring compliance with European Union ownership regulations if Castlelake proceeds with a formal offer. Reports suggest discussions are at an early stage, with MSC identified as a possible strategic partner due to its broad transportation and travel interests. A deal could create an integrated travel business spanning aviation, cruises, rail and holiday packages, expanding MSC's presence across the leisure travel sector.
U.S. investment firm Castlelake is reportedly considering teaming up with MSC, the world's largest shipping group, as it evaluates a potential takeover bid for British budget airline easyJet, according to a report by Italian newspaper Corriere della Sera.
The development comes after Castlelake disclosed in the past week that it was in the preliminary stages of assessing a possible offer for easyJet. The firm indicated that any potential bid would be above 403.23 pence per share. However, it has not approached the airline's board so far.
Under UK takeover regulations, Castlelake has until June 26 to either submit a formal offer or withdraw its interest.
According to the report, Castlelake is considering MSC as a consortium partner if it decides to move ahead with a bid. Sources familiar with the discussions indicated that the partnership could help satisfy European Union ownership requirements applicable to airlines operating within the region.
The report further stated that MSC's involvement remains a possibility and that the Swiss-based group has already been contacted regarding the proposal.
Founded and controlled by Italian billionaire Gianluigi Aponte, MSC has grown into a global transportation and logistics conglomerate. In addition to its dominant position in container shipping, the company operates logistics networks, port terminals, inland transport services and a major cruise business through MSC Cruises. The group also holds a 49% stake in Italo, one of Italy's leading high-speed rail operators.
Industry observers cited in the report suggested that combining MSC's existing travel and transportation assets with easyJet could create a more integrated leisure travel platform. Such a structure would allow the group to offer customers a range of services spanning flights, cruises, rail travel and holiday packages, resembling the business model used by TUI Group.
EasyJet has been expanding beyond its core airline operations in recent years. The carrier launched its holiday package division in 2019, allowing it to generate additional revenue from travel-related services while strengthening its presence in the leisure tourism market.
MSC declined to comment on the report, while easyJet and Castlelake were not immediately available for comment.
Source Reuters
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