Why Britain can't afford to lose easyJet

EasyJet has put up a good fight. Over the past two months, its board has turned down a series of higher and higher offers from Castlelake, a US investment firm with more than $25 billion in assets. On Monday, it finally blinked. The board said it was minded to accept the latest £5.2 billion offer, and serious negotiations will now start to tie up the sale.There are still obstacles. Castlelake needs to find a way of complying with EU rules that state that airlines based on the continent hav