US investment firm Castlelake is moving to acquire British budget airline EasyJet in a transaction valued at £5.5 billion.
The deal marks the end of the carrier's 31-year history as a publicly traded company and represents a significant shift in the European aviation landscape.
5 billion reflects the culmination of negotiations between the parties.
The agreement in principle will see the UK's biggest low-cost carrier taken private.
This development follows a protracted takeover saga, with EasyJet's board having previously reached an agreement to sell the airline to the US private equity firm in a deal initially valued at £5 billion.
The final figure of £5.5 billion reflects the culmination of negotiations between the parties.
The acquisition removes a major player from the public markets, altering the competitive dynamics for listed European airlines.