EasyJet has rejected a takeover approach and announced plans to raise £1.2bn from shareholders to help its recovery from the pandemic.
The airline said the unsolicited bid undervalued the company and the unnamed suitor was now no longer interested.
EasyJet’s boss said the share sale would enable the firm “to accelerate our post‐Covid‐19 recovery plan”.
The airline has raised billions during the pandemic, having been affected by Covid-related travel restrictions.
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