Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the works

US-based investment firm Castlelake confirmed it is in the 'early stages' of weighing up a potential takeover offer for budget airline easyJet following recent speculation

The Luton-based airline said it has not yet held discussions with, or had any takeover proposal, from Castlelake.

The budget airline said it is in a strong financial position