Luton-based low cost carrier easyJet say it has reached an 'agreement in principle' with an American investment giant

Luton-based low cost carrier easyJet say it has reached an 'agreement in principle' with an American investment giant

A bidding war has broken out for budget carrier easyJet after Apollo and Castlelake have both submitted takeover offers.

US private equity firm Apollo has made a higher offer for EasyJet. This new bid surpasses Castlelake's previous proposal for the British airline. EasyJet's board now favors…