A rival American firm pulled out of the bidding for the British no-frills airline. Read more at straitstimes.com. Read more at straitstimes.com.

EasyJet shares tumbled Thursday after Castlelake said it would not be bidding for the U.K. airline.

De Amerikaanse investeringsmaatschappij Apollo Global Management neemt de Britse luchtvaartmaatschappij easyJet over voor 5,7 miljard pond (ruim 6,6 miljard euro). Apollo betaalt…

Two US private capital groups had vied to buy low-cost carrier