Air France-KLM Open to Joint Offer with Castelake for EasyJet
Air France-KLM CEO Benjamin Smith clarified on Sunday that the Franco-Dutch group is not currently involved in discussions about a potential acquisition of EasyJet by the American fund Castelake, but would remain open to a partnership proposal.
Speaking to Bloomberg TV from Rio de Janeiro, Benjamin Smith stated that if Castelake were to propose that Air France-KLM participate in an offer for EasyJet, the group would consider it. 'Certainly. Yes. And I would expect all our competitors to do the same,' said the executive. He described EasyJet as 'a very impressive airline' and highlighted its strategic positions at certain European airports such as Geneva and London-Gatwick, as well as its low market capitalization. Castelake announced at the end of May that it was considering a 'possible offer' for EasyJet, without any certainty about the actual submission of an offer or its amount.
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Air France-KLM already maintains a close commercial relationship with Castelake. The American fund is currently selling its shares in the Scandinavian airline SAS to the Franco-Dutch group, which is set to acquire the majority. 'It has gone well and it is still going well with them regarding SAS,' Benjamin Smith detailed. This operation is expected to receive regulatory approvals in 2026. In parallel, Air France-KLM is also participating in the privatization of TAP Air Portugal as a candidate for a stake acquisition.
SectorAéronautique / spatiale · Transports · Plateformes de voyage›Compagnies Aériennes
Context
Period
Period: 1T2026
Key reported figures
Revenue: 7479M€
EBITDA: 728 M€
Net income: -252 M€
Free cash flow: 732 M€
8026M€
Guidance from the release
Les résultats nets continuent d'être impactés par des charges élevées et des conflits.
Risks mentioned
Risque d'augmentation du prix du jet fuel en raison du conflit au Moyen-Orient.
Risque lié à l'impact des fluctuations de change sur l'endettement.
Risque d'une baisse de la demande en raison de la situation géopolitique.
Opportunities identified
Opportunité de hausse de tarifs suite à l'augmentation des prix du carburant.
Opportunité dans la collaboration avec Gategroup pour KLM Catering Services.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
