Some interesting movements in the low-cost charter sector, as 𝐄𝐚𝐬𝐲𝐉𝐞𝐭 just rejected a takeover approach from 𝐖𝐢𝐳𝐳 𝐀𝐢𝐫 that would have created a low-cost airline to rival 𝐑𝐲𝐚𝐧𝐚𝐢𝐫.

Instead, the company opted to raise $1.7bn from existing shareholders and go alone as the industry battles to recover from the pandemic.

With the funds Easyjet plans to buy new airport slots.

So far shares are down 10%, but this reflects more the discount of the capital raise, rather than necessarily negative investor sentiment.

Curious to see how this evolves!