There are many things eye-catching about the proposed offer for easyJet by Castlelake, the Minnesota private equity company, not least that when you download the official statement detailing its £5.5 billion bid for the airline from Castlelake’s website, the PDF is entitled: “Project Citrus Draft Release”.
I love ludicrous M&A codenames. I can only presume this is a reference to easyJet’s orange branding and “Project Donald Trump’s Fake Tan” was deemed unsuitable. READ MORE