EasyJet could emerge as a surprise takeover target in an expected further wave of consolidation in the European airline sector, Davy Stockbrokers has said.

A suspected Islamic extremist took drugs and drank alcohol before he took a soldier hostage at Paris' Orly Airport and was shot dead by her fellow patrolmen.

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French police have released the father of the Paris airport attacker, who was shot and killed while taking a soldier hostage.

A precedent may have been set for disputes in the low-cost airline sector today after British budget airline EasyJet was ordered to pay up to €1.5m.