US fund Apollo wins bid for EasyJet with $7.7 billion offer

The US private equity firm Apollo Global Management has acquired the British low-cost airline easyJet in London. The deal was finalized after competing firm Castlelake withdrew its rival bid, leaving Apollo to succeed in the takeover.

While varying slightly across reports, the transaction is valued at approximately 5.7 billion pounds, roughly equivalent to 7.66 billion to 7.7 billion US dollars. The acquisition marks a significant consolidation in the European aviation sector as travel markets continue to navigate post-pandemic restructuring.