What Happened
US Firms Compete for European Low-Cost Carrier
The battle for easyJet is nearing its conclusion, with Apollo and Castlelake competing for the European low-cost carrier. The deal, valued at up to $5.7 billion, has significant implications for the industry, including the potential for changes to European aviation’s ownership rules. easyJet’s fleet and order book are key assets, and the outcome may impact the carrier’s strategy and operations. The takeover saga was first reported by Aviation Business News.