What Happened
Private Equity Firms Weigh Acquisition Of UK Low-Cost Carrier
The future of EasyJet, a UK low-cost carrier, may become clearer in the coming days as deadlines approach for US private equity firms Apollo Global Management and Castlelake to make firm offers or withdraw. EasyJet is considered an attractive acquisition target, and the outcome of these negotiations could have significant implications for the European aviation market. According to Aviation Week, the decisions are expected to be made in early August, reported by Helen Massy-Beresford and Jens Flottau.