What Happened
Apollo Global Management Acquires Low-Cost Carrier
easyJet is set to become a private equity-owned company after its board unanimously recommended Apollo Global Management’s £5.7 billion takeover offer. The deal marks a significant shift in the airline’s ownership structure and may alter its strategic incentives. Founder Sir Stelios Haji-Ioannou has endorsed the transaction, citing Apollo’s commitment to the easyJet business model. The acquisition is subject to regulatory approval and is expected to be completed by the end of the first quarter of 2027, as reported by Aviation Business News.