What Happened
Private Equity Enters Tier-One Low-Cost Carrier Market
The recent acquisition of easyJet by Apollo Global Management marks a significant shift in the European aviation market. The entry of major private equity into a tier-one low-cost carrier establishes a new precedent, moving the sector away from public market dependency. With Airbus A320neo family delivery delays and ongoing engine inspection programmes restricting capacity, private equity firms see LCCs as undervalued assets with strong cash-flow generation. The acquisition was reported by an unknown source.