EasyJet to be acquired by US firm Apollo in £5.7bn deal

A no‑frills airline has signed an agreement to be acquired by U.S. investment firm Apollo Global Management after a competing bidder withdrew from the process. The transaction, announced on Tuesday, follows several weeks of negotiations and marks the latest consolidation move in the low‑cost carrier segment. While the purchase price has not been disclosed, both parties said the deal will be subject to customary closing conditions, including regulatory approvals and shareholder consent.

The exit of the rival suitor clears a major obstacle, allowing Apollo to proceed with its plan to restructure the airline’s operations and pursue growth opportunities. Industry analysts note that the acquisition could provide the carrier with additional capital and strategic resources, potentially enhancing its route network and cost structure. The companies expect the transaction to close later this year, pending the outcome of antitrust reviews and other required approvals.