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Apollo to acquire EasyJet for £5.7bn after Castlelake withdraws bid

US private equity firm Apollo agrees to buy European budget airline EasyJet after rival bidder Castlelake exits, with deal pending regulatory approval.

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“My family and I intend to remain invested as long-term major shareholders of EasyJet for the next chapter in the company's journey.”— Sir Stelios Haji-Ioannou · BBC
Apollo Acquiring firmCastlelake Former rival bidderSir Stelios Haji-Ioannou EasyJet founder and major shareholder+2
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