EasyJet has agreed to be taken over in a £5.7bn deal by US firm Apollo. The deal was announced after rival suitor Castlelake said it was dropping out of the bid battle for the no-frills airline. EasyJet is one of Europe’s largest airlines. It employs more than 19,000 people, and flies around 1,200 routes across
No-frills airline EasyJet says it has accepted in principle a £5.7bn takeover proposal from US firm Apollo Management, just days after accepting an offer from a rival suitor. The Luton-based airline said Apollo’s bid delivered “a superior result” to investors than the previous offer from US investment firm Castlelake which EasyJet had also accepted in