Apollo Secures £5.7 Billion Deal for EasyJet

Jul 10, 2026

57 min

Jul 10, 2026 11:30

Apollo tops rival bid for EasyJet with £5.7b takeover offer

## Apollo's Winning Bid

EasyJet has accepted a £5.7 billion takeover offer from Apollo, a US private equity firm, surpassing a competing bid from Castlelake. This marks the beginning of a competitive bidding war for the British airline.

## Shareholder Benefits

The offer from Apollo, priced at £7.15 per share, was deemed superior by EasyJet's board compared to Castlelake's £6.90 per share proposal. This decision reflects the board's commitment to maximizing shareholder value.

## Strategic Interests

Apollo's interest in EasyJet is driven by the airline's promising growth in holiday packages, which offer higher margins and stable revenues. The firm has a history of investing in the aviation sector, with stakes in companies like Aeromexico and Sun Country Airlines.

## Regulatory Considerations

Due to UK and European regulations, neither Apollo nor Castlelake can fully own EasyJet. Apollo plans to partner with a European entity to comply with these rules, though details are yet to be disclosed.

## Market Reaction

Following the announcement, EasyJet's shares rose by 14.5% to £6.73, though still below the offer prices. Apollo has until August 7 to finalize its offer, while Castlelake's deadline is August 3.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents