Low-cost airline easyJet has reached a deal to be acquired by US-based private equity firm Apollo Global Management, in a move that could significantly reshape the European aviation landscape. The agreement comes after a rival suitor, reportedly a consortium of investors, dropped out of the bidding process. EasyJet's board of directors had been weighing multiple offers for the airline, but ultimately accepted Apollo's proposal, which is expected to provide a significant boost to the company's financial stability. As the UK's largest airline operator, easyJet's fate has been closely watched by industry insiders, and the acquisition is likely to have far-reaching implications for passengers, employees, and competitors alike.
The no-frills carrier agrees to be bought by US firm Apollo after a rival suitor drops out.
