EasyJet takeover takes twist as Apollo looks to gatecrash deal

EasyJet's board said it would back Apollo's £7.15-a-share proposal, withdrawing support for Castlelake's £6.90-a-share offer, which the parties had agreed in principle only days earlier.
An EasyJet plane taking off from Liverpool Airport. US investment firm Apollo Global Managemen launched a £5.7bn (€6.74bn) bid for EasyJet on Friday, trumping a rival offer from Castlelake and setting up a potential takeover battle for one of Europe's biggest airlines.

An EasyJet plane taking off from Liverpool Airport. US investment firm Apollo Global Managemen launched a £5.7bn (€6.74bn) bid for EasyJet on Friday, trumping a rival offer from Castlelake and setting up a potential takeover battle for one of Europe's biggest airlines.

Fri, 10 Jul, 2026 - 15:41
Yamini Kalia, Joanna Plucinska, and Alessandro Parodi 

US investment firm Apollo Global Managemen launched a £5.7bn (€6.74bn) bid for EasyJet on Friday, trumping a rival offer from Castlelake and setting up a potential takeover battle for one of Europe's biggest airlines.

EasyJet's board said it would back Apollo's £7.15-a-share proposal, withdrawing support for Castlelake's £6.90-a-share offer, which the parties had agreed in principle only days earlier.

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