Apollo Agrees to Buy easyJet After Castlelake Exit
Summary
Apollo Global Management has agreed to acquire easyJet after Castlelake exited the ownership process. The deal would give the British low-cost carrier a new financial sponsor and mark a major change in control.
Apollo's agreement changes easyJet's strategic options by placing the airline under an owner known for
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A new owner could accelerate changes at easyJet as European airlines face pressure from costs, capacity, and intense fare competition.