EasyJet

Aviation

Apollo Global to Acquire easyJet for £5.7B.

EasyJet will be acquired by Apollo Global in a deal valued at around £5.70 billion ($7.7 billion), the firms announced on Thursday. Meanwhile, rival suitor Castlelake gave up on the acquisition. As the industry struggles with growing costs due to the Iran war, the transaction puts an end to months of uncertainty surrounding one of Europe’s largest low-cost airlines. The…