Overview
- Easyjet’s board has agreed in principle to recommend a cash offer from Apollo Global at £7.15 per share, replacing an earlier non‑binding agreement with Castlelake.
- Apollo’s price per share tops Castlelake’s £6.90 proposal and the board said Apollo’s offer gives shareholders a higher cash value, but no binding deal is yet signed.
- Any transaction still requires formal signed agreements, approval by Easyjet shareholders and scrutiny by competition and aviation regulators before it can complete.
- Key assets such as airport landing rights (slots) and the modern Airbus A320 fleet could be sold or reallocated by a new owner, which may affect services from Munich and planned links from Nuremberg.
- Easyjet has been shifting toward more premium routes and sought outside capital to fund that strategy, so investors’ plans for financing, ownership structure and partner arrangements will determine how the airline and its customers are affected.