Developing Update · Europe — Mobility: live coverage

EasyJet shifts support to Apollo after improved £5.7 billion takeover bid

The budget airline has withdrawn its support for a rival offer from Castlelake to pursue a new £5.7 billion proposal from US private equity firm Apollo.

By Europa Express 10 Jul 2026 · 07:00 CET Updated 10 Jul 2026 · 07:00 CET

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⚡ EXECUTIVE DISPATCH BRIEF Developing · Mobility

Core Briefing: EasyJet shifts support to Apollo after improved £5.7 billion takeover bid
Strategic Context: The budget airline has withdrawn its support for a rival offer from Castlelake to pursue a new £5.7 billion proposal from US private equity firm Apollo.
Fact Checking & Evidence: Documented status is developing across primary accredited European reporting wires and official filings.
Editorial Integrity: Independent coverage adhering to the Europa Express European Press Standards and source verification framework.

AI disclosure: Summarised from a single named source by an AI model with editorial rules; links to the original report.

EasyJet has announced it is backing a £5.7 billion takeover proposal from the US private equity firm Apollo. This decision marks a significant change in direction for the budget airline, which is now abandoning its support for a rival bid from the investment firm Castlelake. The move comes only days after the airline had initially agreed to the Castlelake offer.

According to Euronews, the board has pivoted to the Apollo bid, which is valued at approximately €6.6 billion. The airline has not provided further details regarding the collapse of the previous agreement, nor has it outlined a timeline for the finalisation of the new proposed transaction.

Source: Euronews. Read the original report ↗

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Source ledger

This brief is based on reporting by Euronews.

supports: Euronews ↗