EasyJet Agrees To £5.7bn Takeover By US Firm

BBC World · world

UK budget airline EasyJet has agreed to be acquired by US firm Apollo for £5.7 billion. The deal comes after a rival suitor withdrew their interest in purchasing the company. This significant acquisition marks a major development in the aviation industry, potentially reshaping the competitive landscape for low-cost carriers. The transaction is expected to have implications for EasyJet's operations and future strategy.