Apollo plans to accelerate EasyJet’s growth, especially its fast‑expanding holidays business.
EasyJet has been sold to Apollo Global Management in a £5.7 billion (€6.6 billion) takeover.
The deal was formally agreed on 6 August 2026, ending months of bidding competition and uncertainty for one of Europe’s biggest low‑cost airlines.
Key Facts About the Sale
Buyer: Apollo Global Management (US private equity firm).
Sale Price: £5.7 billion (€6.6 billion), or £7.15 per share.
Rival Bidder: Castlelake, which withdrew after multiple attempts.
Completion Timeline: Expected by Q1 2027.
Ownership Structure:
Apollo capped at 49.9% to comply with EU airline ownership rules.
An EU Trust will hold up to 5%.
Founder Stelios Haji‑Ioannou and family retain a significant stake.
Why the Sale Happened
EasyJet’s share price had been under pressure due to rising fuel costs and geopolitical instability.
Private equity interest surged as the FTSE 100 continues to trade at a discount compared to US markets.
Apollo plans to accelerate EasyJet’s growth, especially its fast‑expanding holidays business.
Market Reaction
EasyJet shares rose around 2.7% on the day of the announcement, closing at 670p, still below the offer price.
