EasyJet expects Apollo Global Management takeover to close early 2027
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EasyJet Group said its £5.7 billion acquisition by Apollo Global Management is on track to be completed in early 2027, after Apollo agreed in August 2026 to buy the airline following the withdrawal of rival bidder Castlelake; the scheme document will be published on 15 October and the airline will keep its existing name, with founder Stelios Haji‑Ioannou retaining a board role after completion.
The transaction must be structured to meet England and European ownership and control rules, and EasyJet is cutting up to 700,000 seats this winter because of rising fuel costs, adding to a previous reduction of about 700,000 seats.