EasyJet Gets Rival Takeover Offer From Apollo

The brief update reports that Apollo, a U.S. investment firm, has moved into the easyJet bidding process with an agreement in principle to buy the low-cost airline. It frames the current airline context as driven by high fuel prices and softer passenger numbers, though it notes that Apollo is willing to proceed regardless of those pressures. The item is presented as part of Bloomberg UK’s breaking business coverage, implying it is a fresh development in the competition for easyJet. However, the provided text does not include the offer value, price per share, or timing details of Apollo’s proposal. It also does not specify whether the offer is cash or structured in another way. Additional terms would be needed to compare against existing bidders.