EasyJet Weighs A £5.7 Billion Apollo Approach

easyJet said it agreed in principle to a takeover approach from Apollo Global Management totaling about £5.7 billion, priced at £7.15 per share. The airline framed the move as an “agreed in principle” statement, meaning talks are serious but not equivalent to a signed, fully financed deal. The proposal was discussed as London stocks were expected to open slightly higher. Under the suggested structure, Apollo would be seeking to improve easyJet’s profitability over time, potentially through tighter costs, improved use of aircraft, and adjustments to the route network, though the article focuses on what comes next rather than only the headline figure. Key details to watch include financing terms and what Apollo uncovers during its review.