finance
Apollo secures $7.6 billion easyJet acquisition as rival withdraws
Apollo Global Management has successfully negotiated a $7.6 billion cash acquisition of European low-cost giant easyJet, finalizing the deal shortly after a competing investment firm dropped its bid. The buyout features a specialized ownership structure designed to keep the airline compliant with strict European Union foreign control regulations. For commercial aviators, the firm's pledge to maintain the carrier's existing operating certificates and headquarters signals near-term stability for current crew bases and pilot seniority lists.