EasyJet accepts takeover offer from Apollo, over Castlerock's bid

EasyJet has chosen a £5.7-billion takeover by U.S. private equity firm Apollo, beating out a rival bid from Castlelake. This decision marks a significant move in the budget airline industry, potentially reshaping its ownership and strategic direction. The move comes amid a competitive landscape where private equity firms are increasingly eyeing profitable yet vulnerable sectors, highlighting the broader trend of consolidation in the travel industry. This takeover could lead to significant operational changes and influence EasyJet's growth trajectory.