US private equity firm Apollo enters bidding war for easyJet with £5.7bn offer

EasyJet's board is considering a £5.7bn all-cash offer from US private equity firm Apollo, sparking a bidding war after they initially accepted a rival offer from Castlelake. This move signals a significant potential shake-up in the low-cost airline industry, as Apollo's bid could reshape easyJet's future strategy and operations. The outcome of this bidding war will have broader implications for private equity's role in the aviation sector and could set a precedent for future acquisitions in the industry.