# easyJet swerves and picks Apollo over Castlelake

Canonical-URL: https://notitur.com/en/digest/easyjet-apollo-takeover-offer-2025
Text-Version: https://notitur.com/en/digest/easyjet-apollo-takeover-offer-2025.txt
Markdown-Version: https://notitur.com/en/digest/easyjet-apollo-takeover-offer-2025.md
Language: en
Published: 2026-07-10T08:46:01.293Z
Modified: 2026-07-10T08:46:01.293Z
Author: Joan Sanz
Topics: Investment & M&A
Summary: easyJet accepts Apollo's £5.7 billion offer after turning down Castlelake. The deal has until August 7 to become firm.

## Article

Just a few days ago it looked like **Castlelake** had the deal in the bag, but easyJet has made a sharp U-turn and accepted a proposal from **Apollo Management** worth **£5.7 billion** (€6.669 billion).

The London-Luton-based carrier announced on Friday that it prefers Apollo's offer, although the transaction is not final: the fund has until **August 7** to submit a binding bid, as reported by [Hosteltur](https://www.hosteltur.com/177417_giro-de-timon-en-easyjet-rechaza-a-castlelake-y-acepta-una-propuesta-del-fondo-apollo.html).

What does this mean for the travel industry? It confirms the strong investor appetite for low-cost carriers with solid balance sheets. easyJet has become a hot target, and this bidding saga is far from over.

## Sources

- Hosteltur: https://www.hosteltur.com/177417_giro-de-timon-en-easyjet-rechaza-a-castlelake-y-acepta-una-propuesta-del-fondo-apollo.html

## Citation

easyJet swerves and picks Apollo over Castlelake. Notitur. 2026-07-10. https://notitur.com/en/digest/easyjet-apollo-takeover-offer-2025