A bidding war has erupted for EasyJet, the British low-cost airline, after two American private-equity firms submitted competing offers.
Apollo Global Management has topped a previous bid from a rival private-equity group, escalating the contest for the carrier.
The new bid from Apollo values EasyJet at a higher price, though exact financial terms have not been disclosed by either party.
EasyJet’s board is now reviewing both proposals to determine which offers the best value for shareholders.
The airline has faced financial pressure in recent years due to rising fuel costs and post-pandemic travel demand fluctuations.
Private-equity interest in EasyJet reflects broader investor appetite for European airlines with strong brand recognition and route networks.
A successful acquisition would mark one of the largest private-equity takeovers in the European aviation sector.
EasyJet shares rose following the news, signaling investor optimism about a potential deal.
Regulatory approvals would likely be required before any transaction can proceed.
The outcome remains uncertain as both bidders continue their pursuit of the airline.
