Apollo Global Management

Organization · 18 articles

8 sources

6 Aug

Apollo agrees £5.7 billion takeover of easyJet as Castlelake walks away

Apollo Global Management has agreed a recommended cash acquisition of easyJet valuing the low-cost carrier at approximately £5.7…

2 sources10 Jul

Why easyJet Prefers Apollo Over Castlelake

2 sources10 Jul

Apollo Launches £5.7 Billion Takeover Bid for easyJet, Outbidding Castlelake

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AvTalk Episode 383: Goodyear Blimp Chief Pilot Michael Dougherty

On this episode of AvTalk, we’re joined by Goodyear Blimp Chief Pilot Michael Dougherty to learn more about his unique role in the aviation industry. Also on this week’s episode, German investigators continue looking for answers for how a drone was able to make it onto the Leipzig Airport ramp. FedEx paints a 777 in a special retro livery to coincide with the renaming of Memphis Airport in honor of FedEx founder Frederick W. Smith. Apollo Global Management wins the battle for easyJet and Air Baltic will shrink its fleet for stability. A BEA report on an incident involving an Air France A320 showcases the dangers of turbulence. And Iberia’s special flight gives us a unique perspective on the total solar eclipse. Helpful links for this week’s episode * Iberia’s live stream from the eclipse * FedEx retro livery 777 * Transponder landing system at McMurdo Station in Antarctica * Mr Porter Blind Box Check back soon for a transcript of this week’s episode.

Flightradar24 Blog•Flightradar2414 Aug

EasyJet’s £5.7bn Takeover: What Apollo’s Arrival Could Mean for One of Europe’s Biggest Airlines

The familiar orange airline is preparing to enter a new era. EasyJet has agreed to a £5.7 billion takeover by US private equity giant Apollo Global Management, bringing one of Britain’s best-known aviation brands under private ownership and raising a bigger question: what happens when private equity takes control of a low-cost airline built on scale, simplicity and relentless efficiency?

Breaking Travel News7 Aug

EasyJet agrees £5.7bn take-over by US private equity firm Apollo

EasyJet has formally agreed to a £5.7bn take-over by US private equity firm Apollo Global Management, according to The Guardian. The airline confirmed on Thursday that it had accepted Apollo’s firm offer after rival bidder Castlelake withdrew from the race, ending the prospect of a bidding war. The deal values easyJet at £7.15 a share, […]

AviTrader•Heike Tamm7 Aug

EasyJet Agrees £5.7bn Takeover by Apollo After Rival Bidder Withdraws

easyJet has agreed to a £5.7 billion takeover by US private equity firm Apollo Global Management after rival group Castlelake withdrew from bidding.

AviationSource News•Len Varley6 Aug

Apollo to acquire easyJet in $7.7 billion deal after Castlelake withdraws

American asset management firm Apollo Global Management has agreed to acquire British low-cost carrier easyJet in a deal valuing the airline at approximately $7.7 billion, after rival bidder Castlelake withdrew from the takeover process. Under the terms of the agreement, easyJet shareholders will receive £7.15 per share, representing a 54% premium to the airline’s closing […]

Aviation24.be•André Orban6 Aug

Apollo Wins easyJet. Now There’s a Model.

Apollo Global Management won easyJet. Castlelake withdrew from the bidding on August 6, without giving a specific reason, clearing the

Air Insight•Addison Schonland6 Aug

Apollo agrees £5.7 billion takeover of easyJet as Castlelake walks away

Apollo Global Management has agreed a recommended cash acquisition of easyJet valuing the low-cost carrier at approximately £5.7…

AeroTime•Clement Charpentreau6 Aug

easyJet Extends Castlelake Deadline: What the August 7 Alignment Means for the Bidding War

easyJet has extended Castlelake's deadline to submit a takeover bid to 5.00pm 7 August, matching the deadline already set for potential rival bidder Apollo Global Management.

AviationSource News•Len Varley4 Aug

Battle for easyJet Escalates as Board Synchronizes Takeover Deadlines for Apollo and Castlelake

AviationNews – British low-cost carrier easyJet has set an identical deadline for Castlelake and Apollo Global Management to submit firm takeover offers, intensifying the competition...

Aviation News EU3 Aug

EU Airline Ownership Rules Reviewed amid EasyJet Takeover Bidding War

A European Union official said the EU will review its airline ownership guidelines to prevent foreign investors from gaining control of airlines. This review comes during a bidding war for easyJet’s takeover between two U.S. investment firms, Castlelake and Apollo Global Management. Bidding for easyJet EasyJet dropped its support for Castlelake’s £5.5 billion offer in […]

Travel Radar•Jinnie Ye23 Jul

Easyjet awaits binding Apollo offer by early August

LUTON - US investment firm Apollo Global Management has agreed in principle the key terms of a possible cash takeover offer for British low-cost airline Easyjet, valuing the company at about 5.7 billion GBP - Easyjet signals support for the offer.

aero.uk21 Jul

AvTalk Episode 379: This feels eerily similar

On this week’s episode of AvTalk, a Ryanair (Malta Air) 737-800 suffers an uncontained engine failure after departing Thessaloniki, Greece, resulting in a shattered cabin window and a passenger partially sucked out of the cabin. We discuss the specifics on this accident and its similarities with Southwest 1380. German investigators release their preliminary report on the Lufthansa 787 that suffered a gear retraction last month in Frankfurt. In a first on Flightradar24, nine 7700 squawks happen near-simultaneously—we dig into what happened at Gatwick airport on Tuesday. And the bidding for easyJet heats up as Apollo Global Management bests Castlelake’s bid for the airline. Helpful links for this week’s episode * Ryanair uncontained engine failure * Southwest 1380 * Lufthansa 787 gear retraction in Frankfurt * Gatwick emergencies * easyJet bidders Please check back soon for a transcript of this week’s episode.

Flightradar24 Blog•Flightradar2417 Jul

Apollo vs Castlelake: The Bidding War to Take easyJet Private

Two major U.S. investment firms, Apollo Global Management and Castlelake, are now in a bidding battle to take over low-cost carrier easyJet. We look at what's driving the move.

AviationSource News•Len Varley13 Jul

easyJet agrees to second takeover bid starting a bidding war for the low cost carrier

UK low-cost carrier (LCC) easyJet (U2/EZY) has agreed in principle to another takeover bid from US company Apollo Global Management sparking a potential bidding war between them and US investment group Castlelake. easyJet says the new rivals offer delivers a “superior outcome” to investors in the group, which includes the [read more]

UK Aviation News•Nick Harding11 Jul

Why Castlelake and Apollo Want to Buy easyJet

After a string of denied offers, it appeared that easyJet (U2/EZY) was edging closer to a takeover by Castlelake. But the story has since taken another turn, with Apollo Global Management also entering the race to acquire the British low-cost carrier. Why are US investment firms interested in easyJet? And how could a deal change […]

Flightradar24 Blog•Daniel Gustafsson11 Jul

Apollo Launches £5.7 Billion Takeover Bid for easyJet, Outbidding Castlelake

Aviation News – U.S. investment firm Apollo Global Management has launched a massive £5.7 billion ($7.7 billion) takeover bid for British budget airline easyJet, sparking...

Aviation News EU10 Jul

easyJet buyout: Apollo Global Management trumps Castlelake offer

Apollo Global Management trumps Castlelake's offer for easyJet…

Aviation Business News•Greg Whitaker10 Jul

Why easyJet Prefers Apollo Over Castlelake

easyJet is showing a clear preference for the latest bid from Apollo Global Management over that of rival Castlelake in

Air Insight•Richard Schuurman10 Jul