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Apollo Global Management

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6 Aug

Apollo Global Agrees to Acquire easyJet in £5.70 Billion Airline Takeover

​Aviation News – Apollo Global has reached a definitive agreement to acquire European budget carrier easyJet in a cash transaction valuing the airline at approximately...

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2 sources11 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 BlogFlightradar24 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 NewsBreaking Travel News7 Aug
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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.beAviation24.be•André Orban6 Aug
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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 RadarTravel Radar•Jinnie Ye23 Jul
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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 BlogFlightradar24 Blog•Flightradar2417 Jul