EasyJet shareholders back €6.56bn Apollo takeover, setting stage for major airline shakeup
Over 80% of EasyJet shareholders have approved Apollo’s €6.56 billion acquisition, signaling confidence in the airline’s new ownership and future strategy.
EasyJet shareholders have overwhelmingly approved the proposed €6.56 billion acquisition by Apollo, with more than 80% voting in favor of the deal. The result clears a major hurdle for the UK low-cost carrier as it prepares for a significant change in ownership and direction.
The approval, announced on Wednesday, paves the way for the transaction to close by the end of the first quarter of 2027, pending regulatory review. EasyJet has stated that the backing from shareholders demonstrates strong confidence in Apollo’s ability to support the airline’s growth and operational ambitions.
Market observers note that the decisive vote reflects a broad sentiment among investors seeking enhanced value and stability in a competitive aviation sector. EasyJet’s leadership has emphasized that Apollo’s resources and management experience could deliver benefits such as expanded route networks, improved operations, and increased investment in fleet and technology.
However, the acquisition still faces several regulatory hurdles before completion. Authorities in the UK and European Union are expected to review the deal for potential impacts on competition and consumer choice, given EasyJet’s prominent role in the European short-haul market.
Shareholder optimism is tempered by these uncertainties, as well as potential market volatility in EasyJet’s stock price until the transaction is finalized. Industry analysts suggest that the deal could trigger strategic responses from competitors and influence consolidation trends across the European airline industry.
If approved by regulators, the acquisition would mark one of the most significant private equity-backed takeovers in European aviation, potentially reshaping EasyJet’s business model and market strategy under Apollo’s ownership.
