easyJet Shareholders Approve £5.7 Billion Apollo Takeover

In a landmark move for European aviation, easyJet shareholders have overwhelmingly approved the budget airline’s £5.7 billion ($7.61 billion) takeover by US private equity giant Apollo Global Management.

At the court-convened meeting on November 11, 2026, 97.07% of votes cast were in favour, clearing the shareholder stage of one of the largest private equity buyouts of a European carrier in history.

Under the agreed terms, Apollo’s Eagle Bidco vehicle is offering £7.15 per share in cash. If completed, the deal would take easyJet off the London Stock Exchange after more than 25 years as a publicly listed company. The airline is targeting completion before the end of the first quarter of 2027.

Apollo has committed to:

• Keeping easyJet’s headquarters in the UK.
• Retaining the airline’s air operator certificates in the UK, Austria and Switzerland.
• Modernising the fleet, strengthening the loyalty programme and expanding easyJet Holidays.

However, hurdles remain. The deal faces EU regulatory scrutiny over airline ownership rules, while unions have raised concerns about employee protections. To meet European airline nationality requirements, Apollo’s funds are expected to hold no more than 49.9% of the new parent company.

Source: Reuters via Investing.com – easyJet Shareholders Approve £5.7 Billion Apollo Takeover