Easyjet agrees £5.7 bn takeover by US firm Apollo Global Management; no immediate plans for job cuts

Easyjet is being bought by US investment firm Apollo Global Management for £5.7 billion.

The airline is one of just two carriers serving Gibraltar, with routes to London, Birmingham, Bristol and Manchester.

Apollo says it plans to grow Easyjet and has no plans for job cuts during the first year following completion of the takeover in march 2027.

Reports in the Uk media suggest that passengers are unlikely to see significant changes to the airline's service in the immediate future.

Founded in 1995, Easyjet has become one of Europe’s largest airlines, with around 1,200 routes across 35 European countries.