Apollo’s £5.7bn easyJet takeover faces union opposition
Apollo’s proposed acquisition of easyJet has drawn opposition from European unions, although the airline expects the £5.7bn deal to complete by the end of Q1 2027, according to a report by Reuters.
Apollo’s £5.7bn acquisition of easyJet is facing opposition from European unions, as outlined in a report by Reuters. The European Works Council (EWC) has expressed concerns over the ownership structure of the proposed deal, warning that it could weaken the airline’s long-term resilience and expose employees to risks not adequately addressed by existing assurances.
The EWC also highlighted that employees have been offered only 12 months of non-binding commitments. While some representative bodies in France, Portugal, and Spain have not endorsed the acquisition, others in Britain and Germany have taken a neutral stance. Apollo has proposed a governance framework to ensure easyJet remains majority-controlled by European interests, and the airline has secured regulatory approvals in several countries, though further clearances are pending.
EasyJet plans to expand its offerings through a loyalty programme, premium travel products, and additional revenue streams to boost customer spending. The acquisition is expected to be approved by court and shareholder meetings starting from 9 November, following which the airline will cease trading on the London Stock Exchange after more than 25 years.
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