Bidding war breaks out for easyJet as Apollo tops rival private-equity group’s bid

AI Summary

A bidding war is underway for British budget airline easyJet as two American private equity groups, including Apollo, have submitted competing takeover bids. The contest highlights the growing investor appetite in the airline sector.

A bidding war has broken out for EasyJet, the British low-cost airline, with the second American private-equity bid.