Airlines News

AeroTimeClement Charpentreau

Apollo to acquire easyJet for £5.7 billion after Castlelake withdraws

Apollo Global Management has agreed to acquire easyJet for £5.7 billion ($7.7 billion), offering £7.15 per share in cash after rival bidder Castlelake ended its pursuit. The transaction could reshape ownership and competitive dynamics in Europe’s budget-airline market as carriers face surging fuel prices.

2026-08-06T06:59:08.235759-07:00

Airlines

Recent Coverage

AirInsight

High activity

Southwest’s Aging 737-700 Fleet Faces Growing Operational Stress Before Boeing 737 MAX 7 Deliveries Begin

The FAA has certified Boeing’s 737 MAX 7, but Southwest will not begin receiving the aircraft until 2027. In the interim, 65% of the airline’s 737-700 fleet is showing operational stress, creating a costly fleet-management challenge while the carrier waits for its replacement aircraft.

2 sources Bookmark this story

Delta Pilots’ Union Says “All Options Are On the Table” in Scheduling Rules Dispute

The Air Line Pilots Association accused Delta Air Lines of launching a “comprehensive attack” on long-standing scheduling rules, escalating a labor dispute that could affect how pilots’ work schedules are managed. The union said it is considering all available options, without specifying what actions it may take.

1 source Bookmark this story

Argentine low-cost airline slashes 75% of flights eight months after promised $1.7 billion turnaround

A decade-old Argentine low-cost carrier is nearing collapse after cutting three-quarters of its flights, just eight months after an ally of President Javier Milei pledged $1.7 billion to fund a turnaround. The retrenchment highlights the gap between promised investment and near-term operating viability.

2 sources Bookmark this story

AeroTime

High activity

Apollo to acquire easyJet for £5.7 billion after Castlelake withdraws

Apollo Global Management has agreed to acquire easyJet for £5.7 billion ($7.7 billion), offering £7.15 per share in cash after rival bidder Castlelake ended its pursuit. The transaction could reshape ownership and competitive dynamics in Europe’s budget-airline market as carriers face surging fuel prices.

38 sources Bookmark this story

AeroTime

High activity

Joby Raises 2026 Revenue Outlook as Certification, Manufacturing and Texas Operations Advance

Joby Aviation increased its full-year 2026 revenue guidance, citing growth at its Blade operations while continuing certification and production work on its electric air taxi. The company ended the second quarter with $2.3 billion in cash, reported higher losses from increased R&D spending and established a Fort Worth operating hub.

18 sources Bookmark this story

South African Airways provides additional details on CemAir codeshare as regional operators adjust CRJ fleets

South African Airways has provided further details on its codeshare arrangement with South African regional carrier CemAir. The cluster also highlights continued use and fleet adjustments involving Bombardier CRJ700 and CRJ900 aircraft, including Camair-Co’s swap of a wet-leased CRJ900 for a CRJ700.

3 sources Bookmark this story

Bloomberg

High activity

Fuel-cost shock splits airline results as Wizz Air and Cebu Pacific post losses while Cathay profits

Wizz Air reported a €183.3 million operating loss in its fiscal first quarter as fuel costs rose 39%, while Cebu Pacific also swung into the red after fuel expenses more than doubled. Cathay Group increased first-half profit to $795 million despite higher fuel costs, but faces a six-month A350 freighter delivery delay.

24 sources Bookmark this story

Create a free account to see more recent Airlines stories and keep bookmarks in one place.