ch-aviation
• Hilka Birns
easyJet has completed its purchase of Adria Tehnika, adding Slovenian aircraft maintenance capacity to its in-house operations. The carrier announced its intention to buy the MRO provider in December; it plans to retain Adria Tehnika’s third-party business while strengthening support for its own fleet.
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Apollo is reshaping the board associated with its proposed takeover of easyJet in an effort to address concerns raised by the European Union. The available report does not disclose the proposed board changes, the specific EU objections or the transaction’s terms and timing.
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easyJet has completed its purchase of Adria Tehnika, adding Slovenian aircraft maintenance capacity to its in-house operations. The carrier announced its intention to buy the MRO provider in December; it plans to retain Adria Tehnika’s third-party business while strengthening support for its own fleet.
easyJet CEO says Apollo Global Management’s £5.7 billion ($7.5 billion) acquisition of the U.K. airline is on schedule to complete early next year. The transaction would shift the low-cost carrier into private-equity ownership, subject to completion of the deal.
Apollo Global Management is set to use aircraft financing rather than high-yield bonds for a £3.5 billion debt package backing its acquisition of easyJet. The choice puts aircraft-backed funding at the center of the deal’s financing structure.
A second NATS failure within two weeks has again disrupted UK aviation, prompting major airlines to demand action from the air navigation services provider. easyJet was the worst affected carrier, underscoring the operational and passenger impact of repeated air traffic control failures.
A settlement has cleared easyJet’s acquisition of Adria Technika, removing the remaining obstacle to the transaction. The deal brings the Slovenian aviation services company into easyJet’s portfolio, marking a further development in the airline’s ownership and operating structure.
easyJet is preparing to defend a $72 million High Court claim brought by liquidators of STLC Europe Eight Leasing, the insolvent Irish arm of Russia’s state-owned GTLK. The dispute concerns six A319-100s whose leases easyJet terminated in 2022 after the lessor was placed under EU sanctions.
An Irish unit of Russian state-owned aircraft lessor GTLK is suing easyJet for at least $72 million, alleging the British airline unlawfully abandoned six Airbus aircraft after terminating their leases in response to sanctions, the Financial Times reported. The case highlights the legal and financial exposure surrounding sanctioned aircraft assets.
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