US private equity firm Apollo is set to acquire easyJet in a transformative deal valued at £5.7 billion. This acquisition marks a significant shift in easyJet's corporate structure and strategic direction. The transaction anticipates adjustments to the airline's workforce and overall business approach following completion. Crucially, Apollo has committed not to implement any job cuts within the next twelve months of acquiring easyJet. Details regarding specific changes to easyJet’s commercial strategy remain under discussion as part of the ongoing process.
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