EasyJet (LSE:EZJ) and Apollo (NYSE:APO) have agreed to extend the deadline for publishing the scheme document relating to Apollo’s proposed acquisition of the airline, allowing additional time for discussions with aviation regulators.
The companies said on Tuesday that the new deadline has been set for October 15. The extension follows the summer period and is intended to provide further time for engagement with the relevant aviation regulatory authorities as the transaction moves through the approval process.
Apollo is seeking to acquire EasyJet through a court-sanctioned scheme of arrangement, with regulatory clearances forming part of the conditions that must be satisfied before the deal can complete.
Despite the revised timetable for publication of the scheme document, the companies said the overall completion schedule remains unchanged.
The transaction continues to be targeted for completion by the end of the first quarter of 2027, subject to the satisfaction or waiver of the necessary conditions.
The additional time before publication of the scheme document is expected to facilitate ongoing regulatory discussions without altering the current timetable for completing Apollo’s acquisition of EasyJet.
Leave a Reply