easyJet has formally agreed to a £5.7 billion ($7.7 billion) takeover by US private equity giant Apollo Global Management, setting the stage for one of Europe's largest low-cost airlines to return to private ownership. There is another important attraction: easyJet's airport portfolio. Related What An easyJet Takeover Could Mean For The European Aviation Industry Will easyJet continue to exist as we know it today, or will its assets be sold off to the highest bidder? It wants to accelerate much of easyJet's existing strategy rather than replace it, and a central theme of its emerging plan is "doing more" with easyJet's existing assets while preserving its low-cost DNA, per the Financial Times. The firm sees opportunities to increase revenue and profitability from easyJet's existing aircraft, slots, network and customer base.