US investment firm Apollo Global Management agreed to take over easyJet after rival bidder Castlelake withdrew from the bidding process. Apollo said it did not intend to cut any staff during the first 12 months after the takeover is completed. Apollo said it was “highly supportive” of easyJet’s existing strategy and sees an opportunity to accelerate its operational and commercial growth. Kenton Jarvis, easyJet’s chief executive, said the airline welcomed Apollo’s “commitment to our business and our people”. However, Apollo’s job protection commitment was limited to the first year after completion.