Analysts forecasts suggest it will be difficult for O’Leary to hit the profit target laid out in his share options plan

Apollo has agreed to buy budget airline Easyjet, in a shock bid that usurped a flurry of offers from alternatives asset manager Castlelake

The airline said it had reached an agreement in principle for an offer worth £7.15 per easyJet share.

US private equity firm Apollo has made a higher offer for EasyJet. This new bid surpasses Castlelake's previous proposal for the British airline. EasyJet's board now favors…

The airline said it had reached an agreement in principle for an offer worth £7.15 per share