Cyprus Mail7 Aug 2026

Sir Stelios keeps his seat in £5.7bn easyJet takeover

EasyJet founder Sir Stelios Haji-ioannou and his family will remain significant shareholders in the airline after its proposed £5.7 billion takeover by US investment firm Apollo, bringing an end to a bidding contest for one of Europe’s largest low-cost carriers.

The British airline confirmed on Thursday that its board had agreed to the terms of Apollo’s all-cash offer, valuing the company at around $7.7bn....

This is a summary. Read the full article at Cyprus Mail.

Read full article

More from Cyprus

All news

Cyprus Mail

EU airline ownership review could complicate easyJet takeover

The European Union is preparing a review of airline ownership rules to prevent foreign investors from gaining effective control of carriers, an EU official said, a move that could complicate U.S. bids for low-cost airline easyJet. The possible result of the EU review, previous...

today

Cyprus Mail

Cyprus Business Now: banks, inflation, real estate, Hassabis, GDP, Sainni

Cyprus’ construction sector maintained strong growth momentum in the first half of 2026, supported by a robust pipeline of new projects, rising property demand and continued investment activity, according to a report by Eurobank Research. The report said that first quarter dat...

today

in-cyprus

Weekend guide: Cocktails, beach dining and stargazing under the Troodos sky

From a beach bar in Ayia Napa and a seaside lunch in Pissouri to Italian dining in Limassol and an evening at Troodos Observatory, here are four suggestions for the weekend. Beach day Lasmari Beach Bar Located on Landa Beach between Makronissos and Nissi Beach in Ayia Napa, La...

today

in-cyprus

More than one-third of ambulance workload involved non-urgent transfers, report finds

Cyprus’ Ambulance Call Control Centre handled 128,178 incidents between January 2025 and June 2026, while median ambulance response times remained broadly stable despite a rise in demand, according to the Ambulance Service’s epidemiological and operational report. The report a...

today