Easyjet

The airline EasyJet, which postponed its return to Israel to the summer and said it would likely resume operations here in the fall, now announces that at this stage it does not plan to return to Israel until the security situation stabilizes. This means that Israeli passengers will have to continue to manage without one of the main low-cost airlines that have operated in Israel in recent years.

Private equity firm Apollo Global Management will acquire easyJet in a deal valued at $7.7 billion. The acquisition is moving forward after competing investment firm Castlelake withdrew its bid.