The European Union is preparing a wide-ranging review of airline ownership rules aimed at ensuring EU majority ownership and effective EU control to safeguard strategic autonomy, a development that could complicate foreign-led bids for EasyJet. The analysis notes that regulators can look beyond formal share ownership to who has decisive influence, potentially blocking deals where non-EU investors effectively control an airline. EasyJet’s takeover contest, currently centered on a £5.7 billion bid from Apollo Global Management with Castlelake as a rival, has prompted investor reaction as the prospect of regulatory changes adds uncertainty. Reports also highlight that Brexit-era rules and the need for EU citizens to maintain control can influence how takeovers are structured, with shares moving sharply in response to the news. Some coverage notes that past regulatory concerns have blocked or delayed cross-border airline acquisitions, underscoring the broader risk to European aviation deals. While Apollo’s bid remains under review, the EU’s anticipated autumn start to the assessment could set a precedent for private equity activity in the sector.