0525 GMT - Apollo's plan to turn easyJet into a more competitive airline could pose a risk in the longer term for its sector peers, J.P Morgan analysts say in a research note. The U.K budget carrier agreed to the $7.7 billion takeover offer from Apollo after American private equity group Castlelake walked away from a potential bid. Apollo said it largely backs the existing easyJet strategy, which should mean minimal change to its structure and as a result the industry, at least near-term if the transaction completes, the analysts say. "The risk longer-term for peers is that Apollo transforms easyJet into a more competitive airline in terms of product, cost base and in particular segments like corporate traffic or package holidays," they add.