Apollo Aviation Group, a multi-strategy aviation investment manager, acquired or contracted to purchase 23 aircraft in the first half of 2018 for a total gross purchase price of $315 million.
Robert Korn, Apollo Aviation’s president explained, “To date, 2018 has seen a number of important business milestones, including the growth of our fleet beyond 200 aircraft as well as the repayment of Apollo’s first securitization (ASSET 2014-1) and issuance of its fifth securitization (AASET 2018-1).”
The 23 aircraft are comprised of 22 narrow-body and one wide-body aircraft from the A320CEO, A330 and B737NG families.
Founded in 2002, Apollo Aviation’s has total assets under management of $5.0 billion,representing 202 aircraft owned, managed or committed to purchase and 11 aircraft engines. It has offices in the U.S., Ireland and Singapore.
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