Apollo Acquires Stake in Atlantic Aviation, Valuing It Near $10 Billion
Apollo Global Management Inc. has acquired a co-controlling stake in Atlantic Aviation from KKR & Co., valuing the private jet fixed-base operator at nearly $10 billion. The deal confirms earlier reports and marks a significant investment by Apollo into the growing private aviation sector, which it believes is well-positioned for future growth. KKR originally acquired Atlantic Aviation in 2021 from Macquarie Infrastructure for approximately $4.5 billion. Now retaining a substantial stake post-transaction, KKR will continue to be involved with the company alongside Apollo. The deal highlights increasing investor interest in private aviation infrastructure as demand rises among high-net-worth individuals and corporate clients. Apollo expressed confidence in Atlantic Aviation's ability to capitalize on market tailwinds through strategic investments and expansion into new markets.
Topics: Apollo Global Management Atlantic Aviation KKR & Co. private aviation