Apollo Funds and Merx Aviation Complete Sale-Leaseback Transaction with Air France
NEW YORK, May 24, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, today announced the completion of a sale and leaseback transaction with Air France, part of the Air France-KLM Group and one of the worlds leading airlines.
- NEW YORK, May 24, 2021 (GLOBE NEWSWIRE) -- Funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries Apollo) and Merx Aviation (Merx), a global aircraft leasing, management and finance company, today announced the completion of a sale and leaseback transaction with Air France, part of the Air France-KLM Group and one of the worlds leading airlines.
- The aircraft, manufactured in 2009, were acquired by an aviation platform established by Apollo, which invests in a diverse set of aircraft types, vintages and jurisdictions and is serviced by Merx.
- Gary Rothschild, CEO of Merx and Head of Aviation Finance at Apollo, said: We are pleased to have closed this transaction with Air France and to add two more of the highly capable 777F aircraft type to our portfolio.
- This transaction continues to show how the Apollo platform and Merx together act as a flexible capital solutions provider, creating accretive transactions for both our investors and counterparties.