Apollo Aviation grows fleet by 25%

Apollo Aviation Group (together with its affiliates, Apollo Aviation), a multi-strategy aviation investment manager, reporte that since the second quarter of 2016 it has contracted to purchase 27 commercial aircraft and five aircraft engines for a total gross purchase price of US$750 m. All flight equipment is being purchased with leases attached to airlines in the Americas, Europe and Asia Pacific. The 27 aircraft are comprised of 21 narrowbody and six widebody from the Airbus A319, A320, A321 and A330, and the Boeing 737-800 and B737-900ER families. The vast majority of aircraft (96%) are in-production. Also, since the second quarter, Apollo Aviation transitioned a leased Boeing 737-800 aircraft from one European carrier to another. Furthermore, it extended 10 leases for its aircraft, including one A319-100 in the UK, four A330-300s in the US, three for A330-200s in Asia, and two B737-800s in France.