Apollo Global Management, Inc. (NYSE: APO) is reportedly exploring a potential sale of its aviation division, Atlas Air Worldwide Holdings Inc., as reported by Bloomberg. The investment firm is in the early stages of valuation, seeking over $12 billion for the business, including debt. Atlas Air provides aircraft leasing and charter services, operating a fleet that includes Boeing 747s, 777s, 767s, and 737s.
In 2022, Apollo acquired Atlas Air in a deal valued at approximately $5.2 billion, representing a strategic move within the aviation sector. The industry has seen increased consolidation, exemplified by recent sales such as Air Lease Corp. for $7.4 billion. Additionally, Apollo announced that its managed funds acquired a majority stake in Prosol Group from Ardian, reaffirming its active investment approach in France for over two decades with around €14 billion invested.
Strategic Review and Industry Context
As part of its ongoing strategic review, Apollo may be restructuring or divesting its holdings in aviation. The company is known for investments across credit, private equity, infrastructure, secondaries, and real estate markets.
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