Miami, US-based multi-strategy aviation investment manager Apollo Aviation Group has acquired or contracted to purchase 23 aircraft in the first half of 2018 for a total gross purchase price of USD 315m, the company said.
The 23 aircraft are comprised of 22 narrowbody and one widebody aircraft from the A320CEO, A330 and B737NG families.
Apollo Aviation said its fleet has grown 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).
Apollo Aviation Group seeks to capitalize on its extensive technical knowledge, in-depth industry expertise and long-standing presence in the mid-life commercial aviation sector. Apollo Aviation´s has total assets under management of USD 5.0bn, representing 202 aircraft owned, managed or committed to purchase and 11 aircraft engines. It has offices in the US, Ireland and Singapore.