Apollo Aviation Group, a multi-strategy aviation investment manager, has contracted to purchase 38 aircraft in the first half of 2017 for a total gross purchase price of USD 910 million, the company said.
The 38 aircraft are comprised of 32 narrowbody and six widebody aircraft from the A319, A320, A321, A330 and B737 families. All the models are in-production and all were acquired with leases attached to airlines based in Asia-Pacific, South & Central America, North America and Europe.
Apollo Aviation is a multi-strategy aviation investment manager that seeks to capitalize on its extensive technical knowledge, in-depth industry expertise and long-standing presence in the mid-life commercial aviation sector. Founded in 2002, the latest acquisitions brings Apollo Aviation´s total aviation assets under management to USD 4.3 billion1 , representing 163 aircraft owned, managed or committed to purchase, and 30 aircraft engines. It has offices in the US, Ireland and Singapore.