APO - Apollo funds to make $561M investment into Air France affiliate
2023-07-14 09:49:09 ET
Apollo Global Management ( NYSE: APO ) said Friday that Apollo-managed funds and affiliated entities have agreed to make a EUR 500M (US$561.6M) investment into an Air France affiliate owning a pool of components dedicated to the airline’s engineering and maintenance activities.
The transaction will provide the airline with a custom capital solution to further strengthen its balance sheet and support the future purchase of components related to maintenance activities.
This marks the second deal between Apollo ( APO ) and Air France-KLM within a year, with Apollo funds, affiliates and clients committing a total of EUR 1B.
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Apollo funds to make $561M investment into Air France affiliate