Apollo Aviation Group continues acquisitions for SASOF II

Dino D'Amore
By Dino D'Amore November 6, 2013 11:05

Apollo Aviation Group continues acquisitions for SASOF II

Apollo Aviation Group, a multi-strategy aviation investment manager, has announced that it has contracted to purchase 38 aircraft and eleven engines amounting to US$570 million since inception for its second aviation fund, Sciens Aviation Special Opportunities Investment Fund II (SASOF II).

The purchases approved by SASOF II Investment Committee this year include, but are not limited to, 12 Airbus A320ceo family aircraft and 13 Boeing 737 Next Generation models. Specifically during the third quarter, Apollo Aviation committed to purchase thirteen aircraft for approximately US$200million.

“Apollo Aviation is a mid-life aircraft specialist. All but two of the aircraft that we have acquired for SASOF II are in-production models,” explained William Hoffman, Apollo Aviation’s Chairman. “We continue to see a robust market for mid-life flight equipment. We have a solid pipeline of deals, many involving in-production aircraft on lease to major airlines in North America, Europe, and Asia.”

SASOF II, which began trading in the first quarter of last year, will continue investing through January 2015. The US$595 million fund targets mid-life in production aircraft for lease or immediate disassembly.

Dino D'Amore
By Dino D'Amore November 6, 2013 11:05
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