Apollo Global Management (Apollo) alongside Athene Holdings (Athene) have entered into an agreement to purchase aviation lending business PK AirFinance, from GE Capital’s Aviation Services (GECAS) unit, for an undisclosed sum. In connection with this transaction, Apollo will acquire the PK AirFinance aircraft lending platform and Athene will acquire PK AirFinance’s existing portfolio of loans. PK AirFinance serves airlines, aircraft traders, lessors, investors and financial institutions globally with loans to borrowers in more than 40 countries. Financial details of the transaction were not disclosed, although the $3.6 billion of PK AirFinance financing receivables that were held for sale in the

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