PK Airfinance to acquire Standard Chartered Aviation loan book

PK Airfinance will acquire the majority of approximately $920 million portfolio of secured aviation loans from Standard Chartered, with Apollo affiliates agreeing to purchase the balance of the portfolio. The sale and transfer of the loans is subject to customary closing conditions and is expected to close year-end 2023. “We are pleased to announce this transaction with Standard Chartered and to add significant scale and airline reach to our aviation finance businesses,” said Gary Rothschild, partner and head, aviation finance, Apollo. “This transaction is another example of our ability to provide large, bespoke capital solutions to a broad range of