Apollo Aviation grows fleet by 25%

Since the second quarter of 2016, Apollo Aviation Group has contracted to purchase 27 commercial aircraft and five aircraft engines for a total gross purchase price of $750 million. All flight equipment is being purchased with leases attached to airlines in the Americas, Europe and Asia Pacific. The 27 aircraft are comprised of 21 narrowbody and six widebody from the Airbus A319, A320, A321 and A330, and the Boeing 737-800 and B737-900ER families. The vast majority of aircraft (96%) are in-production. Also, since the second quarter, Apollo Aviation transitioned a leased Boeing 737-800 aircraft from one European carrier to another.