Apollo Aviation’s fleet grows by 64% in 2016

Apollo Aviation Group (together with its affiliates, “Apollo Aviation”), a multi-strategy aviation investment manager, announced today that in 2016 its fleet of mid-life aircraft grew by 64 percent while its assets under management (which includes invested capital, indebtedness and available capital) grew by 42 percent to $3.5 billion. In the fourth quarter, Apollo Aviation acquired six in-production narrowbody aircraft from the A320 and B737NG families, for $131 million. This brought the aggregate number of aircraft Apollo Aviation acquired in 2016 up to 55 with a total purchase price of $1.28 billion. Of the 55-aircraft acquired, 46 were narrowbody while nine