Apollo Aviation Group Acquires 38 Aircraft

By ExpatBriefing.com Editorial 12 November, 2013

Apollo Aviation Group has signed USD570m worth of contracts for the purchase of 38 aircraft and 11 engines for its second aviation fund.

The fund, named Sciens Aviation Special Opportunities Investment Fund II (SASOF II), will purchase 12 Airbus A320ceo aircraft and 13 Boeing 737 Next Generation aircraft, among other models.

In the third quarter of this year Apollo Aviation agreed to buy 13 aircraft for USD200m.

William Hoffman, the chairman of Apollo Aviation, said: "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. 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 was launched in the first quarter of last year and will continue investing until January 2015.

Tags: Aviation | Expats | Investment | Europe | Invest | North America | Investment |

 





News Archive