Apollo Boosts Aviation Finance Business With $920M Loan Assets Buyout From Standard Chartered
Portfolio Pulse from Lekha Gupta
Apollo Global Management's aviation lending platform, PK Airfinance, is set to acquire most of a $920 million secured aviation loans portfolio from Standard Chartered. The remainder of the portfolio will be bought by Apollo. The transaction is expected to close by the end of 2023. Apollo's aviation business, including PK Airfinance, has over $40 billion of commitments year to date and a current loan portfolio of $4 billion.
August 28, 2023 | 4:27 pm
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POSITIVE IMPACT
Apollo's acquisition of a significant aviation loans portfolio could strengthen its position in the aviation finance sector.
The acquisition of a significant aviation loans portfolio from Standard Chartered could potentially strengthen Apollo's position in the aviation finance sector, leading to potential growth in its business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Standard Chartered's sale of its aviation loans portfolio to Apollo could impact its asset base.
The sale of a significant aviation loans portfolio to Apollo could potentially impact Standard Chartered's asset base, leading to changes in its financial position.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80