Apollo To Provide Up To €1.5B High Grade Capital Solution To An Air France-KLM Operating Affiliate Supported By Commercial Partner Contracts Of Its Flying Blue Loyalty Program
Portfolio Pulse from Benzinga Newsdesk
Apollo (NYSE:APO) has signed an agreement to invest up to €1.5 billion into an Air France-KLM operating affiliate. The investment will be used to strengthen the balance sheet of Air France-KLM and enhance the scalability and growth prospects of its Flying Blue loyalty program. This is the third transaction between Apollo and Air France-KLM in the last 18 months.
October 26, 2023 | 8:42 pm
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Apollo's investment in Air France-KLM's affiliate could potentially increase its revenues and profitability, given the growth prospects of the Flying Blue loyalty program.
Apollo's investment in Air France-KLM's affiliate is a strategic move that could potentially increase its revenues and profitability. The investment is aimed at enhancing the scalability and growth prospects of the Flying Blue loyalty program, which could lead to increased customer loyalty and higher revenues for Apollo. Furthermore, this is the third transaction between Apollo and Air France-KLM in the last 18 months, indicating a strong partnership between the two companies.
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