Funds managed by subsidiaries of Apollo Global Management and Merx Aviation, a global aircraft leasing, management and financing company, have completed the sale and leaseback of two Air France Boeing 777Fs.
The aircraft, manufactured in 2009, was acquired by an aviation platform established by Apollo, which invests in a diverse set of aircraft types, vintages and jurisdictions and is served by Merx.
Gary Rothschild, CEO of Merx and Head of Aviation Finance at Apollo, said: “We are pleased to have completed this transaction with Air France and to add two more high performance Type 777F aircraft to our portfolio. The 777F is a premier long-haul freighter and an integral part of the global cargo fleet. In today’s environment of high demand for international air cargo, the capacity and range of the 777F enables operators to quickly and efficiently transport large amounts of cargo over long distances while minimizing fuel stoppages and associated costs.
“This transaction continues to show how the Apollo platform and Merx work together as a flexible capital solutions provider, creating accretive transactions for our investors and counterparties. We look forward to continuing our relationships with Air France and other airlines to provide greater financial flexibility. “
Merx operates an integrated aviation platform focused on leasing, managing and financing global aircraft, with a fleet owned and managed in 28 countries. With operations in New York, Dublin and Singapore, Merx was founded in 2012 and is a holding company 100% owned by Apollo Investment Corporation. Since its inception, the company has acquired 196 devices.
(Visited 1 time, 18 visits today)