What Happened
Private Equity Firm Invests in FBO Chain Valued at Nearly $10 Billion
Apollo Funds has acquired a major stake in Atlantic Aviation, one of the world’s largest fixed-base operator (FBO) networks, in a deal that values the company at nearly $10 billion. KKR, the previous owner, will remain a substantial shareholder. Atlantic has expanded to 105 locations since KKR acquired it in 2021, and Apollo plans to invest in its existing locations and expand its network. The deal reflects the continued strength of the private aviation market, with Apollo expecting the current boom to continue. The investment was first reported by AeroTime.