Apollo Aviation Group Contracts For $220 Million In Acquisitions In 2013

MIAMI, LONDON, DUBLIN, SINGAPORE, June 17 2013 – Apollo Aviation Group (Apollo Aviation), an international full service aviation asset manager, announces that it has contracted to acquire flight equipment valued at more than $220 million in the first five months of 2013, including two A320 CEO family aircraft, one A330-200, one A330-300, seven B737NGs, and seven engines. Ten of these aircraft are on lease to airlines in Asia, Europe and North America. As of May 31, 2013, Apollo Aviation managed a total of 76 leased aircraft and engines.

The acquisitions are all being made on behalf of SASOF II, which is an investment fund with approximately $595 million in capital commitments that seeks to acquire mid-life in-production aircraft models for lease or immediate disassembly and resale of the systems, components and parts. SASOF II is managed by wholly-owned subsidiaries of Apollo Aviation. As of May 31, 2013, SASOF II had committed to acquire a further 25 aircraft and ten engines.

William Hoffman, Apollo Aviation’s Chairman commented, “Apollo Aviation continues to acquire favorably priced in-production aircraft models. Through our investment vehicles, we are becoming a significant lessor of mid-life in-production flight equipment.”