08/28/2026
Apollo Global Management has acquired a joint controlling stake in Atlantic Aviation at a total enterprise valuation of approximately $10 billion. KKR is selling a portion of its original position in the company but will maintain a significant ownership share moving forward. This premium valuation represents a major financial win for KKR, which initially purchased the aviation firm from Macquarie Infrastructure in 2021 for $4.5 billion. Atlantic Aviation serves as a critical backbone for private air travel, operating more than 100 facilities across the United States. Its core operations focus heavily on aviation infrastructure, providing predictable and steady revenue streams through essential services like refueling, hangar leasing, and aircraft maintenance. Beyond these core logistics, the company drives diversified growth by offering premium amenities, including passenger concierge services and commercial office space rentals. This stable infrastructure-based business model makes the company highly attractive to institutional investors looking for predictable cash flows tied directly to flight volumes. The broader private aviation sector has experienced a strong post-pandemic demand rebound, creating structural tailwinds that benefit asset-light service providers. Apollo intends to leverage this momentum by working closely with Atlantic's current leadership team and KKR to pursue aggressive physical expansion. Elite financial and legal advisors steered the multi-billion dollar transaction, including Paul Weiss, Evercore, Morgan Stanley, and Kirkland & Ellis.
https://privatejetcardcomparisons.com/2026/08/27/apollo-funds-joins-kkr-to-back-atlantic-aviation-fbo-chain/