Apollo Aviation Group was formed in 2002 and has grown to become a leading multi-strategy institutional investment manager with demonstrated capabilities and expertise across all segments of the aviation industry.
Relying on our in-depth knowledge and the strength of our relationships, Apollo Aviation Group seeks innovative ways to generate favorable returns, while working strategically with our industry partners.
We recently completed fundraising and closed SASOF III with $833 million of capital commitments. This is our third institutional real assets fund, which focuses on mid-life, in-production commercial aircraft.
Apollo Aviation Group had assets under management of approximately $3.1 billion as of September 30, 2016.
“Assets under management include all assets under management (which includes, in addition to invested capital, indebtedness and uncalled capital commitments) of products and other investment vehicles serviced by Apollo Aviation and/or its affiliates.”
Creating Value through Active Management
Commercial Aircraft Leasing Apollo Aviation Group is a global mid-life commercial aircraft and engine lessor. At December 31, 2015, our fleet included over 80 narrow and wide body aircraft on lease to over 35 carriers in over 25 countries. Additionally, we had 30 jet engines leased to 14 counterparties in 14 countries.
Aircraft Marketing and Transitioning Apollo Aviation Group takes an active role in extending leases, transitioning and re-leasing aircraft, and selling aircraft from our leased fleet. Our aircraft marketing team focuses on keeping our fleet in service, minimizing the transition and down time of our aircraft assets.
Maintenance Expense Management Apollo Aviation Group utilizes proprietary systems to proactively forecast and manage aircraft maintenance events. Due to the size of our fleet and our access to serviceable spare parts, we are often able to work closely with our lessees to offer creative solutions that materially reduce unnecessary expenditures.
Aircraft and Engine Disassembly and Part-out Apollo Aviation Group has been recognized by Ascend as one of the largest part-out firms globally. At December 31, 2015, our portfolio of end-of-life assets included over 50 commercial aircraft and 140 jet engines. We work closely with our consignment partners in managing inventory and creating value realization from liquidation.
Dispositions Through Aircraft Securitizations Apollo Aviation Group has been active in entering into aircraft dispositions through securitizations. In November 2014, we sold 40 aircraft into an ABS securitization structure, AASET 2014-1, which issued two tranches of debt through a private placement. In August 2015, AASET 2014-1 sold an additional debt tranche. Apollo Aviation nor its affiliates is the issuer of AASET 2014-1, but rather an affiliate(s) of Apollo Aviation service AASET 2014-1.