Newsroom

Airline Economics - Nothing Too Much
Saturday, October 01, 2011

By Victoria Tozer-Pennington

With its origins as an aviation advisory boutique, Apollo has become an alternative investment manager with more than $800 million in aviation assets under management as of December 31, 2010. Led by its founders, William Hoffman and Robert Korn, it is investing a $213 million fund, the Sciens Aviation Special Opportunities Fund (Sasof), as well as several private accounts. Apollo specializes in supplying the aftermarket with discounted original equipment manufacturer parts by acquiring and dismantling mature aircraft and engines. It also leases and trades commercial aircraft and engines. David Treitel, managing director of Apollo Aviation Group, classifies the company as ... Read More

First A321 Sold to be Parted Out
Tuesday, May 17, 2011

By Air Transport Intelligence News

The first Airbus A321 aircraft has been sold for part out. The aircraft, a -200 series, was built in 1999 and was powered by CFM International CFM56-5B3/P engines. It was operated by Air France and Vietnam Airlines under lease agreements with GE Capital Aviation Services (GECAS) and was sold to Kingdom Holdings at the end of 2006.

The aircraft, MSN 956, had its passenger interior removed and was due to have a VIP interior fitted but the Saudi company sold it to Apollo Aviation in a transaction arranged by remarketing specialist Bristol Associates.
ATI sister publication Commercial Aviation Online understands that the ... Read More

Apollo Aviation Group Completes $213 Million Fund Raise
Wednesday, December 01, 2010

Dealmakers: William Hoffman, Robert Korn and David Treitel
The Deal: The Apollo Aviation Group executives orchestrated a $213 million capital raise. The proceeds are in a fund that will be used to expand Apollo’s business of purchasing used commercial jets and selling parts. The fund closed Oct. 29.

Details: Apollo has benefited from the aviation industry’s ills, including the increased cost of used parts and a decline in the value of planes. Hoffman, Korn and Treitel knew the company could profit by buying planes at discounted prices, stripping them and selling their increasingly expensive parts — but they needed capital.

They selected Sciens ... Read More

Apollo Aviation Group completes $213 Million Fund Raise
Monday, November 15, 2010

Apollo Aviation Group reported that it raised $213 million from a broad array of domestic and international investors for its aviation fund, the Sciens Aviation Special Opportunities Fund (SASOF). SASOF is managed by an affiliate of Apollo Aviation Group, a full service commercial aircraft investment and asset manager jointly owned by its founders and principals, William Hoffman and Robert Korn, and Sciens International Investments and Holdings S.A., an affiliate of Sciens Capital Management.

“SASOF will acquire commercial aircraft for short term lease and/or immediate disassembly and resale of the systems, components and parts,” said Hoffman, Apollo’s Chairman. “The fund has already ... Read More

Apollo Aviation Hires Treitel as Managing Director
Monday, June 14, 2010

By Andrea Rothman

June 14 (Miami) -- David Treitel, formerly president and chief executive officer of SH&E, has been named managing director of Apollo Aviation Group. Treitel, with 33 years of aviation experience, is responsible for capital market activities, overseeing strategic planning and assisting in originating transactions.

Treitel has been a member of the Apollo Board of Directors since August, 2009.

“Apollo has benefitted enormously from Dave’s contribution as a member of our Board,” said Robert Korn, Apollo’s president. “He brings a perspective and discipline that has helped catapult Apollo to a leading role in the aviation investment field.”

Treitel retired from SH&E in March. During ... Read More