Apollo buys major stake in Atlantic Aviation as FBO chain nears $10B valuation

Apollo Funds has completed the acquisition of a significant minority interest in Atlantic Aviation, marking a pivotal moment for the business aviation services provider. This transaction involved Apollo purchasing a substantial stake from KKR, the previous owner of the company. Atlantic Aviation is currently valued at approximately $10 billion, reflecting strong growth and market position within the fixed base operation (FBO) sector. The deal underscores investor confidence in Atlantic Aviation’s strategic direction and operational capabilities. Industry analysts anticipate continued expansion for Atlantic Aviation as it leverages this investment to further enhance its service offerings and broaden its geographic reach.