Apollo Global Management negotiating $10B deal to buy Atlantic Aviation

Apollo Global Management is nearing an agreement to purchase Atlantic Aviation from KKR andamp; Co. (KKR) for almost $10 billion.
Apollo will be purchasing a majority stake in Atlantic Aviation with Singaporean sovereign wealth fund GIC Pte, according to Bloomberg. KKR is expected to invest additional capital to maintain a significant ownership position.
Atlantic Aviation operates FBOs across the U.S. that provide fueling, maintenance, deicing and hangar leasing for private aircraft. It opened its 106th location in Sept. 2025 and expanded into the Caribbean in Dec. 2025 with the acquisition of ExecuJet’s FBO at the Princess Juliana International Airport (SXM) in Sint Maarten. Private Equity Insights describes the company as a stable, infrastructure-like asset class that draws interest from airport operators, aircraft lessors and large infrastructure funds. KKR acquired the business in 2021 for $4.5 billion.
RELATED STORIES:
Atlantic Aviation expands to the Caribbean with new location
Atlantic Aviation reaches 106 locations with its first FBO in Montana
Atlantic Aviation secures bid for new leasehold in Nashville
An official announcement of the deal closing could come as soon as next week, but KKR could choose to keep the FBO chain. The potential deal comes during an active Mandamp;A period for the company. It has executed or initiated over $8billion in deals in April alone, according to Private Equity Insights.