Merx operates an integrated aviation platform focused on global aircraft leasing, management and finance, with an owned and managed fleet spanning 26 countries. Find the latest Apollo Global Management, Inc. (APO) stock quote, history, news and other vital information to help you with your stock trading and investing. Based in New York, Dublin and Singapore, Merx was founded in 2012 and is a wholly owned portfolio company of Apollo Investment Corporation (NASDAQ: AINV), a publicly traded business development company managed by Apollo Investment Management, L.P., an affiliate of Apollo. The A220 is a core part of the future of Delta’s domestic fleet, with state-of-the-art interior and best-in-class fuel efficiency. Apollo Global Management, Inc., is a global alternative investment manager firm. Apollo Global Management, Inc. 1 Manhattanville Road, Suite 201 Purchase, NY 10577 +1 (914) 694-8000 Powered by technologically advanced Pratt & Whitney PW1500G geared turbofan engines and incorporating composite materials, the A220 also offers reduced noise and emissions. NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries “Apollo”) and Merx Aviation (“Merx”), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft. Apollo Global Management is one of the largest alternative asset managers serving many of the world’s most prominent investors. We have a value-oriented approach across … In a time of significant market stress, the Apollo platform and Merx were able to act as a capital solutions provider in a transaction that contributes to Delta’s increased financial liquidity to manage a challenging aviation market. For more information about Apollo, please visit www.apollo.com. Apollo is a relatively small organization, but we can provide uncommon opportunities to our investors, thanks to our people around the world. The aircraft, manufactured in 2019, were acquired by an aviation platform established by Apollo, which invests in a diverse set of aircraft types, vintages and jurisdictions and is serviced by Merx. Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. Stock analysis for Apollo Global Management Inc (APO:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. You’ll find that we partner across regions, as well as businesses, and we all share a global perspective. Gary M. Stein Head of Investor Relations Apollo Global Management, Inc. (212) firstname.lastname@example.org, Ann DaiInvestor Relations ManagerApollo Global Management, Inc.(212) email@example.com, Joanna Rose Global Head of Corporate Communications Apollo Global Management, Inc. (212) firstname.lastname@example.org, Apollo Investment Corporation (NASDAQ: AINV), Apollo Commercial Real Estate Finance, Inc. (NYSE: ARI), Senior Floating Rate Fund Inc. (NYSE: AFT). Apollo had assets under management of approximately $316 billion as of March 31, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. Gary Rothschild, CEO of Merx and Head of Aviation Finance at Apollo, said: “We are pleased to have closed this transaction with Delta, one of the world’s leading airlines, and to add the new and innovative A220 aircraft type to our portfolio. We look forward to continuing our relationship with Delta and other airlines to provide greater financial flexibility.”. From any Apollo office you’re connected to six American offices, four in Europe and five in Asia. It was … NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries “Apollo”) and Merx Aviation (“Merx”), a global aircraft leasing, management and finance company, announced the completion by certain funds managed by affiliates of Apollo and Merx of a sale and leaseback transaction with Delta Air Lines of ten Airbus A220-100 aircraft.
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