- Apollo’s potential investment will be non-dilutive, structured via quasi-equity financing instrument
- Apollo completed a €500m investment into an operating affiliate of Air France in July
- Apollo is a global alternative asset manager based in New York
Apollo Global Management has entered negotiations with Air France-KLM for a €500 million funding into an affiliate of Air France that owns engineering and maintenance assets.
The proceeds of the potential transaction will be allocated to general corporate purposes, according to a release.
Apollo’s potential funding will be non-dilutive and structured via a quasi-equity financing instrument, the release added.
The financing structure will involve no change on operational and social aspects, the release said.
The instrument would be qualified as equity under IFRS.
Apollo, in July 2022, completed a €500 million investment into an operating affiliate of Air France that owns a pool of spare engines dedicated to Air France’s engineering and maintenance activities.
Apollo is a global alternative asset manager based in New York. The firm managed around $548 billion of assets as of 31 December 2022.
Air France is an international airline based in Paris, France.
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