Money Makers Mentor

Delta Air Lines Completes Transaction with Funds Managed by Apollo and Merx Aviation

Today Apollo Global Management, Inc. (Apollo) announced the completion by certain funds managed by affiliates of Apollo and Merx Aviation (Merx) of a sale and leaseback transaction with Delta Air Lines. The transaction pertains to specifically to ten Airbus A220-100 aircraft. 

The Airbus A220-100 aircraft was manufactured by Delta Air Lines in 2019. Subsequently, the aircrafts were acquired by an aviation platform established by Apollo.

The A220 is a core part of the future of Delta’s domestic fleet. Significantly, the aircraft sports a state-of-the-art interior and best-in-class fuel efficiency. The A220 also offers reduced noise and emissions. This is made possible by the Pratt & Whitney PW1500G geared turbofan engines and incorporating composite materials. 

Gary …

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