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.