Apollo Global Nears $10 Billion Deal to Acquire Atlantic Aviation from Rival KKR

Apollo Global Management is closing in on a major acquisition that would see it take control of Atlantic Aviation from private equity rival KKR & Co. The potential transaction, which sources indicate could value the private jet services company at nearly $10 billion, signals a significant consolidation play within the high-value aviation infrastructure sector. This move places two of the industry's largest buyout firms in direct competition over a key asset.

The deal centers on Atlantic Aviation, a leading fixed-base operator (FBO) that provides critical fueling, hangar, and terminal services for private aircraft. KKR has owned the company since 2021. A successful acquisition by Apollo would represent one of the largest private equity deals in the aviation services space this year, underscoring continued investor appetite for assets tied to private air travel and logistics networks.

The near-$10 billion valuation highlights the strategic premium placed on essential aviation infrastructure. A transaction of this scale between major financial players like Apollo and KKR would reshape the competitive landscape for FBOs and could prompt further scrutiny and dealmaking within the sector as firms seek to secure similar platform assets.