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How much did Air France-KLM pay Apollo?

Following the signing on October 26, 2023, of a definitive agreement between Air France-KLM and Apollo (NYSE: APO) regarding the financing of a dedicated operating affiliate of Air France-KLM, the companies today announce that they have completed the transaction for an upsized total amount of €1.5 billion.

What happened between Apollo and Air France-KLM?

This financing is the third transaction between Apollo and Air France-KLM within the last 18 months. Apollo Partner Jamshid Ehsani said, “Apollo is pleased to continue to serve as a capital partner to Air France-KLM.

How did Apollo invest in Air France-KLM?

Apollo leveraged its cross-platform expertise, including in aviation and high grade partnerships to execute the investment. This is the second transaction between Apollo and Air France-KLM within a year, with Apollo funds, affiliates and clients committing EUR 1 billion in total.

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