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Atlantic Aviation Valued Close to $10B With Private Equity Injection

Apollo Global Management funds acquire ‘significant interest’ in FBO under new strategic partnership.

Atlantic Aviation FBO
Private investors continue to bet on aviation infrastructure providers such as Atlantic Aviation, which has more than 100 North American FBO locations. [Credit: Atlantic Aviation]
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Key Takeaways:

  • Apollo Global Management funds have acquired a significant interest in Atlantic Aviation, an FBO network valued at nearly $10 billion, with KKR retaining a substantial stake.
  • Atlantic Aviation operates one of the world's largest FBO networks and is actively preparing for future aviation, including developing electrified vertiports for eVTOL aircraft.
  • The deal underscores a growing trend of private equity firms investing heavily in FBOs and aviation infrastructure due to their perceived stability and increasing demand.
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Apollo Global Management said Thursday that its managed funds have taken a “significant interest” in Atlantic Aviation, which operates one of the world’s largest FBO networks. Apollo said the deal values Atlantic at nearly $10 billion.

Atlantic offers fueling, maintenance, deicing, hangar leasing, and concierge services for private aircraft out of more than 100 North American locations. The company also seeks to accommodate future aircraft, including electric vertical takeoff and landing (eVTOL) air taxis, by building a network of electrified vertiports under its Vertiports by Atlantic (VbA) unit.

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.

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