Apollo and KKR have entered a strategic partnership around Atlantic Aviation, valuing the private aviation infrastructure platform at nearly $10 billion. Apollo-managed funds have bought a significant stake in the fixed-base operator network, while KKR-managed funds remain substantial shareholders in the business, which serves airports across the United States with services including fueling and hangar leasing.
Atlantic Aviation has expanded since KKR acquired it in 2021 through both acquisitions and organic growth. The new ownership structure keeps both firms involved as the business continues to scale in a segment that has attracted steady investor interest, particularly in support services tied to business aviation. The transaction details available publicly do not set out the full ownership split or complete financial terms.