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Apollo Global Management is in advanced talks to acquire private jet fixed-base operator Atlantic Aviation from KKR & Co. in a move that is expected to value the company at approximately $10 billion.
The buyout may be made public in the coming days, although the process is ongoing and KKR could withdraw from its plan to offload its share of the company, Bloomberg reported, citing sources it didn’t identify.
Apollo is partnering with GIC Pte to purchase a controlling holding in Atlantic Aviation, while KKR is looking inject fresh investment into the company …
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