Tuesday, November 16, 2010

Apollo Aviation Group Completes $213 Million Fund Raise

MIAMI--(BUSINESS WIRE)-- Apollo Aviation Group announced today that it raised $213 million from a broad array of domestic and international investors for its aviation fund, the Sciens Aviation Special Opportunities Fund (SASOF). SASOF is managed by an affiliate of Apollo Aviation Group, a full service commercial aircraft investment and asset manager jointly owned by its founders and principals, William Hoffman and Robert Korn, and Sciens International Investments and Holdings S.A., an affiliate of Sciens Capital Management.

“SASOF will acquire commercial aircraft for short term lease and/or immediate disassembly and resale of the systems, components and parts,” said Hoffman, Apollo’s Chairman. “The fund has already completed the purchase of 11 commercial aircraft, is now contracting to acquire......

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