Apollo Global and Athene completed the acquisition of PK AirFinance from GE.

Apollo Global, an investment management company, and Athene, a retirement services company, completed the acquisition of PK AirFinance, an aircraft lending company serving airlines, from the financial services company of General Electric. Financial terms were not disclosed. “Apollo’s vast lending experience, complementary platforms, and exceptional track record across diversified assets and geographies make it the ideal partner to accelerate PK AirFinance’s growth. This sale is aligned to GE Capital’s overall strategy to become smaller and simpler, and our commitment to reduce our assets by $10bn in 2019 is now more than halfway complete," Alec Burger, GE Capital President & CEO.