Apollo Global Management and Athene Holding completed the acquisition of PK AirFinance from General Electric.

Apollo Global Management and Athene Holding completed the acquisition of PK AirFinance, an aircraft lending business that serves airlines, aircraft traders, lessors, investors, and financial institutions, from the financial services arm 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.