Apollo Weighs Potential $12 Billion Sale of Atlas Air
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000An Atlas Air Cargo plane prepares to take off from the Miami International Airport.Apollo Global Management Inc. is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings Inc., according to people familiar with the matter.The US investment firm is in the early stages of considering a potential divestment of Atlas Air and may seek to value the business at more than $12 billion including debt, some of the people said, asking not to be identified because the deliberations are private. Other industry players and private equity firms have shown preliminary interest in acquiring closely held Atlas Air, the people said.