PK AirFinance is a leading provider of loans secured by commercial aircraft and aircraft engines.

About

PK AirFinance is a premier specialized aircraft and aircraft engine lending business with deep expertise in the aviation finance sector. Its comprehensive origination, underwriting, structuring and syndication capabilities are delivered by a team of experienced professionals, whose extensive experience in varied products and geographies was built over several decades and industry cycles.

PK AirFinance has a global footprint with on-the-ground presence in 6 countries serving airlines, aircraft traders, lessors, investors, financial institutions and manufacturers worldwide. PK is managed by affiliates of Apollo Global Management, Inc.

With $40+ billion in gross origination volume spanning 3,000 loans since 1983, the history of PK spans several ownerships by premium asset managers such as Credit Lyonnais (at the time, one of the largest aircraft lenders, today CA-CIB), GECAS and now Apollo, one of the largest alternative investment managers in the world. The strong financial backing of Apollo enables PK to offer large scale financing solutions tailored towards the needs of its aircraft investor and airline clients.

PK’s total managed portfolio is highly diversified across $3.4+ billion of funded loans secured by 400+ assets, operated by 90+ airlines in 50+ countries.

About Apollo

Since its founding in 1990, Apollo Global has grown to become one of the world's largest alternative investment managers. As of March 31, 2024, Apollo Global had total assets under management of approximately $671 billion.

Portfolio

Portfolio Highlights (as of March 2024)

400+
Loans
285+
Aircraft
115+
Engines
90+
Operators
50+
Countries
30+
Years of Experience

Products and Services

Principal Business Activities

The company offers senior secured loans with tailored and customizable repayment profiles including full payout loans, balloon loans, limited recourse loans and syndicated loans. PK’s other financing solutions include finance leases, loan participations, bridge loans, operating lease portfolio financings and both JOL and JOLCO financings.

PK finances both commercial and cargo aircraft as well as spare engines.

PK AirFinance’s deep product and structuring expertise drives strong operating and portfolio performance, while serving the evolving needs of airline and investor customers across business cycles.

PK’s scale and robust financial support from Apollo enables it to offer and execute upon on large scale transactions as the sole lender in many cases resulting in best-in-class execution. PK’s experienced loan servicing capabilities enables the platform to act as administrative agent and security trustee on nearly the entire originated portfolio.

M&A Opportunities

The combination of PK’s deep understanding of aircraft lending, appetite for growth and robust capital support from Apollo contributes to PK’s highly active M&A arm. PK is constantly evaluating opportunities in the secondary aircraft loan portfolio market.

Further, PK’s integration with Apollo and Apollo affiliated financial services firms yields cross-platform collaboration, the ability to finance complex portfolio structures and best-in-class execution.

In 2023, PK successfully acquired a ~$920 million aircraft loan portfolio from Standard Chartered Bank, adding scale and furthering PK’s global reach. For this transaction, PK was awarded the Global Aviation M&A Finance Deal of the year from Airline Economics.

Syndication Deals

For our customers, both airlines and investors alike, PK’s deeply rooted industry relationships and syndication capabilities allows PK to source, arrange and manage diversified and optimized sources of financing. It gives access to new lending relationships while ensuring quality of execution, certainty of delivery and long-term commitment.

For our partners, PK is well-positioned to help bank and non-bank lenders take advantage of aircraft financing opportunities worldwide.

  • PK has arranged aircraft acquisition/disposition and/or financing for 120+ airlines and all aircraft types. Our broad customer base gives us access to a wide range of investment opportunities.
  • PK’s financial and technical expertise enables us to optimize the structure and performance of aircraft financing investments.

In the fast-changing aircraft financing market place, PK offers the kind of experience, global presence and resources that you can count on long term.

Our Team

Europe

Luxembourg

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Kieran Bacon

Portfolio Management Analyst
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Kieran Bacon

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Dhruv Bagri

Legal and Contract Assistant
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Dhruv Bagri

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Iolanda Barros

Administrative Assistant
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Iolanda Barros

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Yvonne Chenery

Senior Vice President Contracts
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Yvonne Chenery

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Saida Douah

Senior Vice President Administration
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Saida Douah

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Virginia Izaguirre

Accounts Assistant
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Virginia Izaguirre

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Janet Lu

Controller
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Janet Lu

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Kinga Stepniewska

Contract Management Assistant
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Kinga Stepniewska

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Haris Zaljevic

Assistant Vice President Administration
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Haris Zaljevic

London

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David Bartlett

Director Legal
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David Bartlett

London

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Christophe Bernardini

Senior Vice President Marketing
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Christophe Bernardini

Toulouse

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Guillaume Degemard

Senior Vice President Marketing
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Guillaume Degemard

London

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Max Jonsson

Vice President Marketing
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Max Jonsson

London

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Eelco van de Stadt

President
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Eelco van de Stadt

North America

New York

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Subbu Alagappan

Managing Director
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Subbu Alagappan

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Michael Bregman

Associate
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Michael Bregman

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Alex Roche

Associate
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Alex Roche

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Gary Rothschild

CEO
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Gary Rothschild

Asia

Singapore

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Claudia Barston

Vice President Marketing
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Claudia Barston

Singapore

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Nelson Lim

Vice President Marketing
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Nelson Lim

Tokyo

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Akiko Kawaguchi

Administrative Assistant
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Akiko Kawaguchi

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Yoshifumi Sakuragi

Senior Vice President Marketing
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Yoshifumi Sakuragi

Locations

Europe

Luxembourg

Le Dome, 2 Avenue Charles de Gaulle,
3rd Floor L-1653 Luxembourg

Toulouse

8 rue de Remusat
31000 Toulouse
France

London

1 Soho Place,
London W1D 3BG

North America

1370 Avenue of the Americas,
32nd Floor,
New York, NY 10019

Asia

Japan

Okura Prestige Tower
2-10-4 Toranomon, Minato-Ku
Tokyo, Japan

Singapore

61 Robinson Road
Level 11 Suite 1, Robinson Centre
Singapore
068893