PK AirFinance

Based in Luxembourg, PK AirFinance is an aviation finance company focusing on providing structured financing solutions secured by commercial aircraft and engines, facilitating transactions within the aviation industry. PK AirFinance, founded in 1983 and headquartered in Luxembourg, specializes in aviation finance by offering loans secured by commercial aircraft and engines. The company was acquired in August 2019 by Athene Holding Ltd. , a portfolio company of Apollo Global Management, from GECAS Asset Management Services, Inc.

This acquisition aims to enhance asset origination capabilities. The founder's history and additional details on subsidiaries are not publicly available. PK AirFinance specializes in providing a variety of financial solutions centered on loans secured by commercial aircraft and aircraft engines. Core offerings include senior secured loans with customizable repayment profiles, finance leases, loan participations, bridge loans, and both Japanese Operating Lease (JOL) and Japanese Operating Lease with Call Option (JOLCO) financings.

These products cater to airlines, aircraft traders, lessors, investors, financial institutions, and manufacturers across North America, Europe, Asia Pacific, and Latin America, facilitated by a team experienced in aviation finance. In 2023, PK AirFinance reported a revenue of USD 5. 74 mn and an EBITDA of USD 3. 12 mn.

Revenue generation is primarily from its structured loan and financing activities tailored to the aviation sector, supported by a portfolio of over USD 3. 5 bn in funded loans backed by more than 275 aircraft assets, with financial backing from Apollo Global Management. Following its acquisition in August 2019, PK AirFinance plans to leverage its new financial backing to enhance its asset origination capabilities. The company aims to expand into new geographic regions, specifically targeting markets in Asia and Latin America by the end of 2024.

The funds from the acquisition are expected to support the development of new financing products, although specific product launch dates have not been disclosed.