Apollo Global Management (APO) Explores Potential Sale of Aviation Company, Atlas Air Worldwide Holdings Inc., Reports Bloomberg

Apollo Global Management, Inc. (NYSE:APO) is one of the High Growth Large Cap Stocks to Buy Right Now. On December 16, Bloomberg reported that Apollo Global Management, Inc. (NYSE:APO) has been exploring a potential sale of its aviation company, Atlas Air Worldwide Holdings Inc. The investment firm happens to be in early stages of considering a potential divestment, and they are seeking to value the business at over $12 billion, including debt.

Apollo Global Management (APO) Explores Potential Sale of Aviation Company, Atlas Air Worldwide Holdings Inc., Reports Bloomberg

Bloomberg further added that the aircraft leasing sector witnessed increased consolidation over the years, which includes a $7.4 billion sale in September of Air Lease Corp. Atlas Air provides aircraft leasing as well as charter flights with its fleet of Boeing Co. jets, which include 747s, 777s, 767s, and 737s, noted Bloomberg, while quoting the company’s website.

In 2022, an investor group led by Apollo Global Management, Inc. (NYSE:APO) decided to acquire Atlas Air for ~$5.2 billion, which included debt.

In a different update, Apollo Global Management, Inc. (NYSE:APO) announced that Apollo-managed funds decided to acquire a majority stake in Prosol Group from Ardian. Notably, Apollo Global Management, Inc. (NYSE:APO) continues to invest in France for over 2 decades, having ~€14 billion invested with French companies throughout its strategies.

Apollo Global Management, Inc. (NYSE:APO) is a private equity firm that specializes in investments in credit, private equity, infrastructure, secondaries, and real estate markets.

While we acknowledge the potential of APO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APO and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.