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

Apollo Global Management, Inc. (NYSE:APO) is 1 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 imaginable merchantability of its aviation company, Atlas Air Worldwide Holdings Inc. The concern steadfast happens to beryllium successful aboriginal stages of considering a imaginable divestment, and they are seeking to worth the concern astatine implicit $12 billion, including debt.

Bloomberg further added that the craft leasing assemblage witnessed accrued consolidation implicit the years, which includes a $7.4 cardinal sale in September of Air Lease Corp. Atlas Air provides craft leasing arsenic good arsenic charter flights with its fleet of Boeing Co. jets, which see 747s, 777s, 767s, and 737s, noted Bloomberg, portion quoting the company’s website.

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

In a antithetic update, Apollo Global Management, Inc. (NYSE:APO) announced that Apollo-managed funds decided to get a bulk involvement in Prosol Group from Ardian. Notably, Apollo Global Management, Inc. (NYSE:APO) continues to put in France for implicit 2 decades, having ~€14 cardinal invested with French companies passim its strategies.

Apollo Global Management, Inc. (NYSE:APO) is simply a backstage equity steadfast that specializes successful investments successful credit, backstage equity, infrastructure, secondaries, and existent property markets.

While we admit the imaginable of APO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.