Apollo Funds Complete Sale-Leaseback Transaction with GOL
September 08 2022 - 7:00AM
Apollo (NYSE: APO) and GOL Linhas Aéreas Inteligentes S.A. (“GOL”)
today announced the completion of a sale and leaseback transaction,
involving one new Boeing 737 MAX 8 aircraft, between GOL and
certain funds managed by Apollo affiliates (the “Apollo Funds”) and
serviced by Merx Aviation (“Merx”).
The aircraft was acquired by the Apollo Funds upon its delivery
from Boeing in July 2022 and immediately placed on long-term lease
to GOL.
The 737 MAX 8 represents the future of GOL’s fleet and is a key
component of the airline’s transition to more fuel-efficient, new
technology aircraft. Powered by technologically advanced CFM
LEAP-1B engines, the 737 MAX 8 provides longer range that will
allow GOL to offer its customers nonstop service throughout Latin
America, as well as to the Caribbean, Mexico and United States,
while at the same time reducing fuel consumption, carbon emissions
and costs.
Celso Ferrer, CEO of GOL said: “Today’s announcement reinforces
our partnership with industry leaders, such as Merx and we are
delighted to receive another new Boeing 737-MAX 8 with them. GOL’s
Fleet Transformation program was built on the back of the enhanced
performance and productivity of this aircraft and now we have
approximately 50% of our capacity being generated by this new
technology. We are confident that our plan, along with our ability
to access competitive credit lines are our main differential. We
thank Merx executives for their partnership, trust and the
continuous support.”
Gary Rothschild, CEO of Merx and Head of Aviation Finance at
Apollo, said: “We are pleased to expand our existing relationship
with GOL as the airline executes its fleet renewal strategy, and as
we continue to migrate our own portfolio to the newest and most
fuel-efficient fleet types. We look forward to working with
the GOL team in the years ahead.”
About GOL Linhas Aéreas Inteligentes
S.A.
GOL is the largest airline in Brazil, leader in
the corporate and leisure segments. Since founded in 2001, the
Company has the lowest unit cost in Latin America, thus
democratizing air transportation. The Company has alliances with
American Airlines and Air France-KLM, besides several codeshare and
interline agreements available to Customers, bringing more
convenience and simple connections to any place served by these
partnerships. With the purpose of “Being the First for All”, GOL
offers the best travel experience to its passengers, including: the
largest number of seats and more space between seats; the greatest
platform with internet, movies and live TV; and the best
frequent-flyer program, SMILES. In cargo transportation, GOLLOG
delivers orders to different regions in Brazil and abroad. The
Company has a team of 14,000 highly qualified aviation
professionals focused on Safety, GOL’s #1 value, and operates a
standardized fleet of 144 Boeing 737 aircraft. The Company’s shares
are traded on the NYSE (GOL) and the B3 (GOLL4). For further
information, visit www.voegol.com.br/ri.
About Apollo
Apollo is a high-growth, global alternative asset manager. In
our asset management business, we seek to provide our clients
excess return at every point along the risk-reward spectrum from
investment grade to private equity with a focus on three investing
strategies: yield, hybrid, and equity. For more than three decades,
our investing expertise across our fully integrated platform has
served the financial return needs of our clients and provided
businesses with innovative capital solutions for growth. Through
Athene, our retirement services business, we specialize in helping
clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of June 30, 2022, Apollo had
approximately $515 billion of assets under management. To learn
more, please visit www.apollo.com.
About Merx
Merx Aviation is a global aircraft leasing, management and
finance company based in New York, Dublin and Singapore. For more
information, visit www.merxaviation.com.
Apollo Contact Information
For investors:Noah GunnGlobal Head of Investor
RelationsApollo Global Management, Inc.(212)
822-0540IR@apollo.com
For media:Joanna RoseGlobal Head of Corporate
CommunicationsApollo Global Management, Inc.(212) 822
0491Communications@apollo.com
GOL Contact Information
For investors:ri@voegol.com.br
www.voegol.com.br/ir +55 (11) 2128-4700
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