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Stock impact report

Credit managers that embraced aircraft investing face uncertain future [Reuters]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Reuters
Credit managers that embraced aircraft investing face uncertain future NEW YORK, April 7 (LPC) - In the years that followed the global financial crisis, private debt managers added myriad strategies to their product suite, including niche ones like aircraft investing, an industry now at the epicenter of the fallout from the coronavirus pandemic. Attracted by higher investment returns during years of low-interest rates, some of the most prominent managers in private debt, including the Carlyle Group, KKR, and Apollo Global Management, found their way into the sector. Aircraft leasing and aircraft asset-backed securities are the main investment strategies. The former is how airlines finance their airplanes, the latter a way for credit managers to finance aircraft acquisitions. Returns for aircraft leasing can depend on the age and type of the planes. Younger, smaller airplanes return the least at 3-5%, and older, larger aircraft, the most at 10-12%, a survey by British aviation finance Show less Read more
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