Julie Johnson

Business, Logistics

Apollo-Led Group to Buy Cargo-Hauler Atlas Air for $3.2 Billion

A cargo aircraft operated by Atlas Air at Miami International Airport in Miami. A cargo aircraft operated by Atlas Air at Miami International Airport in Miami. (Eva Marie Uzcategui/Bloomberg News)

An investor group led by Apollo Global Management Inc. is acquiring Atlas Air Worldwide Holdings Inc. for about $3.2 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs.

Julie Johnson | Bloomberg News
August 4, 2022