Apollo discusses EUR 1.5B financing for Air France-KLM loyalty program

Apollo (APO) announced that it has entered into exclusive discussions regarding a EUR 1.5 billion financing for Air France-KLM’s (AFLYY) Flying Blue Loyalty program with commercial partners. The bespoke transaction, part of Apollo’s high-grade partnerships, would provide one of the world’s leading airlines with a custom capital solution to further strengthen its balance sheet and support its leading Loyalty program with commercial partners. Apollo Partner Jamshid Ehsani said, “Apollo is very pleased to enter into exclusive discussions with Air France-KLM, deepening our partnership with one of the world’s leading airlines. The contemplated transaction highlights our ability to work with companies as long-term partners to provide creative, scaled capital solutions that are responsive to their unique needs.”