PK AirFinance closes first aircraft loan ABS

PK AirFinance, Apollo Global Management’s aviation lending platform, has closed its first loan asset-backed securitisation (ABS), PK ALIFT loan funding 3 Series 2024-1 (PKAIR 2024-1). PKAIR 2024-1 issued over $622 million of notes. The notes will be used to acquire the rights to a portfolio of aviation loans through a 100% series limited partnership interest in a PK-managed origination vehicle. “PK is excited to close this strategically significant transaction which diversifies our financing sources and supports our integrated aviation platform’s demand for directly originated aviation assets,” said Gary Rothschild, CEO of PK AirFinance. “This transaction – supported by a AAA