PK AirFinance launches third aviation loan securitisation 

Apollo PK AirFinance has launched its third aviation loan asset backed securitisation (ABS) with the $633 million PK AIRLIFT Loan Funding 4 (PKAIR 2024-2).   PKAIR 2024-2 – the second loan ABS from PK AirFinance this year – is comprised of five tranches of loans. $103 million A-F notes, with an initial LTV of 65.6% based on loan balance and 38.7% based on collateral balance, are triple-A rated and will be priced with an interest rate based on SOFR plus a spread. The $334 million A notes, also rated triple-A and with the same LTV ratios as the A-F notes,