Redcliffe advised GE Capital on obtaining merger clearance for the sale of PK AirFinance and its USD3.6 bn aviation loan book

Redcliffe Partners has advised GE Capital, the financial services division of General Electric Company (GE), on obtaining merger clearance from the Ukrainian competition authority in connection with the sale of the PK AirFinance aviation lending business to Apollo Global Management (Apollo) and Athene Holding Ltd. (Athene). As part of this transaction, Apollo has acquired the PK AirFinance aircraft lending platform and Athene has acquired PK AirFinance's existing portfolio of loans.

Redcliffe’s team working on the transaction consisted of partner Anastasia Usova, senior associate Nataliya Kovalyova and associate Tetyana Smurova.

PK AirFinance is a leading provider and arranger of loans secured by commercial aircraft, aircraft engines and helicopters. PK AirFinance serves airlines, aircraft traders, lessors, investors, financial institutions and manufacturers worldwide.

GE is a global high-tech focused company which core business units include GE Renewable Energy, GE Power, GE Healthcare, GE Aviation, GE Digital, GE Capital, and GE Lighting. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics."