NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- PK AirFinance ("PK"), a leading aviation lending platform and affiliate of Apollo (NYSE:APO), has closed its inaugural aircraft loan asset-backed securitization: PK ALIFT LOAN FUNDING 3 Series 2024-1 ("PKAIR 2024-1"). PKAIR 2024-1 issued over $622 million of Notes that will be used to acquire the rights to the economics of a portfolio of aviation loans via the acquisition a 100% series limited partnership interest in a PK-managed origination vehicle. PK ALIFT 2024-1 marks the first commercial aircraft loan ABS issuance in 2024 and represents the first1 AAA-rated aviation ABS public issuance in more than 20 years, which PK attributes to the portfolio asset quality as well as its management team and servicing platform. PKALIFT ...