Apollo Aviation Group Completes $595 Million Fund Raise

           Apollo Aviation Group Completes $595 Million Fund Raise

PR Newswire

MIAMI, February 6, 2013

MIAMI, February 6, 2013 /PRNewswire/ --

Apollo Aviation Group (Apollo Aviation) and Sciens Capital Management LLC
jointly announced today that Apollo Aviation raised approximately $595 million
from a broad array of investors for its second aviation fund, Sciens Aviation
Special Opportunities Investment Fund II (SASOF II). SASOF II is managed by
Apollo Aviation, a full service commercial aircraft asset manager jointly
owned by its founders and principals, William Hoffman and Robert Korn, and by
an affiliate of Sciens Capital Management LLC. SASOF II is a follow-on fund
to the $213 million Sciens Aviation Special Opportunities Investment Fund
(SASOF), which was raised in 2010.

"SASOF II will seek to acquire mid-life commercial aircraft for lease and/or
immediate disassembly and resale of the systems, components and parts" said
Mr. Hoffman, Apollo Aviation's Chairman. As of today, SASOF II has acquired
12 commercial aircraft and three engines including Boeing 737 NG, Airbus A320
CEO and A340 aircraft models. Nine of these aircraft are on lease and Apollo
Aviation currently plans for the remainder to be either sold or disassembled
with the parts then being sold.

Sciens Chief Executive Officer John Rigas said "We are delighted with the
accomplishments and growth of Apollo Aviation. They have now become the global
leader in managing mid-life and end of life commercial aircraft and we look
forward to our continuing cooperation in the future."

About Apollo Aviation

Apollo Aviation is an aviation asset manager with offices in the U.S., Ireland
and Singapore. Apollo Aviation's activities include acquiring, refurbishing,
marketing and leasing commercial jet aircraft, engines and related assets as
well as "parting out" commercial aircraft.Founded in 2002, Apollo Aviation
has grown from a small advisory boutique to a leading full-service aviation
asset manager. Apollo Aviation has over $1.4 billion of aviation assets under
management (including commitments to SASOF II) representing over 110 aircraft
and 70 aircraft engines.

About Sciens Capital Management

Sciens Capital Management is a global alternative asset manager based in New
York. Founded in 1988, it has been successfully managing alternative assets
since 1994. Sciens and its affiliates manage or advise on approximately $5.1
billion for institutional and high net worth investors through its private
equity, real assets, funds of hedge funds and managed account platform

SOURCE Apollo Aviation and Sciens Capital Management LLC

Contact: APOLLO AVIATION, David H. Treitel, Apollo Aviation Group, 848
Brickell Avenue Suite 500, Miami, FL33133, Tel: +1-305-764-3898, Email:
davet@apollo.aero; SCIENS CAPITAL MANAGEMENT LLC, Office of John P. Rigas,
Sciens Capital Management, 667 Madison Avenue, New York, NY10065, Tel:
+1-212-471-6100, Email: csantos@scienscapital.com
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