Transportation

KKR Explores $10 Billion Sale of Atlantic Aviation

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KKR & Co. is weighing options for Atlantic Aviation, including a potential sale that could value the private jet fixed base operator at about $10 billion, people familiar with the matter said.

The private equity firm is working with advisers to gauge interest from potential buyers for the business, according to the people. A stake sale or an initial public offering are alternatives under consideration, they said.