L’imad Holding eyes stake in Apollo's Atlas Air cargo unit

Apollo: Apollo is Apollo Global Management, an alternative asset manager that owns and operates aviation and logistics businesses including Atlas Air Worldwide Holdings, a major global air cargo operator. The firm is exploring strategic options for its aviation holdings, with recent interest from Abu Dhabi’s L’imad in acquiring a stake in the Atlas Air unit. Apollo continues to manage and monetize hard-asset investments in supply chain and transportation sectors. L'imad Holding: L’imad Holding is a sovereign investor owned by the Government of Abu Dhabi focused on long-term investments in strategic sectors including ports, logistics, energy, and infrastructure. Through its subsidiary ADQ, it is consolidating ownership in AD Ports Group as part of building a broader Ports & Logistics platform that includes assets like Etihad Rail and Aramex. The firm is actively evaluating aviation opportunities such as a potential stake in Apollo’s Atlas Air cargo business to deepen its transport footprint. Logistics Diversification: Abu Dhabi is expanding alternative land, rail, and port routes to bypass the Strait of Hormuz for cargo and energy movements. Infrastructure Partnerships: L’imad recently partnered with Azerbaijan Investment Holding to pursue joint investments in transport infrastructure and regional connectivity.