Apollo Aviation Group Completes $213 Million Fund Raise

November 15, 2010, Miami - Apollo Aviation Group announced today that it raised $213 million from a broad array of domestic and international investors for its aviation fund, the Sciens Aviation Special Opportunities Fund (SASOF). SASOF is managed by an affiliate of Apollo Aviation Group, a full service commercial aircraft investment and asset manager jointly owned by its founders and principals, William Hoffman and Robert Korn, and Sciens International Investments and Holdings S.A., an affiliate of Sciens Capital Management. “SASOF will acquire commercial aircraft for short term lease and/or immediate disassembly and resale of the systems, components and parts,” said Hoffman, Apollo’s Chairman. “The fund has already completed the purchase of 11 commercial aircraft, is now contracting to acquire 16 more, including Boeing 747-400, 757-200 and 767-200 aircraft, as well as the Airbus A300-600 and A320-200, and expects to continue acquiring older aircraft for another year.” ”The Fund is designed to capitalize on the profit opportunities afforded by the very large decline in used commercial aircraft values that resulted from the worldwide economic crisis,” said Korn, Apollo’s President. “The sourcing of $213 million domestically and internationally is an endorsement of our business model and strategic plan that acquires assets that make good end-of-life cycle candidates in the near- to medium-term,” said David Treitel, Managing Director. “We have acquired more than 70 aircraft since June, taking advantage of the opportunities that exist in the changing commercial aviation environment.” About Apollo Aviation Group Apollo Aviation Group is an aviation asset manager with offices in the U.S., Ireland and Singapore. Apollo’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 has grown from a small advisory boutique to a leading full-service aviation asset manager. Following the close of the Fund, the Apollo Aviation Group has over $800 million of assets under management representing over 100 aircraft. About Sciens Capital Management and Sciens International Investments & Holdings S.A. Sciens International Investments & Holdings S.A. is listed on the Athens Stock Exchange (Bloomberg Code:SCIENS GA, RIC: SCIr.AT). Sciens is an alternative assets business which invests globally in private equity, private debt, real estate, aviation and alternative asset managers. Sciens is affiliated with Sciens Capital Management, a global alternative asset manager based in New York.