An investor group led by
A transaction may be announced as soon as this week, assuming talks don’t fall apart at the last minute, said the people, who requested anonymity discussing a private transaction. The purchase price is around $3.2 billion on a fully diluted basis, one of the people said.
An Apollo representative declined to comment. An Atlas Air spokesperson didn’t immediately respond to a request for comment.
Shares in Purchase, N.Y.-based ...