Apollo Is Said to Weigh Potential $12 Billion Sale of Atlas Air

Apollo Global Management Inc. is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings Inc., according to people familiar with the matter.

The US investment firm is in the early stages of considering a potential divestment of Atlas Air and may seek to value the business at more than $12 billion including debt, some of the people said, asking not to be identified because the deliberations are private. Other industry players and private equity firms have shown preliminary interest in acquiring closely held Atlas Air, the people said.

Considerations are ongoing and Apollo could decide to ...