News / Atlas Air takeover stumbles as US authorities take a closer look

Atlas Air

Atlas Air’s takeover by Apollo Global Management was expected to close in the first quarter – but it looks as if progress may have been hampered by regulatory authorities.

Yesterday, the US Department of Justice (DoJ) said its focus on “potentially illegal interlocking directorates” had forced a number of directors to resign from corporate boards owing to “interlocking” interests.

Two Apollo-related directors of Amazon Air supplier Sun Country Airlines were among them.

The DoJ noted: “Sun Country and Atlas Air both provide crew, ...