KKR acquires Altavair in $1.4 billion deal
The $1.4 billion commitment from KKR's Infrastructure and Asset-Based Finance strategies will fuel fleet growth as airlines look for liquidity and flexibility amid rising travel demand.
Takeaways
- Altavair is a aviation asset manager focusing on commercial aircraft leasing.
- KKR and Altavair are classified as a platform transaction.
- The target serves airlines and cargo operators across Global.
KKR committed $1.4 billion in equity to Altavair, an aviation asset manager that acquires and leases commercial aircraft to airlines and cargo operators globally.
Since its founding in 2003, Altavair has completed more than $14.5 billion in lease transactions, placing over 300 Boeing and Airbus aircraft with more than 80 airline customers across 50 countries.
The deal extends an eight-year partnership; KKR-managed funds have committed over $8 billion to aircraft leasing and lending alongside Altavair since 2018, acquiring 188 aircraft for lease to 67 operators.
“Our strategic partnership with KKR has grown stronger over the past eight years, and this latest commitment reflects the trust we have built together,” said Steve Rimmer, CEO of Altavair.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.