KKR has made a $1.4 billion equity commitment to support the continued growth of its global portfolio of leased commercial aircraft alongside Altavair, a commercial aviation leasing and financing platform.
The capital will primarily be deployed through KKR’s Infrastructure and Asset-Based Finance strategies and builds on two previous aircraft leasing portfolios established with Altavair. Altavair specializes in commercial aviation leasing and financing, providing capital services to airlines and aviation stakeholders worldwide. Since forming their strategic partnership in 2018, KKR and Altavair have acquired 188 commercial aircraft and engine assets through transactions including lessor portfolio acquisitions, airline sale-leasebacks, passenger-to-freight conversions, and structured financings. The partnership has leased aircraft and engines to 67 airline and cargo operators globally.