KKR Commits to Invest $1 Billion with Altavair
January 3, 2019
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KKR will make a
KKR’s initial investment will go towards the acquisition of six cargo aircraft on long-term lease with a diverse group of airline counterparties.
“Since our first investment in aircraft in 2015, we’ve recognized the
increasing demand for both passenger and freighter aircraft,” said
“Commercial aircraft are critical, long-lived assets that we’ve been
interested in pursuing for several years,” said
Altavair CEO
Formed in 2003, Altavair and its management team have successfully executed multiple commercial aviation leasing and finance strategies during all points within the commercial aviation cycle on behalf of a broad range of domestic and international institutional, insurance and private investors.
KKR was advised by
About KKR
KKR is a leading global investment firm that manages multiple
alternative asset classes, including private equity, energy,
infrastructure, real estate and credit, with strategic partners that
manage hedge funds. KKR aims to generate attractive investment returns
for its fund investors by following a patient and disciplined investment
approach, employing world-class people, and driving growth and value
creation with KKR portfolio companies. KKR invests its own capital
alongside the capital it manages for fund investors and provides
financing solutions and investment opportunities through its capital
markets business. References to KKR’s investments may include the
activities of its sponsored funds. For additional information about
About
View source version on businesswire.com: https://www.businesswire.com/news/home/20190103005132/en/
KKR:
Altavair:
Timothy O’Hara, +1 425-369-8062, timothy.ohara@altavair.com
Source: KKR
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