POST Online Media Lite Edition



 

KKR commits to invest $1 billion with Altavair

Staff Writer |
KKR announced that the two firms have entered into an agreement to form a long-term partnership to pursue the creation of a leading, global portfolio of leased commercial aircraft.

Article continues below




KKR will make a $1 billion capital commitment primarily from its credit and infrastructure funds, which may be supplemented with additional commitments over time, to acquire commercial aircraft in partnership with Altavair over the next several years and Altavair will be KKR’s partner for aircraft leasing investments going forward. KKR will also acquire a 50% interest in Altavair as part of the long-term partnership.

KKR’s initial investment will go towards the acquisition of six cargo aircraft on long-term lease with a diverse group of airline counterparties.


What to read next

New commercial bakery in city of Virginia Beach, Va.
SoftBank Vision Fund to invest $2.25 billion in GM Cruise
Jaguar Land Rover to invest $2 billion in Slovakia