KKR to invest an additional $1.15B in aircraft leasing with Altavair

KKR and Altavair L.P. announced that KKR is making an additional $1.15B commitment to expand its global portfolio of leased commercial aircraft in partnership with Altavair. The investment will come from KKR’s credit and infrastructure funds. KKR has deployed and committed $1.7B of capital into aircraft deals since forming a partnership with Altavair and acquiring an interest in the company in 2018. KKR, in partnership with Altavair, has acquired more than 90 commercial and freighter aircraft through a variety of transactions, including lessor trades, airline direct used and new delivery sale leasebacks, structured transactions and passenger-to-freight conversions and has successfully leased more than 75% of the portfolio to tier-one airlines and operators around the world. "We are thrilled to deepen our footprint in aircraft leasing through this new commitment, which underscores the conviction that we have in this space and our confidence in Altavair as a partner," said Dan Pietrzak, KKR Partner and Co-Head of Private Credit. "We look forward to growing our portfolio further to support the fleet needs of airlines and operators around the world."