KKR to invest and acquire a 50% stake in Altavair AirFinance for $1bn.

KKR and Altavair AirFinance, a leader in commercial aviation finance, entered into an agreement to form a long-term partnership to pursue the creation of a leading, global portfolio of leased commercial aircraft. KKR will make a $1bn capital commitment 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. “Since our first investment in aircraft in 2015, we’ve recognized the increasing demand for both passenger and freighter aircraft. The decades-long proven track record that Altavair brings to this partnership is impressive and it is exactly the kind of company we were looking for when we sought out continued investment in aviation." Dan Pietrzak, KKR Member.