KKR Commits $1.4 Billion to Aircraft Leasing Portfolio in Partnership with Altavair
Simpson Thacher represented KKR in connection with its $1.4 billion equity commitment to continue expanding its global portfolio of leased commercial aircraft in partnership with Altavair. The latest commitment builds on two prior aircraft leasing portfolios created in partnership with Altavair. The investment will primarily come from KKR’s Infrastructure and Asset-Based Finance strategies.
Altavair is an aviation asset manager focusing on the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators. Since its inception in 2003, Altavair has completed over $14.5 billion in commercial aircraft lease transactions with over 80 airline customers in 50 countries representing over 300 individual Boeing and Airbus aircraft.
The Simpson Thacher team for this transaction included Breen Haire, Ana Sanchez, and Alberto Aradillas (M&A).