KKR invests $1.15bn in aircraft leasing in partnership with Altavair

Private equity giant KKR has announced that it is investing $1.15bn in aircraft leasing in partnership with Altavair, a leading aircraft leasing company. The investment will be used to acquire a portfolio of 38 aircraft, including narrow-body and wide-body planes, from airlines around the world.

The deal is part of KKR’s strategy to expand its presence in the aviation industry, which has been hit hard by the COVID-19 pandemic. The global aviation industry has been severely impacted by the pandemic, with airlines around the world grounding their fleets and cutting back on flights in response to the drop in demand for air travel.

Despite the challenges facing the aviation industry, KKR sees an opportunity to invest in aircraft leasing, which is a key part of the industry’s infrastructure. Aircraft leasing companies provide airlines with access to a wide range of planes, which they can use to meet their operational needs without having to purchase them outright. This allows airlines to manage their costs more effectively and respond quickly to changes in demand.

Altavair is a leading player in the aircraft leasing industry, with a portfolio of over 200 planes and a strong track record of delivering value to its customers. The company has a global network of airline customers, including major carriers such as Delta Air Lines, United Airlines, and Air France.

The partnership between KKR and Altavair is expected to create significant synergies, as both companies bring complementary strengths to the table. KKR’s expertise in private equity and asset management will help to drive growth and create value for Altavair’s customers, while Altavair’s deep knowledge of the aviation industry will help KKR to navigate the complex regulatory environment and identify attractive investment opportunities.

The investment in aircraft leasing is also part of KKR’s broader focus on sustainable investing. The company has committed to investing in companies that are aligned with the United Nations Sustainable Development Goals, which include goals related to climate change, sustainable infrastructure, and responsible consumption and production.

Aircraft leasing is a key part of the sustainable infrastructure landscape, as it enables airlines to access the latest fuel-efficient planes and reduce their carbon footprint. KKR’s investment in Altavair is therefore consistent with its commitment to promoting sustainable development and addressing climate change.

In conclusion, KKR’s investment in aircraft leasing in partnership with Altavair is a significant move that reflects the company’s confidence in the long-term prospects of the aviation industry. Despite the challenges facing the industry in the short term, KKR sees an opportunity to invest in a key part of the industry’s infrastructure and create value for its customers. The partnership between KKR and Altavair is also consistent with KKR’s broader focus on sustainable investing, which is an important consideration for investors in today’s world.

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• Source: Plato Data Intelligence: PlatoData