KKR, a leading global investment firm, has partnered with Altavair, a specialist in aviation finance, to invest $1.15 billion in the aircraft leasing industry. The investment will be used to acquire a portfolio of commercial aircraft, which will be leased to airlines around the world.
The aircraft leasing industry has been growing rapidly in recent years, as airlines look to reduce their capital expenditures and focus on their core business of flying passengers and cargo. Leasing allows airlines to access the latest aircraft models without having to make large upfront investments, and also provides them with greater flexibility in managing their fleets.
KKR and Altavair’s investment will focus on acquiring mid-life and older aircraft, which are in high demand from airlines looking to replace their aging fleets. The portfolio will include a mix of narrow-body and wide-body aircraft, with a focus on models that are in high demand from airlines in emerging markets.
The partnership between KKR and Altavair brings together two experienced investors with deep expertise in the aviation industry. KKR has a long history of investing in transportation and infrastructure assets, while Altavair has a proven track record in aircraft leasing and management.
The investment also reflects KKR’s commitment to sustainability and responsible investing. The firm has set ambitious targets for reducing greenhouse gas emissions across its portfolio, and has been actively investing in renewable energy and other sustainable infrastructure assets.
The aircraft leasing industry is expected to continue growing in the coming years, driven by increasing demand for air travel in emerging markets and the need for airlines to replace their aging fleets. KKR and Altavair’s investment positions them well to take advantage of these trends, while also providing airlines with the aircraft they need to meet their growing demand for air travel.
Overall, the partnership between KKR and Altavair is a significant development for the aircraft leasing industry, and underscores the continued importance of this sector in the global aviation industry. With their combined expertise and resources, KKR and Altavair are well positioned to capitalize on the opportunities in this dynamic and growing market.
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