KKR Commits $1.4B to Altavair to Expand Aircraft Leasing Platform
KKR is deepening its exposure to aviation finance with a $1.4 billion equity investment in Altavair, a commercial aircraft leasing and financing platform.
The investment builds on a longstanding partnership between the two firms and will be funded primarily through KKR’s infrastructure and asset-based finance strategies. It follows two prior aircraft leasing portfolios developed jointly with Altavair.
“Aircraft leasing continues to benefit from strong secular tailwinds, including rising global travel demand and airlines’ need for flexible financing solutions,” said Brandon Freiman, partner and head of North American infrastructure at KKR.
Since forming their partnership in 2018, KKR and Altavair have committed more than $8 billion to aircraft leasing and lending transactions. Together, they have acquired 188 commercial aircraft and engine assets through a range of structures, including sale-leasebacks, lessor trades, passenger-to-freight conversions, and other structured transactions. The assets have been leased to 67 airline and cargo operators globally.
Altavair CEO Steve Rimmer said the expanded capital base will support airlines facing significant fleet funding requirements in the years ahead, positioning the firm to scale its financing capabilities across the aviation ecosystem.
KKR has invested more than $12 billion in the aviation sector since 2015, spanning platforms such as AV AirFinance, Atlantic Aviation, and KKR DVB Aviation Capital.
