KKR commits $1 bln to Altavair AirFinance partnership

KKR said Jan. 3 that it is committing $1 billion to a partnership with Altavair AirFinance, that will include buying a 50 percent stake in the commercial aviation finance company. KKR said it will also buy commercial aircraft with Altavair, who will also be KKR’s partner for aircraft leasing investments going forward. KKR’s initial investment will go towards buying six cargo aircraft on long-term lease with a diverse group of airline counterparties. KKR was advised by Simpson Thacher & Bartlett. Altavair was advised by Milbank.

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