KKR commits to invest $1bn with Altavair

Global investment firm, KKR, and Altavair AirFinance have entered into an agreement to form a long-term partnership to create a global portfolio of leased commercial aircraft. KKR will make a $1 billion capital commitment primarily from its credit and infrastructure funds, which may be supplemented with additional commitments over time, to acquire commercial aircraft in partnership with Altavair over the next several years and Altavair will be KKR’s partner for aircraft leasing investments going forward. KKR will also acquire a 50% interest in Altavair as part of the long-term partnership. KKR’s initial investment will go towards the acquisition of six