US investment fund KKR signs long-term partnership with Altavair AirFinance

Altavair AirFinanceThe US investment fund Kohlberg Kravis Roberts & Co (KKR) has signed an agreement on a long-term partnership with the American Altavair AirFinance, specializing in aircraft leasing, under which KKR has pledged to invest 1 billion USD.

“KKR and Altavair AirFinance have announced that they have entered into an agreement to form a long-term partnership to create a leading company with a global portfolio of leased commercial aircraft”, says the official statement of the fund. “KKR will commit 1 billion USD mainly from its credit and infrastructure funds, which will be used to purchase commercial aircraft in partnership with Altavair AirFinance over the next few years, and Altavair AirFinance will partner with KKR in investing in aircraft leasing”, adds the message from KKR.

As part of a long-term partnership, KKR will also acquire a 50% stake in Altavair AirFinance.

The KKR fund was established in 1976. Its shares are traded on the New York Stock Exchange. The net profit of the investment fund in the first three quarters of the previous year increased 1.8 times, to 1.5 billion USD.