January 3, 2019 / 12:12 PM / 6 months ago

KKR to invest $1 billion with Altavair to create leased aircraft portfolio

Jan 3 (Reuters) - U.S. private equity giant KKR & Co Inc said it will make a $1 billion capital commitment to create a portfolio of leased commercial aircraft, in partnership with Seattle-based aircraft leasing company Altavair AirFinance.

KKR will also acquire a 50 percent stake in Altavair AirFinance as part of the long-term partnership.

KKR was advised by Simpson Thacher & Bartlett. Altavair was advised by Milbank.

Reporting by Bharath Manjesh in Bengaluru; Editing by Shinjini Ganguli

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