Advising KKR on its US$1.4bn commitment to third aircraft leasing platform in partnership with Altavair

Our global asset finance team advised KKR on its US$1.4bn equity commitment to its Altitude III leasing platform as KKR continue to expand their exposure to leased commercial aircraft in partnership with Altavair, a commercial aviation leasing and financing company.

The commitment builds on two existing aircraft leasing portfolios established by KKR and Altavair and will support the acquisition and leasing of commercial aircraft and engine assets to airlines and cargo operators worldwide. 

The transaction highlights the strength of our integrated aviation finance offering, with our team advising on both Irish and Cayman Islands law on the cross-border aspects of the transaction.

Our team was led by partner Donna Ager, supported by associate, Sophia Hitchcock, both practising Irish law from our London office, alongside Cayman Islands partner Sarah Humpleby, supported by associate Alexandra Franklin.

Donna Ager commented:

'KKR and Altavair have built a significant aircraft leasing platform over a number of years and this latest commitment marks an important milestone in the continued growth of that partnership. It was a pleasure to support KKR and Altavair on the initial investment and we look forward to continuing to support as assets are acquired to build out the portfolio.'