Altavair L.P. (“Altavair”), a global leader in commercial aviation finance, announced today the closing of a sale and leaseback with airBaltic of four Airbus A220-300 aircraft. The acquisition was funded by funds and accounts managed by KKR, with Altavair acting as servicer on the assets.
“We are pleased to support airBaltic with this transaction,” said Matt Hoesley, Head of Acquisitions & Investments for Altavair. “We are very excited about our new relationship with Latvia’s flagship airline and look forward to working with them as they continue to play an important role in European aviation.”
These aircraft are the first Airbus A220 models to be managed by Altavair, which has serviced and leased over thirty variants of primarily Boeing and Airbus aircraft since its inception.