KKR, a leading global investment firm, and Altavair L.P., a leader in commercial aviation finance, announced today the closing of a sale and leaseback with Singapore Airlines (SIA) of four Airbus A350-900 aircraft. The acquisition was funded by funds and accounts managed by KKR, with Altavair acting as servicer on the assets.
“We were honored to be selected by Singapore Airlines to participate in these transactions,” said Steve Rimmer, CEO of Altavair. “Singapore Airlines is continually recognized as one of the top international carriers and we are extremely pleased to be continuing our relationship with them with this new agreement.”
“This transaction with Singapore Airlines is another exciting milestone as we continue to deepen our trusted relationships with leading carriers around the world,” said Dan Pietrzak and Brandon Freiman, Partners at KKR. “These four modern aircraft operated by a world-class airline are a great addition to Altavair’s portfolio.”