KKR Increases Ownership Stake in Altavair

Group 1: Investment and Partnership - KKR has announced a definitive agreement to increase its ownership stake in Altavair and its sister company, AV AirFinance, funded from its balance sheet [1] - This new investment strengthens the long-term strategic partnership between KKR and Altavair, which has seen KKR-managed funds commit over $5 billion to aircraft leasing and lending transactions since 2018 [2] - The partnership aims to support Altavair in meeting the evolving fleet needs of airlines and operators globally, highlighting the resilience of commercial aircraft assets across market cycles [3] Group 2: Leadership Changes - To facilitate Altavair's next phase of growth, Matthew Hoesley will expand his role to become President & Chief Commercial Officer, while Andrew Carpenter will take on the role of Chief Financial Officer [3] Group 3: Company Background - Altavair L.P. is an aviation asset manager that focuses on acquiring new and used commercial aircraft for leasing to airlines and cargo operators, having completed over $14.5 billion in lease transactions since its inception in 2003 [5] - Altavair has worked with over 80 airline customers across 50 countries, managing a portfolio of more than 300 individual Boeing and Airbus aircraft [5]