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October 26, 2022

Altavair

Commercial aviation finance firm Altavair announced a deal to lease 10 Airbus A330-300 aircraft to Amazon Air. The aircraft will be delivered following freighter conversion by Elbe Flugzeugwerke GmbH, a joint venture between ST Engineering Aerospace and Airbus. The aircraft are owned by funds and accounts managed by KKR, with Altavair acting as lease servicer. The first of the A330 freighters will be placed in service with Amazon Air in late 2023. KKR Capital Markets and Mitsubishi UFJ Financial Group (MUFG) acted as joint mandated lead arrangers, and MUFG acted as structuring agent and hedge provider in this transaction. Altavair is an asset manager focusing on the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators. It maintains offices in Seattle, London, Dublin and Singapore.




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