Private equity house KKR and Altavair announced today the signing of a sale and leaseback with Delta Air Lines for six Airbus A321-200 aircraft. The acquisition was made through aircraft leasing investment platform Altitude Aircraft Leasing, which was established by KKR’s credit and infrastructure funds in 2018 to acquire aircraft to be serviced by Altavair.
Altavair chief executive Steve Rimmer said, “We are pleased to again have the opportunity to transact with Delta, especially during this period of economic uncertainty.
Due to our longstanding relationship with Delta, we were able to document and close on this transaction in very short order. As always, we very much appreciate the trust that Delta places in us to deliver on strategically important projects which are both time sensitive and economically important to their business needs.”
“We are excited to work with one of the best-in-class, global airlines on their high-quality, new aircraft assets. We look forward to supporting Delta as the airline continues to play a critical role in the global aviation industry,” said Dan Pietrzak and Brandon Freiman, partners at KKR.