Etihad sells aircraft to investment firm KKR, Altavair in $1bln deal | ZAWYA MENA Edition:
Etihad Airways is selling some of its widebody aircraft to global investment firm KKR and aircraft lessor Altavair AirFinance (Altavair) for $1 billion.
Both the firms have signed a “definitive agreement” to acquire Etihad’s portfolio of commercial aircraft, a media statement said.
The planes being acquired include the UAE national carrier’s fleet of Boeing 777-300ERs, Trent-powered Airbus A330-300s and A330-200s, according to KKR and Altavair.
“The acquisition will be made through aircraft leasing investment platform Altitude Aircraft Leasing, which was established by KKR’s credit and infrastructure funds in 2018 to acquire aircraft serviced by Altavair,” the two companies said in a statement.
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