KKR and Altavair closed a sale-and-leaseback with Singapore Airlines for four Airbus A350-900 aircraft. Funds and accounts managed by KKR funded the acquisitions, with Altavair acting as servicer on the assets.

“We were honored to be selected by Singapore Airlines to participate in these transactions,” Steve Rimmer, CEO of Altavair, said. “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,” Dan Pietrzak and Brandon Freiman, partners at KKR, said in a joint statement. “These four modern aircraft operated by a world-class airline are a great addition to Altavair’s portfolio.”

KKR is an investment firm that offers alternative asset management, capital markets and insurance solutions.

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.