Altavair to Lease Converted Airbus A330-300 Freighters to Amazon Air | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.20.24

Airborne-NextGen-05.21.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Sat, Oct 29, 2022

Altavair to Lease Converted Airbus A330-300 Freighters to Amazon Air

The High Financial Strata

Altavair L.P. has announced the signing of an agreement by which it will lease ten Airbus A330-300 jets to Amazon Air. Subject aircraft will be delivered following their conversion to freighters 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 brokering the deal and acting as lease servicer.

The first of the A330 freighters are slated to enter service with Amazon Air in late 2023.

Altavair CEO Steve Rimmer diffidently remarked: “We are thrilled to have presented this opportunity to Amazon Air, and look forward to growing this relationship further. Our ability to execute this complex transaction in a challenging environment for the aviation industry is a testament to our decades of experience leasing cargo aircraft, our team’s creativity, and KKR’s ongoing support of our strategy. We are very appreciative that Amazon Air placed its confidence with the Altavair team to make this transaction a reality.”

KKR directors Patrick Clancy and Andrew Peisch echoed Mr. Rimmer’s sentiments, stating: “Together with Altavair, we are happy to support Amazon with this transaction, which marks an important milestone in our continued efforts to build relationships with leading carriers around the world.”

Not to be excluded from the ebullient wheedling, Amazon Global Air vice president Sarah Rhoads added: “We’re pleased to work with Altavair. The team’s expertise and tenure in the industry make them an excellent partner, which enables us to focus on operational excellence to deliver on customer promises.”

In keeping with the convoluted dynamics of 21st Century global enterprise, KKR Capital Markets and Mitsubishi UFJ Financial Group (MUFG) acted as Joint Mandated Lead Arrangers. MUFG acted, also, as Structuring Agent and Hedge Provider in the Amazon Air transaction.

Since its inception in 2003, Altavair has completed over $10-billion in commercial aircraft lease transactions with over sixty airline customers in 28 countries representing over two-hundred individual Boeing and Airbus aircraft. The company is headquartered in Issaquah, Washington, about 13-nautical-miles west of Seattle, and maintains offices in London, Dublin, and Singapore.

FMI: www.altavair.com

Advertisement

More News

ANN's Daily Aero-Term (05.19.24): Back-Taxi

Back-Taxi A term used by air traffic controllers to taxi an aircraft on the runway opposite to the traffic flow. The aircraft may be instructed to back-taxi to the beginning of the>[...]

Aero-News: Quote of the Day (05.19.24)

“Our WAI members across the nation are grateful for the service and sacrifice of the formidable group of WASP who served so honorably during World War II. This group of brave>[...]

Aero-News: Quote of the Day (05.20.24)

“Many aspiring pilots fall short of their goal due to the cost of flight training, so EAA working with the Ray Foundation helps relieve some of the financial pressure and mak>[...]

ANN's Daily Aero-Term (05.20.24): Blind Speed

Blind Speed The rate of departure or closing of a target relative to the radar antenna at which cancellation of the primary radar target by moving target indicator (MTI) circuits i>[...]

ANN's Daily Aero-Linx (05.20.24)

Aero Linx: International Airline Medical Association (IAMA) The International Airline Medical Association, formerly known as the Airline Medical Directors Association (AMDA) was fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC