
Niccoli new ANFIA Group President
Jan 20, 2026 at 2:27 PM
IAT Leasing restructures management
Jan 20, 2026 at 3:04 PMKKR has increased its stake in Altavair, an aviation asset management company, as well as in its sister company AV AirFinance. This decision deepens the strategic partnership that has existed since 2018. The financing of the investment is being carried out through KKR’s balance sheet and complements the already over $5 billion that KKR-managed funds have invested in aircraft leasing and financing transactions.
Focus on Asset-Based Financing
With this increase in stake, KKR reaffirms its commitment to asset-based financing in aviation. Altavair operates globally in the leasing of passenger and cargo aircraft. According to KKR, commercial aircraft assets have proven resilient across various market cycles, supported by long-term demand and contractual structures.
In addition to the increase in stake, Altavair announced changes in its upper management to support the next phase of growth. Matthew Hoesley (photo), previously Chief Commercial Officer, will be appointed President and Chief Commercial Officer. Andrew Carpenter, who was previously responsible for tax and accounting, will take on the role of Chief Financial Officer.
The announcements coincide with the resignation of Paul Newrick, one of the co-founders of Altavair. Newrick is ending his career in aviation after 47 years. He co-founded the company in 2003 and was part of the leadership team that shaped Altavair through various market cycles until his resignation. Under his leadership, Altavair developed into a global leasing platform serving airlines and cargo operators in more than 50 countries.







