KKR Introduces AV AirFinance, A New Commercial Aviation Lending Platform

KKR, AV AirFinance | June 14, 2021

KKR, a global investment firm, announced AV AirFinance Limited, a global commercial aviation loan servicer founded by a team of seasoned industry professionals in collaboration with KKR. The new secured loan servicing platform includes stable, long-term capital with decades of experience structuring commercial aircraft loan transactions to provide unique and innovative financing options to commercial aviation clients worldwide.

KKR and AV AirFinance have agreed to buy a nearly $800 million portfolio of aviation loans from CIT Group to assist with the launch, which includes more than 50 loans for around 60 commercial aircraft. These loans in the portfolio have an average yield in the mid-single digits and a remaining duration of four years.

Chief Executive Officer Siggi Kristinsson leads AV AirFinance. He is an industry veteran who most recently co-founded and served as CEO of Volito Aviation Services AB. This firm provides debt origination and consulting services to Goldman Sachs and other financial institutions. Mr. Kristinsson is assisted by a seasoned team of aviation financing experts with decades of expertise in secured lending totaling more than $25 billion in value through many market cycles. Ryan Jasinski joins AV AirFinance from CIT as part of the associated portfolio acquisition and will continue to focus on loan origination in the Americas. Per Waldelof, former president of PK AirFinance, works as a consultant for AV AirFinance, assisting loan origination and other elements of the company's operations.

AV AirFinance will provide services to diverse commercial clients, including airlines, cargo operators, lessors, manufacturers, and investors, throughout the ownership cycle, including PDP, acquisition, leasing, conversion, and tear down. AV AirFinance offers worldwide origination skills and the financial capability to arrange longer-term, flexible, and competitive financing for a wide variety of single aircraft and extensive portfolio deals through its partnership with KKR.

Separate accounts controlled by KKR are funding the portfolio acquisition from CIT. AV AirFinance is KKR's latest aviation investment, following previous Altitude Aviation, Altavair, KKR DVB Aviation Capital, K2 Aviation, DCAL Aviation, Wheels Up, Global Jet Capital, and JetEdge.

About KKR
KKR is a global investment firm that specializes in alternative asset management, capital markets, and insurance solutions. KKR seeks to achieve excellent investment returns by using a patient and disciplined approach to investing, employing world-class people, and fostering growth in its portfolio businesses and communities. KKR manages hedge funds and sponsors investment funds in private equity, credit, and real estate. The Global Atlantic Financial Group operates KKR's insurance companies, including retirement, life, and reinsurance products. References to KKR's investments might consist of the activities of its sponsored funds and insurance subsidiaries.

About AV AirFinance Limited
AV AirFinance Limited is a commercial aviation loan servicer founded in collaboration with KKR. Airlines, lessors, manufacturers, and investors can all benefit from AV AirFinance's secured financing solutions. AV AirFinance's team has decades of expertise structuring commercial aircraft loans. Due to its partnership with KKR, it has the financial strength and capacity to provide competitive financing and the knowledge to engage in the worldwide commercial aviation lending space effectively. AV AirFinance has offices in Ireland and the United States.


Adverse weather conditions, strikes, political reasons, and other different causes can impact the long-term success of an airline. An effective Disruption Management System can predict the occurrence of these events and assist by reducing the impact on the operations.

Other News

Boeing to Open Japan Research Center and Expand Sustainability Partnerships

Boeing | August 01, 2022

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Dominican Republic’s New Flagship Airline Arajet Takes Off

Arajet | September 20, 2022

Arajet, the Dominican Republic's new low-fare airline, officially launched operations in the Caribbean skies, leading the rebirth of the Dominican aviation with a powerful connecting hub in Santo Domingo. Arajet will build a robust route network of 22 destinations in 12 countries in the upcoming months, proudly carrying the Dominican flag, and providing a customer-oriented service across the continent.After two days of successful operations on September 15th and 16th with flights to Barranquilla and Cali in Colombia and to Aruba, Arajet marked its first official flight to San Salvador in El Salvador, in an event hosted by Mr. Luis Abinader, President of the Dominican Republic, and Mrs. Morena Valdez, Minister of Tourism of El Salvador. We celebrate the launch of Arajet as our newest national carrier. Our government will continue supporting Arajet and the overall aeronautical industry to assure its competitiveness and create an air hub that promotes tourism, trade and cultural exchange, and provides an opportunity for all Dominicans abroad to visit their country at affordable prices,” said President Abinader. "Low-Fare business model and designation as a national carrier for the Dominican Republic will attract more tourists, increase connectivity, and offer Dominicans the opportunity to travel at lower fares, aboard new aircraft with the highest standards of safety and distinctive warm Dominican customer service." Víctor Pacheco Méndez, CEO of Arajet We are excited to commence operations and provide Dominicans and all our guests with low fares, world class customer experience and a new growing network from and to Santo Domingo to major cities in The Americas,” expressed Mr. Pacheco. “Our mission is to build services for our guests by utilizing state-of-the art aircraft fleet with the latest technology, to strengthen and facilitate the country’s connection to the world, while promoting domestic tourism internationally. Arajet will continue expanding its operations later this month with the addition of routes to Saint Maarten in the Caribbean, Lima in Peru, Mexico City, Monterrey and Cancun in Mexico and Guatemala City in Guatemala. In October, Arajet will add Curaçao, San José in Costa Rica, Quito and Guayaquil in Ecuador, Medellín and Bogotá in Colombia as well as destinations in North America. From the perspective of the government of President Nayib Bukele, air connectivity is key to boost tourism, making it easier for travelers to move between countries and discover the wide range of options offered by El Salvador: from the permanent consistency of its surfing waves, its imposing volcanoes, and towns and cities with great historical value,” said Mrs. Morena Valdez, Minister of Tourism of El Salvador. In the next 5 years Arajet plans to transport more than 7 million passengers, generating more than 4,000 direct and close to 40,000 indirect jobs in the region. With Arajet’s launch our country will begin to feel the impact the airline will have in the Dominican Republic. Arajet will contribute to the growth of the tourism industry and attract more visitors from new destinations so we can continue reaching record numbers in tourist arrivals and diversify the nationality of our visitors with fair rates that connect Santo Domingo with the continent. We reaffirm our commitment, assumed jointly with the Tourism Cabinet led by President Abinader, to strengthen public policies related to the tourism and the aeronautical sector to promote its development, said Tourism Minister David Collado. Arajet has already received 5 of 8 direct leases of new Boeing 737 MAX aircraft, and has a direct order for 20 new Boeing 737 MAX. The carrier will continue to grow and invest in its fleet with 15 additional options to be delivered over the next 5 years. The 737 MAX family of airplanes is well suited to Arajet’s network with the 737-8 enabling profitable new routes and the 737-8-200 providing unrivalled efficiencies,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. “The flexibility of the 737 MAX ensures Arajet can meet its goal of making flying more affordable and accessible across the Caribbean and beyond, with safe, sustainable and reliable service. 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We are assuming the responsibility of the rebirth of the Dominican aviation as the new national carrier with an experienced international team that will ensure our operations meet the highest safety standards and customer service for our guests, Mr. Pacheco concluded.

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Leidos to acquire Cobham Aviation Services Australia's Special Mission business

Leidos | August 03, 2022

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LeaseWorks Advances Novus Aviation Capital’s Digital Transformation

Novus Aviation Capital | September 21, 2022

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Adverse weather conditions, strikes, political reasons, and other different causes can impact the long-term success of an airline. An effective Disruption Management System can predict the occurrence of these events and assist by reducing the impact on the operations.