Altavair Opens New Office in Dublin

Rhea-AI Summary

Altavair L.P., a leading firm in commercial aviation lease finance, has expanded its operations by opening Altavair Limited in Dublin, Ireland. This new office will enhance support across marketing, accounting, legal, and contract management, complementing existing locations in London, Seattle, and Singapore. CEO Steve Rimmer highlighted the office's significance in serving investors and airline customers, attributing the expansion to Altavair's growing portfolio and backing from KKR. The Dublin team boasts extensive aircraft financing experience, crucial for Altavair's future success.

Positive

• Expansion into the Dublin market enhances operational support.
• Increased team capacity for marketing, technical, and legal services.
• Strong backing from KKR facilitates growth initiatives.
• Dublin location taps into local expertise in aircraft financing.

Negative

• None.

DUBLIN--(BUSINESS WIRE)-- Altavair L.P. (“Altavair”), a global leader in commercial aviation lease finance, announced today the expansion of its international footprint with the opening of Altavair Limited in Dublin, Ireland. The new office and team will complement Altavair’s existing operations in London, Seattle and Singapore with increased support in marketing, technical, accounting, legal and contract management.

“We are energized by our continued growth and believe this is a logical next step in our evolution to better serve our investors and airline customers,” said Steve Rimmer, Chief Executive Officer of Altavair. “Entering the Dublin market has long been on our radar and with our ever-expanding portfolio and the continued support from KKR, we felt this was the right time to make the move.”

“We are very fortunate to have assembled an exceptional team for our Dublin office,” explained Timothy O’Hara, Head of Operations for Altavair. “Due to the tremendous depth of aircraft financing experience in Ireland, having a Dublin presence will be a key driver for our continued growth and success.”

About Altavair L.P.

Altavair L.P. 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. Since its inception in 2003, Altavair has completed over $9 billion in commercial aircraft lease transactions with over 60 airline customers in 28 countries representing over 200 individual Boeing and Airbus aircraft. Altavair maintains offices in Seattle, London, Dublin and Singapore. For more information, please visit www.altavair.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220507005012/en/

Media Contacts:

Timothy O’Hara, +1 425-369-8062, mail to: timothy.ohara@altavair.com

Source: Altavair L.P.

FAQ

What is the significance of Altavair's new office in Dublin?

Altavair's Dublin office will enhance support in various operational areas and is crucial for serving investors and airline customers.

How has Altavair's portfolio influenced its decision to expand?

The expansion is driven by Altavair's growing portfolio and support from KKR, indicating a strategic move for increased market presence.

What experience does the Dublin team bring to Altavair?

The Dublin team claims substantial aircraft financing experience, which is expected to be a key driver for the company's growth.

Where are Altavair's other offices located?

Altavair operates offices in Seattle, London, and Singapore, in addition to the new Dublin location.

How much has Altavair completed in aircraft lease transactions?

Since its inception, Altavair has completed over $9 billion in commercial aircraft lease transactions.