June 11, 2021
KKR Launches AV AirFinance, A New Commercial Aviation Lending Platform
Partners with finance industry veterans to build a leading global aviation loan servicer anchored by stable, long-term capital Seeds platform with nearly $800 million aviation loan portfolio acquired from CIT Group Inc. NEW YORK & DUBLIN (June 11, 2021 )— KKR, a leading global investment firm, today announced the launch of AV AirFinance Limited (“AV […]
June 11, 2021
KKR and AV AirFinance Agree to Purchase CIT Aviation Lending Portfolio
NEW YORK (June 11, 2021 )— CIT Group Inc. (NYSE: CIT) today announced it is selling its aviation loan portfolio to KKR. This is related to a previously announced definitive agreement for a portfolio that has a committed loan balance of nearly $800 million across more than 50 loans for approximately 60 commercial aircraft. The […]
