Etihad Airways to sell off its fleet of Airbus A330s

Etihad Airways is selling its fleet of 16 Airbus A330-200s and six A330-300s. It is also selling its 16 Boeing 777-300 ERs but will leased them back.

KKR issued this statement:

KKR, a leading global investment firm, and Altavair AirFinance, a leader in commercial aviation finance, have announced the signing of a definitive agreement to acquire a portfolio of commercial aircraft from Etihad Airways, the national airline of the United Arab Emirates. The acquisition will be made through aircraft leasing investment platform Altitude Aircraft Leasing, which was established by KKR’s credit and infrastructure funds in 2018 to acquire aircraft serviced by Altavair.

Etihad Airways Airbus A330-243 A6-EYI (msn 730) CGK (Michael B. Ing). Image: 938430.

Above Copyright Photo: Etihad Airways Airbus A330-243 A6-EYI (msn 730) CGK (Michael B. Ing). Image: 938430.

 

The aircraft portfolio being acquired includes Etihad Airways’ owned fleet of Boeing 777-300ERs and Trent powered Airbus A330-300s and A330-200s. The transaction provides for the Boeing 777-300ERs to be leased back to Etihad upon purchase in early 2020, while the Airbus A330s will be delivered over the next 22 months and placed on lease with other international operators for either passenger operations or as converted freighters.

Etihad Airways aircraft photo gallery: