Highlights
- Matt Hoesley becomes CEO and President of Altavair on January 1, 2027, after joining the firm in 2005.
- Co-founder Stephen Rimmer, who launched the company in 2003, moves to executive chairman after more than two decades as chief executive.
- Dimitrios Kotinis is promoted to Chief Commercial Officer, taking over marketing, trading, pricing, risk, and capital markets.
- KKR has committed $1.4 billion in equity to Altavair; KKR-managed vehicles have put more than $8 billion into aircraft leasing since 2018.
Matt Hoesley, a 21-year veteran of Altavair, will become the aircraft leasing and trading firm's CEO and President on January 1, 2027, as co-founder Stephen Rimmer transitions to executive chairman after more than two decades running the business.
Rimmer co-founded Altavair in 2003, originally as Guggenheim Aviation Partners, and brings more than 40 years of commercial aviation experience to the chairman role. Before Altavair, he founded Curtis Power Company, an early commercial engine leasing operation that he sold to General Electric in 2001.
Hoesley joined the firm in 2005. His promotion follows a leadership reorganization that also elevates Dimitrios Kotinis to Chief Commercial Officer, a role that will encompass marketing, trading, pricing, risk, and capital markets functions, according to the company's announcement.
Who backs Altavair financially?
KKR has committed $1.4 billion in equity to Altavair, and KKR-managed vehicles have deployed more than $8 billion into aircraft leasing since 2018. Altavair has completed nearly $15 billion in commercial aircraft lease transactions with more than 80 airline customers across 50-plus countries. The firm maintains offices in Seattle, Dublin, and London.
The transition is scheduled to take effect January 1, 2027.
Where to find them
- Guggenheim Aviation Partners · importgenius.com · X
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- pulse2.com retrieved 02/10/2026 23:40
- altavair.com retrieved 02/10/2026 23:40
- Guggenheim Aviation Partners (official site) retrieved 02/10/2026 23:40
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 02/10/2026 23:40. Every claim traces to a source.
