Freighter financing deal for Crestone Air Partners
18 / 01 / 2024
Photo: Number1411/ Shutterstock
Aviation asset management platform and lessor Crestone Air Partners (CAP) has secured financing for more freighters.
Ashland Place Finance LLC, a commercial aviation financing platform, has completed a new facility financing the acquisition of three Boeing 737-800 freighters for Crestone and alternative investment advisory firm, Atalaya Capital Management.
Ashland Place previously financed a 777-300ER for Atalaya in August 2022 and four CFM56 engines for Crestone in July 2022.
“We are pleased to once again partner with Atalaya and Crestone on this financing opportunity,” said Jennifer Villa, Ashland Place’s executive director and group head. “We look forward to further building these relationships by supporting the teams on future transactions.”
“We returned to Ashland Place based on the creative and collaborative nature of our previous work together,” said Dominic Nardone, principal at Atalaya. “This transaction was no different, and we are excited to find more opportunities to work together.”
“Jennifer and the Ashland Place team possess a deep understanding of the industry and how to navigate the current economic environment,” said Sebastian Lourier, Crestone’s chief executive. “We value their expertise and appreciate their continued partnership.”
