Ashland Place Finance LLC completed a new financing facility for Crestone Air Partners, Inc., a wholly-owned business unit of Air T, Inc., on November 12, 2024. This facility is designed to finance the acquisition of a Boeing 737-800 aircraft.
This transaction marks the third financing collaboration between Ashland Place and Crestone. Previous agreements included the acquisition of three Boeing 737-800 freighters in January 2024 and four CFM56 engines in July 2022.
The continued access to capital through such facilities is significant for investors, as it enables Crestone to expand its portfolio of commercial aircraft assets. This supports Air T's broader strategy of diversifying its earnings power through asset management and leasing activities.
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