Ashland Place Completes New Financing Facility for Crestone Air Partners, Air T, Inc. and Mill Road Capital
Ashland Place Finance has completed a new facility financing for the acquisition of a Boeing 737-800 for Crestone Air Partners, Air T, and Mill Road Capital Management. This marks the third transaction between Ashland Place and Crestone, following previous financings of three Boeing 737-800 freighters in January 2024 and four CFM56 engines in July 2022. The deal demonstrates the ongoing partnership between the companies, with both parties expressing satisfaction with their continued collaboration.
Ashland Place Finance ha completato un nuovo finanziamento per l'acquisizione di un Boeing 737-800 per Crestone Air Partners, Air T e Mill Road Capital Management. Questo segna la terza transazione tra Ashland Place e Crestone, dopo i finanziamenti precedenti di tre aerei cargo Boeing 737-800 a gennaio 2024 e quattro motori CFM56 a luglio 2022. L'accordo dimostra il continuo partenariato tra le aziende, con entrambe le parti che esprimono soddisfazione per la loro collaborazione prolungata.
Ashland Place Finance ha completado un nuevo financiamiento para la adquisición de un Boeing 737-800 para Crestone Air Partners, Air T y Mill Road Capital Management. Esta es la tercera transacción entre Ashland Place y Crestone, luego de financiamientos anteriores de tres aviones de carga Boeing 737-800 en enero de 2024 y cuatro motores CFM56 en julio de 2022. El acuerdo demuestra la asociación continua entre las empresas, con ambas partes expresando satisfacción por su colaboración continua.
Ashland Place Finance는 Crestone Air Partners, Air T, 그리고 Mill Road Capital Management를 위한 Boeing 737-800 획득을 위한 새로운 시설 자금을 완료했습니다. 이는 Ashland Place와 Crestone 간의 세 번째 거래로, 2024년 1월에 세 대의 Boeing 737-800 화물기와 2022년 7월의 네 개의 CFM56 엔진에 대한 이전 자금 조달에 이어지는 것입니다. 이 거래는 두 회사 간의 지속적인 파트너십을 보여주며, 양측 모두 지속적인 협력에 대한 만족을 표현하고 있습니다.
Ashland Place Finance a finalisé un nouveau financement pour l'acquisition d'un Boeing 737-800 pour Crestone Air Partners, Air T et Mill Road Capital Management. Cela marque la troisième transaction entre Ashland Place et Crestone, après les financements précédents de trois cargos Boeing 737-800 en janvier 2024 et de quatre moteurs CFM56 en juillet 2022. L'accord témoigne du partenariat continu entre les entreprises, les deux parties exprimant leur satisfaction quant à leur collaboration continue.
Ashland Place Finance hat eine neue Finanzierungsmaßnahme zum Erwerb eines Boeing 737-800 für Crestone Air Partners, Air T und Mill Road Capital Management abgeschlossen. Dies ist die dritte Transaktion zwischen Ashland Place und Crestone, nach den vorherigen Finanzierungen von drei Boeing 737-800 Frachtflugzeugen im Januar 2024 und vier CFM56 Triebwerken im Juli 2022. Der Deal zeigt die fortdauernde Partnerschaft zwischen den Unternehmen, wobei beide Parteien ihre Zufriedenheit über die fortgesetzte Zusammenarbeit ausdrücken.
- Successful completion of third financing transaction, indicating strong business relationship
- Expansion of aircraft fleet with Boeing 737-800 acquisition
- Demonstrated ability to secure continued financing for growth
- None.
Insights
The completion of a new financing facility for a Boeing 737-800 acquisition marks a significant expansion of Air T's aircraft portfolio and financing capabilities. This transaction, being the third with Ashland Place, demonstrates strong ongoing relationships with financial partners and suggests positive momentum in Air T's aircraft leasing business. The company has now secured financing for three 737-800 freighters and four CFM56 engines since July 2022.
The strategic partnership with Mill Road Capital and Crestone Air Partners enhances Air T's market position in the commercial aviation sector. While specific financial terms weren't disclosed, Boeing 737-800 aircraft typically command values between
This is the third transaction that the Ashland Place platform has completed with
"We are proud to continue our relationship with
Kevin Milligan,
A&O Shearman served as legal counsel for Ashland Place and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to
About Ashland Place Finance LLC
Ashland Place Finance LLC is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry. Ashland Place is a wholly-owned subsidiary of Davidson Kempner Capital Management LP. Additional information can be found at: www.ashlandplace.com.
About Crestone Air Partners
Crestone Air Partners, Inc. (CAP) invests in commercial jet aircraft and the engines that power them on behalf of our capital partners. We are a full-service aviation asset management platform with a diverse portfolio of aircraft and engines leased to airlines globally. We target transactions in the secondary market, focusing on the last decade of the asset lifecycle. We take a collaborative approach with our clients by offering flexible lease terms tailored to our customers' requirements.
About Air T, Inc.
Established in 1980, Air T, Inc. is a portfolio of powerful businesses and financial assets, each of which is independent yet interrelated. Its core segments are overnight air cargo, ground equipment sales, commercial jet engines and parts, and corporate and other. We seek to expand, strengthen and diversify Air T's after-tax cash flow per share. Our goal is to build Air T's core businesses, and when appropriate, to expand into adjacent and other industries. We seek to activate growth and overcome challenges while delivering meaningful value for all stakeholders. For more information, visit www.airt.net.
About Mill Road Capital Management LLC
Mill Road Capital is a private investment firm focused on investing in and partnering with publicly traded micro-cap companies in the
Ashland Place Media Contact:
Prosek Partners
pro-davidsonkempner@prosek.com
Crestone Media Contact:
Tori Cerda
Manager, Marketing & Operations
t.cerda@crestoneairpartners.com
Air T, Inc. Media Contact:
Tracy Kennedy
Chief Financial Officer
tkennedy@airt.net
View original content:https://www.prnewswire.com/news-releases/ashland-place-completes-new-financing-facility-for-crestone-air-partners-air-t-inc-and-mill-road-capital-302301614.html
SOURCE Ashland Place
FAQ
What aircraft did Ashland Place finance for Crestone Air Partners and Air T (AIRT) in November 2024?
How many transactions has Ashland Place completed with Crestone Air Partners and Air T (AIRT)?
What previous assets did Ashland Place finance for Crestone Air Partners and Air T (AIRT) in January 2024?
