Commercial aviation financing platform Ashland Place has completed a new facility financing the acquisition of one 737-800 aircraft for Crestone Air Partners, Air T and Mill Road Capital Management.
“We are proud to continue our relationship with Crestone through this additional financing opportunity,” said Jennifer Villa, Ashland Place's executive director and group head. “We look forward to further supporting them on future transactions.”
This is the third transaction that Ashland Place has completed with Crestone, having previously financed the acquisitions of three 737-800 freighters in January 2024 and four CFM56 engines in July 2022.
Kevin Milligan, Crestone’s chief executive officer commented: “We are once again pleased to have partnered with Jennifer and the talented team at Ashland Place. They continue to prove their expertise in aviation lending through their innovative approach to this transaction, and we are excited to continue fostering our partnership in the future.”
A&O Shearman served as legal counsel for Ashland Place and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to Crestone, Air T and Mill Road.