Aviation asset management platform Crestone Air Partners has purchased eleven 757-300 aircraft on lease to Condor, acquired subject to existing lease agreements.
“We are thrilled to welcome these Boeing 757-300 aircraft into our portfolio. This acquisition enhances our current portfolio and signifies the commencement of a promising partnership with Condor,” explained Steve Wililamson, principal, head of trading.
The transaction was funded with equity from Crestone and Atalaya Capital Management, an existing joint venture partner since 2021. Daniel Rosato, managing director of Atalaya Capital Management, described the deal as evidencing “creativity, collaboration and [the company’s] flexible investment mandate within commercial aviation”. Chief investment officer Kevin Milligan added that Atalaya’s “prove track record in aviation will facilitate future innovative deals at Crestone”.
Crestone Air Partners purchases eleven 757-300s
