Crestone Air Partners Announces Acquisition of Arena Aviation Capital
Crestone Air Partners has entered into a definitive agreement to acquire Arena Aviation Capital. The transaction includes a portfolio of 38 commercial aircraft currently on lease to 21 airlines in 18 countries. This strategic acquisition will transform Crestone into a full-service aviation asset manager with a significantly expanded global reach. The move is a key part of Crestone's growth strategy, which is backed by a joint venture with Vilas Capital Management. Key members of Arena's management team are expected to join Crestone to ensure a smooth integration.
Official Source: https://www.newswire.com/news/crestone-air-partners-to-acquire-arena-aviation-capital-22741879
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