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Crestone Air Partners Appoints Oliver Smith as Director of Asset Management 

DENVER, March 14, 2023 — Crestone Air Partners is excited to announce the appointment of Oliver Smith as its new Director of Asset Management. With over 20 years of experience in the aviation industry, Mr. Smith brings a wealth of knowledge in the acquisition, MRO, sales, and lease of mid and end-of-life commercial aviation assets.

Before joining Crestone, Mr. Smith served as the Director of Business Development at KP Aviation, specializing in the sale and lease of engine and airframe equipment, and his previous roles included Managing Director of AJW Middle East and Sales Director at Satair/Airbus.

Sebastian Lourier, CEO of Crestone Air Partners, said, “We are thrilled to welcome Oliver to the team. His extensive global airline, OEM, MRO, and lessor networks, along with his experience in engine management, material trading, and statistical market trend analysis, will be invaluable as we expand our asset management services.”

As Director of Asset Management, Mr. Smith will help oversee the administration and management of Crestone’s current portfolio. He will maintain and expand Crestone’s best-in-class asset management systems and processes. Mr. Smith will support the technical and contractual administration of aircraft and engines within the portfolio.

About Crestone Air Partners, Inc.

Crestone Air Partners (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 customer’s requirements. Crestone brings unique value to transactions by drawing on the expertise and capabilities of interrelated aviation specialist subsidiary businesses across the Air T family (airframe material sales, landing gear leasing, engine material sales, disassembly, and aircraft storage).¬† Crestone is headquartered in Denver, Colorado, and is a wholly owned business unit of Air T, Inc. holding company (NASDAQ: AIRT). Additional information can be found at: www.crestoneairpartners.com.

Media Contacts:

Crestone
Kevin Milligan
k.milligan@crestoneairpartners.com