Crestone Air Partners Completes PDP Financing and Sale-Leaseback of LEAP-1B Engines with Arajet
Denver, Colorado, February 18, 2026 — Crestone Air Partners announced today that it has completed pre-delivery payment (PDP) financing and a subsequent sale-leaseback for four CFM LEAP-1B engines with Arajet.
The investment represents Crestone’s first PDP financing and first next-generation engine assets, both of which broaden the platform’s capabilities across the aircraft lifecycle. The financing enables Arajet’s continued growth, supports ongoing fleet and engine operations, and provides long-term contracted cash flow for Crestone.
Crestone’s investment approach is rooted in engine leasing and remains a core part of the platform’s strategy. Engines underpin aircraft value and liquidity, and this transaction extends that focus to the latest generation of equipment.
“Access to reliable capital partners is critical as we continue to scale our fleet,” said Istvan Jambor, VP of Fleet at Arajet. “Crestone understood our financing needs and delivery schedule and structured a tailored solution aligned with our growth.”
“We are pleased to work with Arajet on both PDP financing and sale-leaseback and welcome them as a new airline partner,” said Kevin Milligan, Chief Executive Officer of Crestone Air Partners. “The agreement reflects our ability to provide flexible solutions to airlines across the asset lifecycle and marks an important step as we expand into next-generation engines.”
The LEAP-1B powerplants equip Boeing 737 MAX aircraft and represent the latest generation of fuel-efficient narrowbody technology.
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 throughout the asset lifecycle, taking a collaborative approach with our clients by offering flexible lease terms tailored to our customers’ 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 business unit of Air T, Inc. holding company (NASDAQ: AIRT). Additional information can be found at: www.crestoneairpartners.com.
About Arajet
Arajet is the flagship airline of the Dominican Republic. After beginning operations in 2022, it operates two bases, in Las Americas Airport in Santo Domingo and Punta Cana International Airport, with a new Boeing 737 MAX aircraft fleet. The airline provides safe and affordable travel to and between the Dominican Republic and various destinations in North, Central, and South America, and the Caribbean. For more information, visit www.arajet.com.
Media Contacts:
Rachel Olson
r.olson@crestoneairpartners.com