Crestone Air Partners Purchases 1x A320-200 from Air Lease Corporation, on lease with Air New Zealand

Denver, COLORADO, August 20, 2024 — Crestone Air Partners, Inc. (CAP), a full-service aviation asset management platform, in partnership with Atalaya Capital Management, is pleased to announce the acquisition of one A320-200 from Air Lease Corporation, on lease with Air New Zealand.

This addition to Crestone’s expanding fleet reinforces the lessor’s position in the narrowbody market. With both A319-100s and A320-200s in the portfolio, the lessor is well suited to manage the A320ceo family.

Steve Williamson, Principal, Head of Trading of Crestone Air Partners, said, “We are thrilled to have concluded our first transaction with Air Lease Corp and look forward to doing more business with them in the future. ALC was a fair, efficient, and responsive counterparty that facilitated one of our smoothest transaction closings to date. We are excited to bring aboard Air New Zealand as a new lessee to the Crestone portfolio and look forward to supporting them now and in the future.”

About Crestone Air Partners, Inc.

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 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 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 wholly owned business unit of Air T, Inc. holding company (NASDAQ: AIRT). Additional information can be found at: www.crestoneairpartners.com.

Media Contacts:

Crestone Air Partners, Inc.
Tori Cerda
Manager, Marketing & Operations

t.cerda@crestoneairpartners.com