Crestone Air Partners announced the formation of Blue Crest Aviation Partners, a new joint venture anchored by funds managed by Blue Owl Capital (OWL). The platform will seek to acquire mid-life commercial jet aircraft on lease to airlines globally, through a disciplined, income-oriented strategy. Crestone is a wholly owned subsidiary of Air T (AIRT). “Blue Crest Aviation Partners represents the next step of scaling for our platform,” said Kevin Milligan, CEO of Crestone Air Partners. “We’re proud to continue building with Blue Owl’s funds and deepen our alignment through a dedicated vehicle targeting opportunities in the mid-life aviation market.”
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