Ashland Place Completes New Financing Facility for Crestone Air Partners, Air T, Inc. and Mill Road Capital

NEW YORK, November 12, 2024 - Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced the completion of a new facility financing the acquisition of a Boeing 737-800 for Crestone Air Partners, Inc. (“Crestone”), Air T, Inc. (”Air T”) and Mill Road Capital Management LLC (“Mill Road”).

This is the third transaction that the Ashland Place platform has completed with Crestone, having previously financed the acquisitions of three Boeing 737-800 freighters in January 2024 and four CFM56 engines in July 2022. 

"We are proud to continue our relationship with Crestone through this additional financing opportunity,” said Jennifer Villa, Ashland Place's Executive Director and Group Head. “We look forward to further supporting them on future transactions.” 

Kevin Milligan, Crestone’s Chief Executive Officer, added, “We are once again pleased to have partnered with Jennifer and the talented team at Ashland Place. They continue to prove their expertise in aviation lending through their innovative approach to this transaction, and we are excited to continue fostering our partnership in the future.”

A&O Shearman served as legal counsel for Ashland Place and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to Crestone, Air T and Mill Road.