In June 2018, Elevate closed on its first transaction, wherein it arranged, structured and managed the lease return of a Boeing 767-300ER (MSN 25449) from American Airlines, and subsequent induction into IAI Bedek (Tel Aviv) for cargo conversion on behalf of a major financial institution. The freighter conversion was completed in December 2018 and the aircraft commenced operations under lease with Cargojet Airways Ltd in January 2019.
In October 2018, Elevate closed on its second transaction, the acquisition of an Airbus A330-200 (MSN 343) on lease to Air Caraïbes Atlantique, which operates on routes between Paris and the Caribbean. The transaction was completed in conjunction with a large financial institution.
In January 2019, Elevate closed on its third transaction, the acquisition of a 757-200 (MSN 27971) on lease to Air Astana.