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

Core Insights - Ashland Place Finance LLC has completed a new financing facility for the acquisition of a Boeing 737-800 for Crestone Air Partners, Air T, and Mill Road Capital Management [1][2] - This transaction marks the third collaboration between Ashland Place and Crestone, following previous financings for three Boeing 737-800 freighters and four CFM56 engines [2] - Ashland Place is a subsidiary of Davidson Kempner Capital Management LP, focusing on innovative capital solutions for the global commercial aerospace industry [3] Company Summaries - Ashland Place Finance LLC: An institutional financing platform providing capital solutions to the commercial aerospace sector, emphasizing innovation in aviation lending [3] - Crestone Air Partners, Inc.: A full-service aviation asset management platform investing in commercial jet aircraft and engines, targeting secondary market transactions and offering flexible lease terms [4] - Air T, Inc.: Established in 1980, Air T operates a portfolio of businesses in air cargo, ground equipment sales, and commercial jet engines, aiming to enhance cash flow and expand into adjacent industries [5] - Mill Road Capital Management LLC: A private investment firm focused on micro-cap companies in the U.S. and Canada, with approximately $900 million in equity capital commitments [6]