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Crestone Air Partners Launches Blue Crest Aviation Partners with funds managed by Blue Owl
GlobeNewswire News Roomยท2025-08-11 12:00

Group 1: Formation of Blue Crest Aviation Partners - Crestone Air Partners announced the formation of Blue Crest Aviation Partners, a joint venture with funds managed by Blue Owl Capital, aimed at acquiring mid-life commercial jet aircraft leased to airlines globally through an income-oriented strategy [1][4] - Blue Crest represents the next stage of Crestone's capital formation, following the successful deployment of Contrail JV II and affiliated sidecar vehicles, with hundreds of millions of dollars invested in aviation assets since 2020 [3][4] Group 2: Crestone Air Partners Overview - Crestone is a wholly owned subsidiary of Air T, Inc., benefiting from an integrated operating platform that includes MRO, parts sales, storage, disassembly, and leasing services to support mature-phase aircraft management [2][5] - The company targets transactions in the secondary market, focusing on the last decade of the asset lifecycle, and offers flexible lease terms tailored to customer requirements [5] Group 3: Blue Owl Capital Overview - Blue Owl Capital is a leading asset manager with over $284 billion in assets under management as of June 30, 2025, investing across three multi-strategy platforms: Credit, Real Assets, and GP Strategic Capital [6] - The firm provides private capital solutions to drive long-term growth and offers differentiated alternative investment opportunities aimed at delivering strong performance and capital preservation [6]