Abelo, the specialist turboprop aircraft lessor, has been acquired by an affiliate of Cerberus Capital Management, L.P. (Cerberus), marking a significant milestone in the company's development. The acquisition sees Abelo transition from its previous ownership under funds managed by Oaktree Capital Management, L.P. (Oaktree), which had backed the firm since its inception in 2022.
In just a few years, Abelo has established itself as a leading player in the turboprop leasing sector. The company provides a top-tier fleet of turboprop aircraft through a full-service leasing platform, focused on delivering sustainable, cost-effective and efficient solutions for regional airline operators. At the core of Abelo's mission is a commitment to connecting communities, families and businesses, while contributing to a reduction in aviation's environmental impact.
The business benefits from a strategic partnership with ATR, a prominent regional aircraft manufacturer, as well as strong investor backing and a highly experienced leadership team. With Cerberus' investment and support, Abelo is set to continue executing its strategic plans aimed at expanding its reach, enhancing partnerships and reinforcing its position as a forward-thinking provider in the regional aviation space.
Stephen Gorman, CEO of Abelo, commented: “This transaction marks an exciting milestone for Abelo. We're incredibly proud of what we've built in a short space of time, and grateful for the support from Oaktree in helping us establish a purpose-driven platform with a clear vision for the future of regional aviation. With Cerberus as our new partner, we're well positioned to accelerate our growth, deepen our customer relationships, and continue delivering solutions that support more efficient and sustainable air connectivity around the world.”
The acquisition sets the stage for Abelo's next phase of growth, with a continued focus on operational excellence, innovation, and sustainability in regional air travel.
