Crestone Air Partners (Crestone) has completed pre-delivery payment (PDP) financing, followed by a sale-and-leaseback transaction, for four CFM LEAP-1B engines with Arajet.
The investment marks Crestone’s first PDP financing deal and its first transaction involving next-generation engine assets, further expanding the platform’s capabilities across the aircraft lifecycle. The financing supports Arajet’s continued growth, strengthens fleet and engine operations, and provides Crestone with long-term contracted cash flow.
Crestone’s investment strategy is built around engine leasing and remains a core pillar of its platform. As engines underpin aircraft value and liquidity, the transaction extends Crestone’s focus to the latest generation of equipment.
“Access to reliable capital partners is critical as we continue to scale our fleet,” said Istvan Jambor, Vice President of Fleet at Arajet. “Crestone understood our financing needs and delivery schedule, and structured a tailored solution aligned with our growth plans.”
“We are pleased to work with Arajet on both PDP financing and sale and leaseback and welcome them as a new airline partner,” said Kevin Milligan, Chief Executive Officer of Crestone Air Partners. “The agreement reflects our ability to provide flexible solutions to airlines across the asset lifecycle and marks an important step as we expand into next-generation engines.”
The LEAP-1B engines power the Boeing 737 MAX family and represent the latest generation of fuel-efficient narrow-body technology.
