Crestone Air Partners, the global aviation asset management platform majority owned by Air T, Inc., has entered into a definitive agreement to acquire Arena Aviation Capital (Arena), a well-established aviation asset manager with a diversified portfolio and long-standing airline relationships. The transaction remains subject to customary closing conditions and regulatory approvals.
The acquisition significantly strengthens Crestone’s aviation lifecycle platform by expanding both its scale and operational capabilities. Once completed, the combined business is expected to manage a portfolio of approximately 124 aircraft and 17 engines leased to airlines worldwide. Assets under management are projected to exceed US$4 billion, supported by a team of more than 55 employees operating across five countries.
Arena brings a highly experienced team, a complementary portfolio and deep technical expertise that closely aligns with Crestone’s lifecycle-focused investment strategy. The integration of the two organisations is intended to enhance service capability across the full aircraft ownership cycle, from acquisition and leasing to asset management and remarketing.
Following completion of the transaction, the combined platform will maintain key offices in Denver, Amsterdam and Dublin, alongside satellite presences in Singapore and Buenos Aires. This global footprint is expected to strengthen relationships with airline customers and capital partners while supporting aircraft owners across multiple regions.
Members of Arena’s management team are expected to take on key roles within the combined organisation. Crestone anticipates a smooth integration, focused on continuity for airline customers, capital partners and employees, while leveraging operational synergies across asset management, technical services, lease administration and market intelligence.
