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Arena Aviation Capital

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  1. 2026

    Crestone completes acquisition of Arena Aviation Capital

    Crestone Air Partners, majority-owned by Air T, Inc., completed its acquisition of Arena Aviation Capital for $33.9 million ($21.7 million cash plus $12.2 million contingent consideration) on June 10, 2026. The combined platform holds $3.0 billion of assets under management and $0.6 billion committed under LOI, comprising 124 aircraft and 17 engines. Blue Owl funded $10.0 million for Class B preferred units representing 10.25% of the platform, and Air T owns 83.9% of Crestone following the acquisition.

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