Recent News
September 2023 Elevate structured the purchase by First Star Speir Aviation 1 Limited (Ireland) (“FSSA1”) of one A330-200 on lease to ITA Airways (formerly Alitalia). ITA Airways is the flag carrier of Italy and is headquartered in Rome. FSSA1 is owned by an Elevate joint-venture entity.”
June 2023 Elevate extended the lease of one (1) PW4168A engine with Air Caraïbes Atlantique.
April 2023 Elevate is pleased to announce that George Teeuwen has joined the firm as Senior Vice President of Business Development. George will be directly involved with origination, remarketing, and transaction management at Elevate. George spent the last 8 years of his career with Castlelake, L.P., where he most recently served as Vice President of Marketing and previously served as Vice President of Technical. Prior to Castlelake, George spent 12 years at Delta Air Lines as a propulsion engineer and engineering manager.
December 2022 Elevate sold one (1) Boeing 737-400F to Kalitta Charters. Elevate serves as exclusive agent to Vx Capital Partners with respect to the remainder of their 737-400F freighter portfolio.
December 2022 Elevate structured a sale-and-leaseback transaction for two (2) Boeing 737-800s with Avelo Airlines. Elevate is the asset and lease manager on behalf of a major financial institution. Avelo is an ultra-low-cost U.S. carrier headquartered in Houston, Texas.
March 2022 Elevate closed on the sale of one RB211-535E4 engine.
December 2021 Elevate acquired First Star Speir Aviation 1 Limited (Ireland) (through a special purpose JV entity), which leases one A320-200 (MSN 2207) to Brussels Airlines NV/SA. Brussels Airlines is the flag carrier and largest airline of Belgium, based and headquartered at Brussels Airport. It operates to over 100 destinations in Europe, North America, Africa, and is part of the Lufthansa Group.
November 2021 Elevate announced a sale-and-leaseback transaction with Porter Aircraft Leasing Corp., a wholly-owned subsidiary of Porter Aviation Holdings Inc. (“Porter”) for four (4) Embraer E195-E2 aircraft. These next generation technology aircraft will be delivered in Q4 2022 and Q1 2023. Elevate will serve as asset and lease manager on behalf of a major financial institution for the duration of the leases with Porter and beyond. Porter is a regional airline headquartered at Billy Bishop City Airport in Toronto, Canada.
April 2021 Elevate negotiated the sale of one 767-300ER to CargoJet Airways. Cargojet is a scheduled cargo airline based in Mississauga, Ontario, Canada. It operates cargo services in Canada and internationally, as well as full aircraft charters.
March 2021 Elevate leased two PW4168A engines to Air Caraïbes Atlantique. Elevate also completed the sale of one A330-200 airframe to Air Caraïbes. Air Caraïbes is a French airline with its headquarters in Les Abymes in Guadeloupe and Paris, which operates on routes between Paris and the Caribbean.
January 2018 Launch of Elevate Capital Partners: Elevating Aviation Finance - Airline Economics
Assets for Sale & LEASE
Three (3) 1997 vintage 737-400SF available for lease or sale.
Please contact us for more information, here.
