Air T Partners with Crestone to Enhance Aviation Asset Management through Digital Innovation

Innovative Partnership to Transform Aviation Asset Management

Air T, Inc. strengthens its digital footprint in the aviation sector through a strategic partnership between its subsidiary, LeaseWorks®, and Denver-based Crestone Air Partners, Inc. This collaboration aims to enhance Crestone's digital strategy, particularly within its aviation asset management platform. Haseem Vazhayil, President of LeaseWorks, emphasizes that their advanced analytics software will not only support decision-making but also automate essential business processes, facilitating Crestone’s growth trajectory. The integration of LeaseWorks' Aeris MATCH™ is a pivotal element of this partnership, designed to automate commercial activities related to trading and market intelligence. This capability allows Crestone to make real-time, data-driven decisions, a critical factor in the fast-paced aviation industry.

Crestone plans to implement Aeris ASSET™, another solution from LeaseWorks, to streamline various operational aspects once aircraft are procured or leased. This tool focuses on the management of contracts, financial activities, and technical operations, ensuring timely invoice collection and efficient contract oversight. Crestone’s CEO, Kevin Milligan, underscores the importance of timely information in effective asset management, reflecting the company's commitment to innovation and operational excellence. This partnership is not merely a technological upgrade; it represents a strategic move that aligns with Crestone's broader objectives in the competitive aviation market, where agility and efficiency are paramount.

As a full-service aviation asset management platform, Crestone specializes in investing in commercial jet aircraft and engines, particularly in the secondary market. The partnership with LeaseWorks is expected to significantly enhance the operational processes of Crestone, allowing the company to offer more flexible lease terms tailored to client needs. This collaboration is pivotal not only for Crestone’s operational efficiency but also positions Air T, Inc. as a forward-thinking player in the aviation leasing sector, aiming to maximize value for investors and customers alike.

In addition to the technology enhancements, this partnership signifies a commitment to the broader aviation ecosystem. LeaseWorks, known for its cloud-based solutions for the aviation leasing community, is focused on supporting Crestone's digitization journey. By improving efficiency through automation and data analytics, both companies aim to deliver exceptional results that resonate well with their stakeholders.

As the aviation industry increasingly embraces digital transformation, this partnership between LeaseWorks and Crestone exemplifies how innovative solutions can drive growth and operational excellence, setting a new standard in aviation asset management.