OCTOBER 29TH, 2025
MUFG Finances First Aircraft Acquisition for Blue Crest Aviation Partners, New Joint Venture from Blue Owl and Crestone Air Partners
New York, NY — Mitsubishi UFJ Financial Group (MUFG), one of the 10 largest global financial groups, proudly announces a $53.7 million non-recourse, senior secured portfolio financing supporting Blue Crest Aviation Partners (“Blue Crest”). This marks the first set of aircraft investments by the Blue Crest platform, a joint venture with certain funds managed by Blue Owl Capital Inc. (Blue Owl) and Crestone; it is also MUFG’s inaugural transaction with Crestone as servicer.
MUFG acted as the Sole Structuring Agent and Lender. The assets include two Airbus A320-200s (leased to Allegiant and VivaAerobus) and two Boeing 737-800s (leased to Jet2 and Turkish Airlines).
“MUFG is pleased to have closed our inaugural transaction with Crestone, and to further expand our relationship with Blue Owl, as they continue to invest in this sector,” said Benoist de Vimal, Head of Aviation Origination, Americas.
“Thanks to MUFG for their partnership and confidence in our platform. This transaction marks an important milestone and reflects our focus on disciplined execution, institutional capital alignment, and long-term relationships that can scale meaningfully in today’s evolving aviation market,” said Kevin Milligan, Chief Executive Officer, Crestone Air Partners.