Elix Aviation merges with ADARE Aviation Capital to create Abelo

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Elix Aviation, the international regional aircraft leasing company, is to merge with ADARE Aviation Capital. Elix is owned by funds managed by Oaktree Capital Management, L.P. (“Oaktree”), which initiated the merger to enable further investment in the regional Turbo-prop sector and to introduce an experienced new leadership team.

The merged companies will operate as Abelo, integrating Elix Aviation’s platform and Turbo-Prop portfolio with the management expertise of ADARE Aviation Capital.

“Elix Aviation has weathered the pandemic and is well placed to enter a new phase of growth. With the addition of ADARE Aviation Capital, we have formed a leadership team that has significant expertise and experience in regional aviation,” says Martin Graham, Managing Director at Oaktree . “We believe the synergy of the teams will enable Abelo to become a market leader, creating growth and value for its stakeholders. We look forward to supporting this exciting transition.”

Effective as of June 21st, Abelo’s executive team will be:

  • Stephen Gorman, Chief Executive Officer
  • Mathieu Duquesnoy, Chief Marketing Officer
  • Michael Hayden, Chief Operating Officer

Abelo’s new CEO, Stephen Gorman, says: “This merger comes at a unique time in the aviation cycle, so we are thrilled to be able to align with Oaktree and join forces with the team at Elix Aviation in the creation of Abelo. We remain committed to regional aviation and believe Abelo will be well placed to grow in the Turbo-Prop sector.

There are a lot of changes expected in all areas of the business – especially in ESG – and we intend to be in the driving seat of progress. This is also an exciting time for the Elix Aviation employees joining us, as with the support of Oaktree, we plan to accelerate growth and become the go-to lessor of turboprop aircraft.”

Elix Aviation delivers one ATR 72-600 to Afrijet

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Elix Aviation, the international regional aircraft leasing company, is pleased to confirm the delivery of one new ATR 72-600, MSN 1646, under a sale and leaseback transaction with Afrijet. With this new delivery, Elix Aviation continues to grow its ATR portfolio and increase its leasing and asset management services in the African market.

Elix Aviation delivers two ATR 72-500s to VoePass

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Elix Aviation, the international regional aircraft leasing company, is pleased to confirm the delivery of two ATR 72-500s, MSN 784 and MSN 760, on lease to VoePass. With these two deliveries, Elix Aviation continues to expand its leasing and asset management services in Brazil.

Elix Aviation delivers a Dash 8-300 to ALS Ltd Kenya

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Elix Aviation, the international regional aircraft leasing company, is pleased to confirm the delivery of one Dash 8-300 MSN 375 on lease to ALS Ltd in Lenya. With this new delivery, Elix Aviation continues to expand its sales/leasing and asset management services in the African market.

Elix Aviation delivers a Dash 8-100 to Renegade Air Ltd

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Elix Aviation, the international regional aircraft leasing company, is pleased to confirm the sale and delivery of one Dash 8-100 MSN 361 to Renegade Air Ltd. With this new delivery, Elix Aviation continues to expand its sales/leasing and asset management services in the Africa market.