Where others exit,
we enter.

The final decade is mispriced.

A commercial aircraft's lifecycle spans roughly 25 years. During that time, it moves from a new delivery at premium lease rates through mid-life transitions and eventually into the window where disassembly and component harvesting drive the economics. Traditional lessors, constrained by fleet age targets and investor mandates, exit positions around year 15. The assets they leave behind still have meaningful value, but the market treats them like they do not.

Crestone exists to capture that gap. We acquire aircraft and engines at the point in the lifecycle where depreciation curves flatten and component values become the dominant driver of returns. Our underwriting is informed by real disassembly economics from Air T's operational subsidiaries, not theoretical residual curves from desktop models. That informational edge, combined with operational infrastructure for storage, maintenance, and part-out, is what separates our platform from a spreadsheet.

Air T's integrated platform.

Crestone is a wholly-owned subsidiary of Air T, Inc. (NASDAQ: AIRT), a diversified holding company with aviation subsidiaries that span the entire end-of-life value chain. This is not a branding exercise. The integration is operational.

• Disassembly: Air T subsidiaries tear down aircraft and harvest components at scale, giving Crestone transparent pricing on parts other traders estimate
• Material Sales: Parts distribution through established channels means we know what components are worth and how quickly they move
• Leasing: In-house lease management and transition capability across the platform
• Storage: Aircraft and engine storage facilities for assets in transition or awaiting part-out

When we underwrite an acquisition, we are not guessing at part-out values. We are referencing actual sales data from the same platform that will execute the teardown. That closed loop between investment thesis and operational execution is what makes the final decade investable.