Elix Aviation merges with ADARE Aviation Capital to create Abelo

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 (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 21, Abelo’s executive team consist of Stephen Gorman, Chief Executive Officer, Mathieu Duquesnoy, Chief Marketing Officer and Michael Hayden, Chief Operating Officer.

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