Kevin Milligan, Chief Executive of Crestone Air Partners in conversation with James Kelly, Head of Aviation Finance at KPMG

In this episode of Aviation Leaders, James Kelly, Head of Aviation Finance at KPMG, is joined by Kevin Milligan, Chief Executive of Crestone Air Partners. Milligan shares how Crestone has evolved from its origins as Contrail into a specialist platform focused on mid- to end-of-life aircraft and engine investments, scaling to nearly half a billion dollars in assets. The discussion covers residual value discipline, underwriting in a volatile market, the challenges posed by new-technology engines, and how geopolitical pressures are shaping demand, alongside Crestone’s approach to active asset management and future growth through M&A.