ABL Aviation and Ellington Management Group establish joint venture

ABL Aviation has established a joint venture with Ellington Management Group (Ellington), an alternative investment manager, that will target $800 million in aircraft assets. ABL Aviation states that the new venture, which adds to strategic partnerships held by ABL Aviation in Japan, will seek to generate attractive, uncorrelated returns to investors by executing on a strong existing deal pipeline. Adopting an opportunistic approach, the new venture allows for flexibility across asset types, asset age, duration, structures and jurisdictions, said ABL Aviation, which will act as servicer and manager for all aircraft. Ellington will provide financial and strategic support. ABL Aviation