Elix Aviation merges with ADARE Aviation Capital to create Abelo

Elix Aviation, the regional aircraft leasing company owned by funds managed by Oaktree Capital Management, is to merge with ADARE Aviation Capital. The merger was initiated by Oaktree to enable further investment in the regional turboprop sector and to introduce an experienced new leadership team. The merged companies will operate as Abelo, integrating Elix Aviation’s platform and turboprop portfolio with the management expertise of ADARE Aviation Capital management team comprising Stephen Gorman, Chief Executive Officer, Mathieu Duquesnoy, Chief Marketing Officer, and Michael Hayden, Chief Operating Officer. “Elix Aviation has weathered the pandemic and is well placed to enter a new