January 25, 2022—Jetstream Aviation Capital, LLC is pleased to announce the delivery of one Saab 2000 aircraft to Aleutian Airways of Anchorage, Alaska on January 21, 2022.
The aircraft, serial number 2000-021, is the first of a multi-aircraft commitment between Jetstream and Aleutian Airways and will be used for the airline’s planned scheduled passenger service within the State of Alaska.
Aleutian Airways is a joint venture between long-time regional aviation investor Wexford Capital LP of West Palm Beach, Florida and Greenwich, Connecticut; Juneau, Alaska-based Alaska Seaplanes, and McKinley Alaska Private Investment, LLC of Anchorage, Alaska. Aleutian Airways expects to begin scheduled service from Anchorage in the second quarter of 2022. The Saab 2000 aircraft are operated by Sterling Airways of Jacksonville, Florida, an FAA Part 121 scheduled airline which is a portfolio company of Wexford Capital.
About Jetstream Aviation Capital
Jetstream Aviation Capital, founded in 2010, is a Miami-based aircraft lessor specializing in commercially operated regional turboprop aircraft, and is the largest global owner of Saab 2000 and Saab 340 aircraft and associated spares and engines. Jetstream’s portfolio of over 150 aircraft also includes Beech 1900, Cessna Caravan, Embraer EMB-120 and Pilatus PC-12 passenger and cargo aircraft.
About Alaska Seaplanes
Founded in 1997, Alaska Seaplanes is the premier commuter airline of Southeast Alaska. Operating from a hub in Juneau, Alaska Seaplanes connects 14 communities with passenger and cargo service on a year-round basis, with both floatplane and IFR wheelplane service. The company also serves Whitehorse, Yukon on a seasonal basis. For more information, visit www.flyalaskaseaplanes.com
About Sterling Airways
Sterling Airways, a portfolio company of Wexford Capital LP, has the mission to set a new standard in aviation. Led by a team of experienced airline professionals, Sterling provides the highest level of safety, customer service and professionalism in the industry. For more information visit flysterling.com
About Wexford Capital LP
Wexford is an SEC-registered, value-oriented multi-strategy investment firm that has been capturing risk-adjusted returns across public and private markets since its inception in 1994. The firm has offices in West Palm Beach, FL and Stamford, CT. Wexford maintains a highly opportunistic approach to investing, centered on buying quality assets at attractive prices. Wexford’s enduring success stems from its ability to consistently form views that vary from consensus relative to the market, which is driven by Wexford’s foundational private equity experience. The transportation sector, and in particular the airline industry, is one of Wexford’s core areas of expertise. Wexford has a long track record of investing in the airline industry, such as founding and driving the transformation of Republic Airways into a regional airline with over 200+ modern regional jets. For more information, visit www.wexford.com
About McKinley Alaska Private Investment
McKinley Alaska Private Investment is an Anchorage-based private investment firm using proven and reliable investment experience paired with Alaska connectivity to identify private equity, venture capital, and direct lending opportunities in or for the benefit of Alaska. McKinley Alaska is part of the McKinley Management, LLC family of companies including McKinley Capital Management, LLC and McKinley Research Group, LLC. For more information, visit mckinley-alaska.com