Elevex Capital has entered the business aviation sector with the launch of a dedicated finance division targeting corporate and charter aircraft operators across the United States and Canada.

The company says the division will structure loans, true leases and operating leases for transactions from $1 million to more than $70 million, covering aircraft from very light jets to ultra long-range business jets.

Leading the division is aviation finance specialist Kyle O'Donnell, who joins Elevex as sales executive for business aviation finance.

Founder and CEO Jeffry D. Elliott positioned the move as an extension of the company’s existing asset-focused financing model, arguing that aircraft operators have struggled to secure flexible structures from traditional lenders.

“Aviation is a natural extension of what we do best, structuring around how an asset actually generates value, not how a credit committee likes to see a deal on paper,” says Elliott.

The company has placed particular emphasis on the Part 135 charter market, where it sees an opportunity to support fleet growth and operating flexibility through tailored lease and loan structures.

“Charter is not an afterthought for us,” says O'Donnell. “Fleet building, utilisation patterns, the seasonality of an operation, the way a Part 135 certificate actually generates revenue; we built this programme with all of that in mind.”

The launch is supported by Elevex’s institutional funding arrangements, including a previously announced $1 billion forward flow agreement with TPG alongside credit facilities from Wells Fargo and Woodforest Bank.

Elevex says the division will also provide progress-payment financing for aircraft deliveries and operate without defined aircraft age limits.

Earlier this year, the company joined the National Aircraft Finance Association and the National Business Aviation Association.