Itasca MGA Limited, an aviation-focused managing general agent formed by Castlelake and Pine Walk Capital, a subsidiary of The Fidelis Partnership, announced its insurance support for Elevate Capital Partners in securing a financing solution for two E195-E2 aircraft.
“Itasca is pleased to provide support to Elevate Capital Partners as it takes delivery of these assets,” added Gareth John, CEO of Itasca MGA.
“With insurance-backing from Itasca, we believe lessors and airlines are able to access more competitive and creative financing solutions that empower their business plans.”
The policy underwritten by Itasca facilitated Elevate’s role as arranger and servicer to secure efficient financing for two E195-E2 aircraft, leased to Porter, a Canadian regional airline.
This was delivered in September 2024, marking Itasca’s first Embraer aircraft transaction since its establishment in October 2023.
