12-08-2025
Castlelake Launches $1.8 Billion Aviation Lending Platform
Private credit lender Castlelake LP is debuting an aviation lending platform that already holds more than $1.8 billion of capital and is tapping Patrick Mahoney to lead it.
The new business, called Merit AirFinance, will give out debt packages to airlines and leasing companies for new and used planes, according to a statement. Mahoney — who has worked at Castlelake since 2017, most recently as head of aviation's capital markets — joins the platform as its president upon Tuesday's launch.
