Phoenix Aviation Capital and AIP Capital Announce the Closing of a Pre-Delivery Payment Facility with up to $300 Million in Total Commitments

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~ Phoenix Aviation Capital and AIP Capital have announced the successful closing of a Pre-Delivery Payment Financing Facility. The facility, which will provide up to $300 million in total commitments, is intended to finance pre-delivery payments for Phoenix's orderbook of 30x 737 MAX-8 aircraft with Boeing.

Natixis Corporate & Investment Banking played a key role in this transaction, providing the commitments for the facility and acting as Lead Structuring Agent, Mandated Lead Arranger and Underwriter. This marks the second collaboration between Natixis and Phoenix, with Natixis previously supporting Phoenix through financing on ten CFM LEAP 1B aircraft engines in November 2024.

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"We are excited to further expand our relationship with Natixis," said Mathew Adamo, Managing Partner of AIP Capital and board member of Phoenix. "This facility represents another milestone for Phoenix as it continues to grow its fleet of next-generation aircraft assets on lease with airlines worldwide."

The legal advisors for this transaction were Vedder Price for Phoenix and AIP, Clifford Chance for the lenders, and McCann Fitzgerald for Phoenix and AIP in Ireland. PwC provided tax advice.

Phoenix Aviation Capital is a full-service aircraft lessor while AIP Capital is an alternative investment manager focused on asset-based finance opportunities. This partnership between the two companies highlights their commitment to providing innovative financing solutions in the aviation industry. With this new facility in place, Phoenix is well-positioned to continue its growth strategy and meet the increasing demand for next-generation aircraft assets from airlines around the world.
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