Phoenix Aviation Capital, a full-service aircraft lessor, and AIP Capital, an alternative investment manager, announced April 11 the closing of a pre-delivery payment financing facility totaling up to $300 million.
The facility will fund pre-delivery payments for Phoenix’s order of 30 Boeing 737 MAX-8 aircraft. It includes $175 million in immediate funding and a $125 million accordion option.
Natixis Corporate & Investment Banking provided the commitments and served as lead structuring agent, mandated lead arranger and underwriter. This marks the second financing transaction between the firms, following a November 2024 deal that supported the purchase of 10 CFM LEAP-1B aircraft engines.
“We are excited to further expand our relationship with Natixis,” said Mathew Adamo, managing partner of AIP Capital and board member at Phoenix. “This facility represents another milestone for Phoenix as it continues to execute its strategy of growing its fleet of next-generation aircraft assets on lease with airlines across the globe.”
Vedder Price and McCann Fitzgerald served as legal advisors to Phoenix and AIP, while Clifford Chance advised the lenders. PwC provided tax counsel.
Phoenix Aviation Capital is based in Dublin and managed by AIP Capital, which oversees about $4 billion in assets across offices in Stamford, New York, Dublin and Singapore.
