Phoenix Aviation Capital (Phoenix), a full-service aircraft lessor, and AIP Capital have announced the closing of a pre-delivery payment (PDP) financing facility. The facility is designed to fund pre-delivery payments for Phoenix's orderbook of 30 Boeing 737 MAX-8 aircraft. It provides up to US$300 million in total commitments, comprising US$175 million in immediate funding and a US$125 million accordion feature.
Natixis Corporate & Investment Banking (Natixis) provided the commitments for the facility and served as lead structuring agent, mandated lead arranger, and underwriter. This marks the second transaction between the organisations, following Natixis's support for Phoenix in November 2024 with financing for ten CFM LEAP 1B aircraft engines.
Mathew Adamo, Managing Partner of AIP Capital and board member at Phoenix, expressed enthusiasm about further strengthening the partnership with Natixis. “This facility represents another milestone for the company as it continues to execute upon its strategy of growing its fleet of next-generation aircraft assets on lease with airlines across the globe.”
