Phoenix Aviation Capital, the full-service aircraft lessor managed by AIP Capital (AIP), has announced the successful issuance of a US$592 million term loan facility, marking an important step in its next phase of growth. AIP Capital, an alternative investment manager focused on asset-based finance and backed by funds advised or controlled by affiliates of BC Partners Advisors L.P., said the proceeds will be used to refinance existing warehouse debt and support future expansion.
The financing attracted strong backing from major institutions. Morgan Stanley, Citi and RBC Capital Markets acted as joint lead arrangers and joint bookrunners, with Morgan Stanley also serving as administrative agent and collateral gent.
The term loan adds to a substantial year of capital raising for the lessor. Since the start of 2025, Phoenix has secured more than US$2 billion in bank and institutional funding to advance its growth strategy. This capital has helped the company scale its aviation portfolio and respond to rising airline demand for efficient, in-production aircraft as carriers continue fleet renewal programmes and expand capacity in response to sustained passenger traffic.
Jared Ailstock, Managing Partner at AIP, said the new facility marks an important milestone. “The issuance of this term loan facility provides Phoenix with longer-term flexibility as it continues to grow its portfolio of in-demand aviation assets,” he said. “We also believe the issuance of this facility demonstrates further confidence in Phoenix’s strategy among Phoenix’s lending counterparties.”
With this latest financing in place, Phoenix Aviation Capital is positioned to accelerate portfolio development, strengthen its balance sheet and pursue fresh opportunities across the global leasing market at a time of strong investor interest in aviation assets.
