Merit AirFinance, an aviation lending company focused on providing customised debt capital solutions to airlines and aircraft leasing companies, has closed or committed approximately US$1.3 billion in financing across 11 transactions since launching operations in August 2025.
The company’s early activity reflects strong demand in the aviation sector for flexible and tailored financing structures. Of the 11 transactions completed or committed to date, six have been with aircraft leasing companies and five with airlines, illustrating Merit’s strategy of supporting both key segments of the aviation market.
Among the recent deals is the company’s largest transaction so far, representing more than US$350 million in total notional value. The financing was completed with one of the world’s largest aviation leasing companies and marks the second transaction between the two parties since Merit began operations. The deal highlights the company’s approach of building long-term partnerships while structuring financing solutions designed to meet the specific needs of its counterparties.
Patrick Mahoney, President of Merit AirFinance, said the company’s focus since launch has been on efficient execution and delivering customised financing structures that align with the operational and financial objectives of airlines and leasing companies. He added that Merit’s success is closely linked to the success of its partners, and that the firm places strong emphasis on understanding its counterparties’ goals and operational challenges in order to build long-lasting, mutually beneficial relationships.
To support its continued growth and expanding pipeline of transactions, Merit has also been strengthening its team with professionals bringing a range of aviation industry expertise. This includes the appointment of Brian Devenney as Head of Origination. Prior to joining Merit, Devenney served as Senior Vice President at Perseus Aviation and Merx Aviation.
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