Phoenix Aviation Capital, a full-service aircraft lessor, and AIP Capital, an alternative investment manager focused on asset-based finance opportunities  announced the closing of a Pre-Delivery Payment Financing Facility. The facility is intended to be used to finance pre-delivery payments for Phoenix's orderbook of 30x 737 MAX-8 aircraft with Boeing. The facility will provide up to $300 million in total commitments, with $175 million in immediate funding and a $125 million accordion.

Natixis Corporate & Investment Banking ("Natixis") provided the commitments for the facility and acted as Lead Structuring Agent, Mandated Lead Arranger and Underwriter. This event marks the second transaction completed between the organizations, with Natixis supporting Phoenix through financing on 10 CFM LEAP 1B aircraft engines in November 2024.

"We are excited to further expand our relationship with Natixis," said Mathew Adamo, Managing Partner of AIP Capital, who also serves on the board of Phoenix. "This facility represents another milestone for Phoenix as it continues to execute upon its strategy of growing its fleet of next-generation aircraft assets on lease with airlines across the globe."

Vedder Price acted as legal advisor to Phoenix and AIP, and Clifford Chance acted as legal advisor to the lenders. McCann Fitzgerald acted as legal advisor to Phoenix and AIP in Ireland, and PwC provided tax advice.