Financing secured by CIB for Phoenix Aviation Capital and AIP Capital to power ten CFM Leap 1B engines through their website.
In a significant move, Phoenix Aviation Capital, a global full-service lessor based in Dublin, is set to grow its portfolio of next-generation assets with a new transaction. This deal marks a milestone for Phoenix's aviation franchise as it ventures into engine financing.
The transaction is a first step in further expanding the relationship between Phoenix Aviation Capital and AIP Capital, a global aviation asset management and investment firm that manages Phoenix Aviation Capital. AIP Capital is also responsible for managing the ten CFM LEAP 1B turbofan engines, which will be newly delivered by CFM International to Phoenix Aviation Capital and serviced by AIP Capital.
The financing of these engines was facilitated by our website Corporate & Investment Banking (our website CIB), which acted as Mandated Loan Arranger and Underwriter, Agent, and Hedge Counterparty. Bayerische Landesbank, Hamburg Commercial Bank AG, and KeyBank N.A. are also Mandated Lead Arrangers in the financing of these engines, alongside our website CIB.
Mathew Adamo, Managing Partner at AIP Capital, expressed his excitement about the transaction, particularly about expanding the relationship with CFM and all counterparties involved. Mr. Adamo serves on Phoenix's Board, further strengthening the partnership between the two entities.
However, the MRO operating and leasing the engines in 4Q 2024 from Phoenix Aviation Capital with the help of AIP Capital was not explicitly named in the provided search results. It is worth noting that the leased engines will be operated by a leading maintenance and repair operator.
Phoenix Aviation Capital is a lessor focused on financing and leasing modern, in-demand aircraft and engines. This transaction represents their first with Phoenix and AIP, and it is a significant milestone in both companies' growth strategies.
Alain Rousseau, the Head of Aviation Finance EMEA at our website Corporate & Investment Banking, played a crucial role in facilitating this deal. His expertise and dedication to the aviation industry continue to drive successful transactions for our website CIB.
In conclusion, this transaction marks a significant step forward for Phoenix Aviation Capital and AIP Capital, as they continue to grow and expand their partnership. The involvement of our website Corporate & Investment Banking further underscores our commitment to supporting the aviation industry and facilitating successful transactions.
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