Phoenix Aviation Capital Expands Fleet with Boeing 787-9 Lease

Phoenix Aviation Capital Enters Lease Agreement with American Airlines

Phoenix Aviation Capital, a dynamic player in the aircraft leasing industry, has taken a significant step by acquiring a Boeing 787-9 aircraft on a long-term lease to American Airlines. This exciting development represents the start of a fruitful collaboration with AIP Capital, a leading alternative investment manager focused specifically on commercial aviation. By partnering with ORIX Aviation for this transaction, Phoenix is not only expanding its fleet but also leveraging the expertise of industry leaders.

Revolutionizing Aircraft Leasing

The Acquisition Details

The Boeing 787-9 acquired by Phoenix bears the manufacturer's serial number 40646 and is a 2018 model, featuring advanced GEnx engines. This aircraft is renowned for its fuel efficiency and passenger comfort, making it an excellent addition to American Airlines' fleet. The partnership aims to capitalize on the growing demand for modern aircraft as airlines continue to rebound from global challenges.

Leadership Insights on the Collaboration

Mathew Adamo, Managing Partner at AIP Capital, expressed his satisfaction with the completion of this inaugural transaction saying, "We appreciate ORIX's professional manner and collaboration, and we are eager to build on our successful partnership in the years to come." This sentiment was echoed by James Meyler, the CEO of ORIX Aviation, who stated his excitement about continuing to work with both Phoenix and AIP Capital in future endeavors.

Strategic Partnerships and Support

Legal and Financial Guidance

In the backdrop of this deal, Gibson Dunn provided valuable legal counsel to both Phoenix and AIP Capital, while O'Melveny advised ORIX Aviation. Moreover, KPMG played a crucial role by advising Phoenix and AIP Capital on tax-related matters, ensuring that the transaction adhered to financial regulations and benefited both parties.

About the Companies Involved

Phoenix Aviation Capital is well-established as a full-service aircraft lessor, committed to financing modern aircraft that meet the needs of global airline customers. Their operational base in Dublin and management by AIP Capital underline their strategic focus on providing value within the aviation sector.

AIP Capital itself is known for its innovative investment strategies within commercial aviation. With offices located in key financial hubs such as Stamford, Dublin, and Singapore, AIP boasts a comprehensive team of professionals dedicated to managing aviation assets effectively. They aim to deliver superior risk-adjusted returns, capitalizing on their extensive market knowledge and relationships.

Frequently Asked Questions

What aircraft did Phoenix Aviation Capital acquire?

Phoenix Aviation Capital acquired a Boeing 787-9 aircraft under a long-term lease agreement with American Airlines.

Who are the key partners in this transaction?

The transaction involved Phoenix Aviation Capital, AIP Capital, and ORIX Aviation, showing a robust partnership aimed at enhancing aircraft availability.

Why is the Boeing 787-9 a significant addition?

This aircraft model is acclaimed for its fuel efficiency and passenger comfort, making it a valuable asset for airlines like American Airlines.

What support did Phoenix receive during the acquisition?

Phoenix received legal counsel from Gibson Dunn and O'Melveny, as well as financial advice from KPMG regarding tax matters.

What does this acquisition imply for the future?

The acquisition demonstrates Phoenix Aviation Capital's commitment to expanding its fleet and indicates a positive growth trajectory in the aviation leasing industry.

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