FTAI Aviation has closed a $2 billion warehouse financing facility for the second investment vehicle of its Strategic Capital business, with an accordion that could increase total capacity to $3 billion.
The 13-member lender group also includes Apple Bank, BNP Paribas, Citibank, Citizens Bank, Goldman Sachs, MUFG Bank, PNC Bank, Royal Bank of Canada, Standard Chartered, Truist Bank and U.S. Bank.
The facility closed on August 14 and will finance acquisitions by FTAI’s 2026 SPV.
The vehicle plans to begin acquiring on-lease, mid-life Boeing 737NG and Airbus A320ceo aircraft during August.
FTAI will perform engine maintenance for the aircraft through its Maintenance, Repair and Exchange business.
With the new financing, Strategic Capital vehicles have raised approximately $5.5 billion of warehouse financing in less than two years.
The company’s first Strategic Capital vehicle, the 2025 SPV, previously raised $2 billion in equity commitments in October 2025.
That vehicle has since committed approximately $6 billion across more than 300 aircraft and has entered what FTAI describes as its harvest phase.
The strategy combines ownership of mid-life narrowbody aircraft with FTAI’s internal engine maintenance capabilities, allowing the company to participate across more of the aviation asset lifecycle.
Support: ATLAS SP Partners and Deutsche Bank served as co-structuring agents. And Gibson Dunn served as counsel to FTAI, while Clifford Chance advised the lenders.
KEY QUOTES:
“This financing represents continued execution of our Strategic Capital business plan. Less than two years after launch, our inaugural vehicle has committed approximately $6.0 billion of total capital across over 300 aircraft and is now in its harvest phase.”
“We are grateful to our lending partners, whose support reflects growing confidence in our platform as we carry this momentum and a robust pipeline of new acquisitions into the 2026 SPV.”
Kallie Steffes, Head of Strategic Capital at FTAI
