Phoenix Aviation Capital, a full-service aircraft lessor managed by AIP Capital, has announced an increase of $250 million to its existing $300 million senior secured credit facility, bringing total commitments to $550 million. The expansion strengthens Phoenix’s financial capacity as it continues to execute its global growth strategy within the aviation leasing sector.
The upsized facility includes participation from a syndicate of major financial institutions, including HSBC, Truist, Fifth Third Bank, Crédit Agricole, BNP Paribas, and Bayern LB. Royal Bank of Canada served as the Structuring Agent, while RBC, Citibank, and Morgan Stanley acted as the Joint Lead Arrangers. The enhanced facility marks another milestone for Phoenix, which has raised over $2 billion in bank and institutional capital since the beginning of 2025.
The expanded facility provides Phoenix with additional liquidity and flexibility to meet the evolving needs of its global airline partners. The company continues to benefit from strong lender support, reflecting confidence in its management and business model amid sustained demand for aviation finance solutions.
Phoenix Aviation Capital, under the management of AIP Capital—a global alternative investment manager focused on asset-based finance—operates a growing portfolio of aircraft and related aviation assets. AIP Capital manages approximately $4 billion in assets across offices in Stamford, New York, Dublin, and Singapore. The firm specializes in aviation and equipment finance, offering investors exposure to income-generating assets supported by long-term fundamentals.
Transaction counsel for Phoenix and AIP was provided by Vedder Price, with PwC serving as tax advisor and McCann Fitzgerald as Irish counsel. Clifford Chance acted as counsel to the lenders.
BC Partners, through its affiliate BC Partners Credit, is a key shareholder in AIP Capital and continues to provide strategic support through its broader platform of private equity, credit, and real estate investments.
Founded in 1986, BC Partners manages diversified strategies across business services, industrials, healthcare, and other sectors, leveraging its extensive network and operational expertise to provide flexible financing solutions globally.
KEY QUOTES:
“This expanded participation in the facility represents further confidence in the business among Phoenix’s lender group. We are grateful for the support from the bank group as we continue to execute on Phoenix’s growth strategy.”
Jared Ailstock, Managing Partner, AIP Capital
“Welcoming new lenders demonstrates the support Phoenix and AIP have in the aviation bank market. The facility will provide Phoenix with additional capacity and flexibility to support the Company’s global airline customers.”
Patrick Schafer, Partner at BC Partners and Board Member of Phoenix Aviation Capital
