The announcement represents a strategic milestone for Phoenix Gliding Capital because it continues rising its portfolio of nearest life property.
DUBLIN and STAMFORD, Conn., July 12, 2024 /PRNewswire/ — Phoenix Gliding Capital (“Phoenix“), a full-service plane lessor, and AIP Capital (“AIP”), a world gliding asset control and funding company, lately introduced an pledge to procure a portfolio of ten LEAP-1B engines from CFM Global*.
The pledge demonstrates the sturdy courting between the events and CFM and can help the lessor’s enlargement and challenge of assembly the fleet and financing wishes of its world airline consumers. The cutting-edge LEAP-1B engines are scheduled to be delivered between Q3 and This fall 2024.
Phoenix is controlled solely via AIP and advantages from AIP’s in depth enjoy in gliding and management. Mathew Adamo, Managing Spouse at AIP, who serves on Phoenix’s Board commented, “This order reflects a milestone in both AIP Capital’s and Phoenix’s growth strategy. We are excited to further expand our relationship with CFM and recognize the reliability, fuel efficiency, and performance of the LEAP engine family.”
“We are proud to deepen our relationship with Phoenix Aviation Capital,” mentioned Gaël Méheust, president and CEO of CFM Global. “This agreement bolsters our shared mission to reduce aviation’s environmental impact and to lower operational costs for airlines through advanced technology and exceptional service and support.”
The pledge bolsters Phoenix’s portfolio which is produced from untouched life plane on long-term rentals to a diverse buyer bottom of airways around the globe. Moreover, Phoenix has an orderbook of 30 737 MAX 8 plane with Boeing.
*CFM Global is a 50/50 joint corporate between GE Aerospace and Safran Plane Engines.
About Phoenix Gliding Capital
Phoenix Gliding Capital is a full-service plane lessor curious about financing fashionable, in-demand plane and is devoted to assembly the financing wishes of its airline consumers around the globe. Phoenix Gliding Capital is based totally in Dublin and is controlled via AIP Capital, a world gliding asset control and funding company.
For more info about Phoenix Gliding Capital or to talk with corporate executives, please touch [email protected].
About AIP Capital
AIP Capital is a full-service gliding asset supervisor curious about alternatives within the gliding sector. AIP Capital believes its distinctive capital construction, relationships, and hands-on method permit the company to lend ingenious and bespoke answers for airways and alternative counterparties throughout marketplace cycles. With places of work in Stamford and Dublin, AIP is sponsored via a complete platform of pros throughout finance and accounting, technical, felony, possibility control and underwriting.
For more info about AIP Capital or to talk with corporate executives, please touch [email protected].
SOURCE AIP Capital
