Phoenix Aviation Capital announced a $250 million upsize to its existing $300 million senior secured credit facility, bringing total commitments to $550 million. Phoenix is a full-service aircraft lessor managed by AIP Capital—an alternative investment manager focused on asset-based finance and a portfolio company of funds advised or controlled by affiliates of BC Partners Advisors L.P. 

The expanded facility drew participation from a consortium of leading financial institutions, including HSBC, Truist, Fifth Third Bank, Crédit Agricole, BNP Paribas, and Bayern LB. Royal Bank of Canada served as Structuring Agent, while RBC, Citibank, and Morgan Stanley acted as Joint Lead Arrangers. 

Since the start of 2025, Phoenix has raised more than $2 billion in bank and institutional capital, reinforcing its access to diversified funding sources and its ability to scale its aircraft leasing platform globally. 

“This expanded participation in the facility represents further confidence in the business among Phoenix’s lender group,” said Jared Ailstock, Managing Partner at AIP Capital. “We are grateful for the support from the bank group as we continue to execute on Phoenix’s disciplined growth strategy.” 

Vedder Price served as transaction counsel and PwC acted as tax advisor to Phoenix and AIP. McCann FitzGerald provided Irish counsel, while Clifford Chance represented the lender group as transaction counsel.