Phoenix Aviation Capital, a full-service aircraft lessor, and AIP Capital today announced the acquisition of one Boeing 787-9 aircraft on long-term lease with American Airlines from ORIX Aviation.
This marks the first transaction between Phoenix and AIP Capital with ORIX. The aircraft acquired by Phoenix, bearing manufacturers serial number 40646, is a 2018 vintage Boeing 787-9 powered by GEnx engines.
Mathew Adamo, Managing Partner at AIP Capital who also serves on the board of Phoenix said: “We are pleased to have concluded this inaugural transaction with ORIX Aviation.
“We appreciate ORIX’s professional manner and collaboration throughout this transaction, and we look forward to building upon this successful partnership in the future.”
James Meyler, CEO at ORIX Aviation said: “We are delighted to have successfully completed our first transaction with AIP Capital and Phoenix Aviation Capital.
“We look forward to working closely again with both in the future.”
Gibson Dunn acted as transaction counsel to Phoenix and AIP Capital.
O’Melveny acted as transaction counsel to ORIX Aviation. KPMG advised Phoenix and AIP Capital on tax matters.
