Phoenix Aviation Capital, managed by AIP Capital, has announced the successful leasing of two Boeing 737 MAX 8 aircraft to 9 Air, a prominent low-cost carrier under Juneyao Airlines. The first of these aircraft was delivered on 28 April, with the second expected later this year.
This strategic move underscores Phoenix and AIP Capital's dedication to offering flexible financing solutions to global airline partners. The transaction was facilitated by AIP Capital Asia, a joint venture focusing on strategic investments in the region. The new aircraft will aid 9 Air in modernising its fleet whilst adhering to its low-cost business model.
Yiping Ke, Managing Director China at AIP Capital, expressed enthusiasm about the partnership, stating, "We are honoured to partner with 9 Air on this transaction. We look forward to deepening our relationship and supporting 9 Air's continued growth and fleet management strategies."
Phoenix Aviation Capital, based in Dublin, is a full-service aircraft lessor committed to financing modern aircraft. AIP Capital, with offices in Stamford, New York City, Dublin, and Singapore, manages approximately $75 billion in assets, focusing on asset-based finance.
9 Air, operating since 2015 from Guangzhou Baiyun International Airport, serves a wide network across Southeast and Northeast Asia, targeting price-sensitive travellers. This latest addition to its fleet is expected to bolster its operational efficiency and market reach
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