Phoenix and AIP Capital to acquire ten LEAP-1B engines
Phoenix Aviation Capital and AIP Capital are to acquire a portfolio of ten LEAP-1B engines from CFM International, supporting the former’s “growth and mission of meeting the fleet and financing needs of its global airline customers”.
Full-service aircraft lessor Phoenix – which is managed exclusively by global aviation asset management and investment firm AIP – will receive the LEAP-1B engines between Q3 and Q4 2024.
“This order reflects a milestone in both AIP Capital’s and Phoenix’s growth strategy,” commented Matthew Adamo, managing partner at AIP. “We are excited to further expand our relationship with CFM and recognise the reliability, fuel efficiency, and performance of the LEAP engine family”.
The agreement – which bolsters Phoenix’s portfolio of new-generation aircraft on long-term leases around the globe – is addition to its 30 737 outstanding aircraft on order from Boeing.
