American Airlines Expands Leasing Portfolio with New Boeing 787-9 Deal

Written By: Binoy Mehera

Binoy Mehera

A curious mind driven by a passion for storytelling, I find inspiration in uncovering hidden perspectives, exploring diverse experiences, and shaping ideas into narratives that leave an impact. With three years of experience in journalism and content creation, I have developed a strong instinct for identifying meaningful stories, blending research with creativity, and presenting information in a way that connects with readers. My storytelling journey is guided by a fascination for culture, travel, lifestyle, and the human experiences that define our world. I aim to create narratives that not only inform but also spark curiosity, evoke emotions, and offer audiences a deeper understanding of every story.

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November 21, 2024 06:03 GMT+5:30

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American Airlines’ long-term operations have been further strengthened with the addition of a Boeing 787-9 Dreamliner, secured through a strategic acquisition by Phoenix Aviation Capital and AIP Capital. The aircraft, known for its cutting-edge efficiency and long-haul capabilities, was purchased from ORIX Aviation, a prominent player in aircraft leasing and asset management.

This collaboration underscores American Airlines’ reliance on modern and versatile aircraft to meet growing global travel demands. The Boeing 787-9, celebrated for its fuel economy and passenger comfort, plays a vital role in ensuring the airline remains competitive in international markets.

For Phoenix Aviation Capital and AIP Capital, the acquisition represents a focused investment in premium aviation assets, capitalizing on the steady recovery in global air travel. The deal showcases the robust synergy between lessors and airlines in adapting to industry needs, reflecting a shared vision for growth and innovation in commercial aviation.

This transaction represents the inaugural collaboration between Phoenix Aviation Capital, AIP Capital, and ORIX Aviation. The acquired aircraft, a 2018 Boeing 787-9 equipped with advanced GEnx engines, bears the manufacturer’s serial number 40646, highlighting its modern design and operational efficiency.

“We are pleased to have concluded this inaugural transaction with ORIX Aviation,” said Mathew Adamo, Managing Partner at AIP Capital who also serves on the board of Phoenix. “We appreciate ORIX’s professional manner and collaboration throughout this transaction, and we look forward to building upon this successful partnership in the future.”

“We are delighted to have successfully completed our first transaction with AIP Capital and Phoenix Aviation Capital,” said James Meyler, CEO at ORIX Aviation. “We look forward to working closely again with both in the future.”

Gibson Dunn served as transaction counsel for Phoenix Aviation Capital and AIP Capital, while ORIX Aviation was represented by O’Melveny in the deal. Additionally, KPMG provided tax advisory services to Phoenix and AIP Capital, ensuring compliance and financial optimization.