AIP Capital and Monroe Capital Announce Aircraft Leasing Venture

Whats Happening:

AIP Capital and Monroe Capital have announced a new venture to acquire a diversified aircraft leasing portfolio. The venture aims to invest up to $1 billion in mid-life aircraft on long-term lease to airlines globally. AIP will act as the servicer of the assets, while Monroe will provide the investment capital.

Key Moves:

• AIP Capital and Monroe Capital form $1 billion aircraft leasing venture

• Venture to target mid-life aircraft on long-term lease to airlines globally

• Monroe secures $500 million senior secured warehouse facility for asset acquisition

By The Numbers:

• Venture targets up to $1 billion in investments

• $500 million initial senior secured warehouse facility secured

• AIP manages approximately $4 billion in assets

Key Quotes:

• "We are excited to announce this partnership with Monroe Capital Alternative Credit Solutions. This venture provides scalable and stable capital; critically, it enhances value to our global airline customers and lessor trading partners even as capital markets have increased volatility," - Jared Ailstock, Managing Partner at AIP

• "We are pleased to partner with AIP as we expand our asset-based finance business into the aviation sector," - Aaron Peck, Managing Director & Co-Head of Alternative Credit Solutions at Monroe

Bottom Line:

The partnership between AIP Capital and Monroe Capital represents a significant move in the aircraft leasing market, combining AIP's expertise in aviation with Monroe's financial backing. This $1 billion venture aims to capitalize on opportunities in mid-life aircraft leasing, potentially offering attractive returns while addressing the needs of airlines globally.

Read Full Article