FTAI Aviation (FTAI) said Wednesday that it has secured a $2.5 billion debt financing commitment led by ATLAS SP Partners and Deutsche Bank's (DB) New York branch to fund acquisitions of on-lease Boeing (BA) 737NG and Airbus A320ceo aircraft.
The company said the financing is part of FTAI's Strategic Capital Initiative, which aims to deploy over $4 billion in total capital. ATLAS SP committed $2 billion to the transaction, FTAI added.
All acquired engines will be maintained through FTAI's Maintenance, Repair, and Exchange division, the company said.