Phoenix Aviation Capital and AIP Capital lease four Boeing 737 MAX 8 aircraft to LOT Polish Airlines

Phoenix Aviation Capital, a full-service aircraft lessor, and AIP Capital, an alternative investment manager focused on opportunities in commercial aviation today announced that Phoenix has placed four next-generation Boeing 737 MAX 8 aircraft on long-term lease with LOT Polish Airways, Poland's flag carrier.

Phoenix Aviation Capital is a full-service aircraft lessor focused on financing modern, in-demand aircraft and is dedicated to meeting the financing needs of its airline customers across the globe. Phoenix Aviation Capital is based in Dublin and is managed by AIP Capital, a global aviation asset management and investment firm.

The agreement demonstrates both Phoenix's and AIP Capital's focus on working with airline customers to provide flexible solutions and LOT Polish Airway's objective of expanding its aircraft fleet to enhance operational flexibility and accommodate network expansion.

"We are excited to have concluded this transaction with LOT Polish Airways," said Mathew Adamo, Managing Partner at AIP Capital who also serves on the board of Phoenix. "We look forward to expanding our relationship and continuing to support LOT in managing their fleet."

"We welcome AIP Capital as our next business partner in the aircraft leasing space," said Maciej Dziudzik, LOT Polish Airlines, Fleet Bureau Director. "Modern, next-generation narrowbody aircraft are an important element of our growth strategy for the following years. We are committed to provide our existing passengers and general public the improved connectivity opportunities in Central Europe, either travelling for business or leisure."