AIP Capital, an alternative investment manager focused on opportunities in asset-based finance, and Breeze Airways, a leisure carrier offering direct flights from underserved markets, closed a $47.5 million secured debt financing through AIP’s private credit strategy. The financing is secured by a diversified collateral package comprising the airline’s spare parts inventory, a spare engine and a flight simulator.
The financing will support Breeze’s growth strategy as it continues to achieve key strategic milestones. With the introduction of new domestic and international routes and the expansion of ancillary products, Breeze has been delivering on its mission to provide travelers with an enhanced travel experience across its growing network.
“We are proud to deepen our relationship with Breeze Airways by providing a bespoke financing solution to support Breeze’s strategic growth. This transaction underscores AIP’s ability and expertise in structuring innovative, scalable capital solutions for our airline partners globally,” Colm Daly, director at AIP Capital, said.
Trent Porter, chief financial officer of Breeze Airways, added, “We are pleased to have closed this strategic transaction with AIP Capital. We’re excited to have partnerships like AIP looking to explore innovative ways to support Breeze’s growth and mission to provide an elevated premium leisure experience to our current and future Guests in unserved and underserved communities.”
