Phoenix Aviation Capital prices its inaugural structured EETC to finance seven 737 MAX 8 aircraft

Aircraft lessor Phoenix Aviation Capital priced its first structured enhanced equipment trust certificate (EETC) financing, Phoenix Aviation Capital Series 2024-1 EETC (PAC 2024-1) since its formation in April 2024. PAC 2024-1 totals $242 million of asset-backed debt and will be used to finance a portfolio of seven new 737 MAX 8 aircraft across two lessees. The aircraft in the portfolio have a weighted average age of approximately one year and a remaining lease term of around 10 years. The transaction comprises two tranches: $205.2 million Class A notes and $39.9 million of Class B notes. The Class A notes to