AIP Capital has completed a $240 million debt financing to ITA Airways through its private credit strategy. The debt financing is secured by three 2024 A330-900neo aircraft with Trent 7000 engines.
The aircraft are part of ITA's fleet modernisation programme as it moves towards its sustainability targets.
""This transaction is a testament not only to our shared mission of fostering more sustainable air travel, but to AIP's expertise in structuring innovative, scaled, capital solutions for our airline customers globally,"" said AIP Capital managing director, head of private credit Michael Kittle.
ITA Airways chairman Antonino Turicchi said: ""This agreement represents a milestone in the expansion of ITA's new-generation fleet and is in line with ITA Airways' strategy of flanking shareholder equity with a balanced contribution of debt capital.""
AIP Capital and ITA Airways complete secured debt financing
