Phoenix Aviation Capital and AIP Capital have placed four next-generation Boeing 737 MAX 8 aircraft on long-term lease with LOT Polish Airways.
“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.”
The agreement builds on LOT’s objective of expanding its aircraft fleet to enhance operational flexibility and accommodate network expansion.
“We welcome AIP Capital as our next business partner in the aircraft leasing space,” said Maciej Dziudzik, LOT Polish Airlines, fleet bureau director.
Dziudzik added: “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.”
LOT received its first 737 MAX aircraft in 2017 and operate a total of 15 of the aircraft type.