AIP Capital and ITA Airways Complete Secured Debt Financing – AIP Capital
Summary
The A330neo incorporates the latest-generation Rolls-Royce Trent 7000 engines, new wings and a range of aerodynamic innovations which offers a 25% reduction in fuel consumption and CO2 emissions.We are proud to deepen our partnership with ITA Airways by providing a bespoke financing solution to support ITAs fleet modernization, said Michael Kittle, Managing Director, Head of Private Credit at AIP Capital. This transaction is another important stride forward in ITA Airways growth strategy, and it has been possible thanks to an increasing credibility with banks and investors which was acquired through the positive performance recorded in 2023 and in the first half of 2024. We are pleased with the trust provided to us by the AIP Team.The new-generation aircraft are highly demanded due to their low fuel consumption, lower operating costs, and reduced emissions, enabling a significant reduction in carbon footprint. With offices in Stamford, Dublin, and Singapore, AIP maintains a global footprint and is backed by a full platform of professionals across finance, technical, legal, risk management and underwriting.For more information about AIP Capital or to speak with company executives, please contact investor.relations@aipcapital.com.ITA Airways is the Italian reference airline, wholly owned by the Italian Ministry of Economy and Finance. ITA Airways aims to create an efficient and innovative air carrier that will become a reference point in providing Italy with quality connectivity both in terms of international destinations, thus boosting tourism and foreign trade, and within the Country, also taking advantage of the train-air integrated mobility.