DUBLIN and STAMFORD, Conn., May 5, 2026 — Phoenix Aviation Capital, a Dublin-based aircraft leasing company managed by AIP Capital, announced the signing of long-term lease agreements for two Boeing 737 MAX 8 aircraft with 9 Air, a leading low-cost carrier based in Guangzhou, China. The first of these aircraft was delivered successfully on April 28, 2026, with the second scheduled for delivery later this year.
This transaction highlights the growing regional footprint of Phoenix and AIP Capital, emphasizing their commitment to providing flexible financing solutions to support airlines' fleet renewal strategies. The deal was facilitated by AIP Capital Asia, focusing on strategic investments in the aviation sector within the region.
Support for Fleet Modernization
The new Boeing 737 MAX 8 aircraft, renowned for their fuel efficiency, align with 9 Air’s ambitions to modernize its fleet while maintaining its low-cost operation model. This expansion allows 9 Air to strengthen its competitive edge in both domestic and regional markets.
"We are pleased to partner with 9 Air for this fleet upgrade,” said Yiping Ke, Managing Director at AIP Capital China. “Our tailored leasing solutions enable airlines like 9 Air to achieve growth and sustainability objectives effectively."
Phoenix Aviation Capital’s focus on asset-backed financing and AIP Capital’s expertise in aviation investments form the cornerstone of this deal, which exemplifies ongoing regional leasing activity. 9 Air, headquartered at Guangzhou Baiyun International Airport, operates a network across Asia, serving cost-conscious travelers and expanding its presence in Southeast and Northeast Asia.
This agreement underscores the increasing importance of strategic aircraft leasing in supporting regional airline growth and modernization efforts amid evolving market conditions.
