Aircraft lessor Phoenix Aviation Capital has announced the signing of long-term lease agreements with 9 Air Co., Ltd. for two Boeing 737 MAX 8 aircraft. The first aircraft was delivered on April 28, 2026, as part of 9 Air's efforts to modernize its fleet and expand its regional operations. Managed by AIP Capital, the transaction underscores a strategic focus on facilitating airline growth through flexible aircraft financing solutions.
Based in Dublin and managed by AIP Capital, Phoenix Aviation Capital offers financing for modern, in-demand aircraft globally. 9 Air, operating out of Guangzhou Baiyun International Airport, serves both domestic and international routes across Southeast and Northeast Asia, targeting price-sensitive travelers as China's first low-cost carrier in its region.
Strategic Partnership and Future Outlook
The partnership aligns with 9 Air’s objective to upgrade its fleet with fuel-efficient aircraft. Yiping Ke, Managing Director at AIP Capital China, highlighted their commitment to supporting airline growth. The deal was facilitated by AIP Capital Asia, emphasizing regional aircraft investments and strategic financing. The new Boeing 737 MAX 8 aircraft will help reinforce 9 Air’s market position and support continued expansion in the Asian low-cost aviation sector.
