Breeze Closes $228 Million Secured Debt Facility With AIP

AIP Capital announced on November 5, 2026 that it and Breeze Airways had closed a $228 million secured debt facility through AIP’s Private Credit strategy. The financing will support Breeze’s acquisition of six new Airbus A220-300 aircraft from Airbus and is secured by those aircraft, providing funding for the airline’s planned fleet expansion.

The facility will support Breeze’s growth strategy as the airline expands several new domestic and international routes. That route development forms part of Breeze’s stated mission to connect communities and provide travelers with an enhanced experience across its growing network. The completed transaction is the debt financing itself: the aircraft acquisition and associated expansion are the facility’s stated uses and rationale, rather than completed deliveries reported alongside the closing.

A Larger Second Financing

Breeze Chief Financial Officer Trent Porter identified this as the airline’s second financing with AIP. Porter said: “AIP has proven to be a reliable financing partner, and we value their continued support as we execute on our growth strategy and further our mission of delivering a high-value, low-cost travel experience to Guests in underserved and unserved communities”.

The earlier transaction, announced on October 14, 2025, was a $47.5 million secured debt financing through the same Private Credit strategy. Its collateral consisted of Breeze’s spare parts inventory, a spare engine and a flight simulator. That financing was likewise connected to Breeze’s growth strategy, new domestic and international routes and an expansion of ancillary products.

The difference between the two facilities is $180.5 million, calculated by subtracting the earlier financing amount from the new facility’s amount. Beyond that increase in scale, the transactions used different forms of disclosed security. The 2025 package drew on a mixture of inventory, spare equipment and training equipment, while the new facility is backed by six new aircraft being acquired from the manufacturer. The relationship has consequently expanded from a smaller financing supported by non-aircraft aviation assets to a larger facility tied directly to additions to Breeze’s fleet.

Private Credit Across Aircraft and Other Collateral

AIP’s Private Credit business provides tailored financing to airlines worldwide, secured by either aircraft or non-aircraft collateral. Its two Breeze transactions illustrate both sides of that approach: the earlier deal used spare parts, an engine and a simulator, while the latest financing uses commercial aircraft as security. AIP describes its global origination capabilities and capital relationships as the foundation for structuring these financings for airline customers.

“We are pleased to further strengthen our relationship with Breeze Airways through this financing, which supports the airline’s continued fleet growth and strategic development,” said Colm Daly, Director at AIP Capital. Daly characterized the transaction as an example of AIP’s tailored capital solutions and its commitment to serving as a financing partner to airlines globally.

The announcement does not disclose the facility’s interest rate, maturity, repayment schedule or the delivery timing for the six aircraft. Those omissions limit what can be concluded about the cost and duration of Breeze’s new borrowing or the pace at which the aircraft will enter its fleet.

The deal nevertheless deepens a financing relationship that now spans both non-aircraft and aircraft collateral. For Breeze, the practical significance of the larger facility rests on completing the six-aircraft acquisition and translating those additions into the fleet and network growth that both companies describe as the purpose of the borrowing.