Next Level Aviation-Ireland secures credit facility to boost local operations

Next Level Aviation-Ireland Ltd (NLAI), the Irish subsidiary of global supplier Next Level Aviation®, has secured its first revolving credit facility of $5 million (€4.3 million) with PNC Bank.

The funding will support inventory growth, expand serviceable material availability, and strengthen Ireland’s aviation aftermarket capabilities.

NLAI specialises in supplying used serviceable materials (USM) for Boeing and Airbus aircraft, with a focus on the Boeing 737 and Airbus A320 families, which make up approximately 70% of the global commercial fleet. The additional working capital will allow the company to meet growing airline demand in Ireland and enhance its operational footprint.

Jack Gordon, Chairman & CEO of Next Level Aviation®, said: "We are very appreciative that PNC Bank, one of the largest diversified financial institutions in the United States, has the confidence in Next Level Aviation's global business model, management team and financial performance to increase our total access to asset-based credit by 60% in less than one year of working together, in addition to extending our Irish subsidiary, Next Level Aviation-Ireland, Ltd., its first revolving credit facility.”

Ray Fernandez-Andes, Chief Financial Officer, added: "As we continue to grow, the global nature of Next Level Aviation's business presents both unique challenges and opportunities. The PNC Business Credit team has taken the time to understand all of this, and crafted banking solutions that set Next Level Aviation® up for continued success in the commercial aviation aftermarket."

The announcement also notes that the U.S.-based parent company’s revolving credit facility with PNC Bank has been increased from $50 million (€43 million) to $75 million (€64.5 million), reflecting the strength of Next Level Aviation’s global business model.

Learn how Next Level Aviation-Ireland is using its new credit facility to strengthen Ireland’s aviation aftermarket in the full story.