#USA #Dania Beach #Next Level Aviation #PNC Bank #USM

Next Level Aviation Secures Major Funding for Growth

Next Level Aviation® (NLA), a prominent player in the global distribution of used serviceable materials (USM) specifically for Boeing and Airbus commercial aircraft, has recently secured a significant financial boost. The company finalized a $50 million revolving credit facility with PNC Bank, enhancing its capabilities to expand inventory amid rising demand and diversify its product offerings.

Strategic Importance of the Credit Line

This newly secured credit line is not merely a financial cushion; it is a strategic instrument aimed at supporting NLA's ambitious growth plans. Jack Gordon, the Chairman and CEO of NLA, expressed enthusiasm regarding this collaboration with PNC Bank, stating, "This credit facility will serve as the financial underpinning for our next growth phase."

The available capital will enable NLA to bolster its stock of USM, essential for servicing a vast fleet of aircraft that forms the backbone of global air transportation. As the aviation industry gradually rebounds from the challenges posed by the pandemic, NLA is poised to capitalize on increased maintenance and servicing needs for aging aircraft.

PNC Bank's Role and Perspective

The relationship between NLA and PNC Bank reflects a mutual commitment to fostering growth. Ray Fernandez-Andes, CFO of NLA, articulated confidence in this partnership, highlighting the innovative financial strategies that PNC Bank will provide to support their operational objectives.

Peter Mardaga, head of PNC Business Credit, acknowledged the significance of this new alliance, affirming that their services will align with NLA's business goals, thereby elevating their operational capabilities in the aviation sector.

Overview of Next Level Aviation

Founded in March 2013 by Jack Gordon, Mike Dreyer, and Matt Dreyer, Next Level Aviation has swiftly established itself as a leading supplier of used serviceable materials for commercial aircraft. Specializing in the Boeing 737 and Airbus A320 families, NLA’s inventory is crucial as these aircraft models encompass approximately 70% of the global commercial aviation fleet.

NLA is not just a supplier; it is an ASA-100 accredited and FAA Advisory Circular 00-56B compliant provider, committed to quality and service in the aviation market. The company’s growth is underscored by its dedication to stocking USM, ensuring that airlines have access to cost-effective and reliable parts essential for aircraft maintenance.

Looking Ahead

With this financial injection from PNC Bank, NLA is not only looking to increase its stock of USM but is also gearing up to explore complementary business avenues. As the aviation industry evolves, the need for diverse service offerings becomes apparent. The funds will support NLA's initiatives to broaden its service capabilities, enhancing its competitive edge in a rapidly changing market.

In conclusion, Next Level Aviation's strategic move to secure this credit facility with PNC Bank marks a significant step toward realizing its growth ambitions in the aviation industry. As demand for maintenance, repair, and overhaul (MRO) services escalates globally, NLA is set to lead the way in providing essential services and materials to support airline operations.

For those seeking more information about NLA and their offerings, visit Next Level Aviation's official website.