#USA #Dania Beach #Next Level Aviation #PNC Bank #used serviceable materials

Next Level Aviation® Secures $50 Million Credit Facility from PNC Bank

Next Level Aviation® (NLA), a prominent player in the global distribution of Used Serviceable Materials (USM) for Boeing and Airbus commercial aircraft, has announced a significant milestone in their growth strategy. Recently, NLA has obtained a renewable credit facility amounting to $50 million from PNC Bank, a leading financial institution in the United States. This financial backing will aid NLA in strengthening its inventory of USM and diversifying its operations into complementary sectors.

Strategic Importance of the Credit Facility

The introduction of this credit facility is more than just a financial arrangement; it represents a crucial step for Next Level Aviation as it seeks to fortify its position in the aerospace supply chain. Jack Gordon, CEO of NLA, expressed his enthusiasm over this partnership with PNC Bank, emphasizing that this marks the foundational phase of their upcoming growth trajectory. The increased accessibility to funds will empower NLA to scale its inventories, catering to a growing demand for sustainable aviation parts amidst a resurgence in air travel.

Ray Fernandez-Andes, CFO of NLA, reinforced these sentiments, highlighting the importance of establishing a solid financial relationship with PNC Bank. He looks forward to the growth opportunities that will arise through this collaboration as they continue to enhance their service offerings.

Insights from PNC Bank

According to Peter Mardaga, head of PNC Business Credit, the partnership aligns with NLA's business goals and supports the company's growth ambitions. The backing from PNC Bank is positioned to provide Next Level Aviation with the financial tools necessary to maintain and elevate its status in the global market for aerospace components. The bank is committed to offering tailored financial strategies that can help NLA deliver exceptional value to its clients in the aviation sector, a field where quality and reliability are of utmost importance.

About Next Level Aviation®

Founded in 2013 by industry veterans Jack Gordon, Mike Dreyer, and Matt Dreyer, Next Level Aviation has quickly become a key player in the aerospace sector. The company focuses on supplying USM for Boeing and Airbus aircraft, particularly emphasizing models like the Boeing 737 and Airbus A320, which together dominate approximately 70% of the global commercial aviation fleet.

As an ASA-100 accredited supplier, NLA adheres to strict guidelines and standards, ensuring that the materials they provide meet the highest quality benchmarks set by regulatory bodies like the FAA. This commitment to quality not only benefits their clients but also addresses the growing demand for sustainable and cost-effective aircraft components in the aviation industry.

Conclusion

In conclusion, the grant of a $50 million credit facility from PNC Bank to Next Level Aviation signifies a pivotal moment in the company’s journey towards expansion and enhanced operational capacity. As NLA gears up for future challenges and opportunities in the aerospace domain, the ongoing development of their financial infrastructure will undoubtedly play a central role in shaping their success and sustainability in the global market.

For further information, visit Next Level Aviation or contact their press representative Morgan Eddy at +1-561-699-3870 or via email at [email protected].