Next Level Aviation Secures $50 Million Credit Facility to Enhance Operations

Next Level Aviation Secures $50 Million Credit Line

Next Level Aviation® (NLA) has recently been granted a substantial credit facility of $50 million from PNC Bank, a move that promises to bolster the company's operations in the distribution of used serviceable materials (USM) for Boeing and Airbus commercial aircraft. This new line of credit is a crucial step towards NLA's ambitious growth plans, aiming to enhance their service offerings and inventory.

Headquartered in Dania Beach, Florida, Next Level Aviation is at the forefront of the USM industry, specializing in parts associated with some of the most widely used aircraft families globally. Their focus remains primarily on the Boeing 737 and Airbus A320 models, which account for a hefty portion of the global commercial aviation fleet, representing around 70% of it. With the backing of this newly acquired credit, NLA aims to not only expand its existing inventory but also diversify its portfolio into complementary business lines that enhance its market position.

Jack Gordon, the President and CEO of Next Level Aviation, expressed enthusiasm regarding this partnership with PNC Bank, remarking, "We are very pleased to work with PNC Bank, a leading diversified financial services institution in the United States, on securing this new revolving credit line. It marks the foundational step towards the future growth of Next Level Aviation. We appreciate the professionalism and diligence of PNC Business Credit in facilitating this process efficiently." This sentiment highlights the importance of strong financial partnerships in the aviation industry's competitive landscape.

NLA's Chief Financial Officer, Ray Fernández-Andes, echoed this excitement, stating, "We are thrilled about our new business relationship with PNC Bank and look forward to leveraging this opportunity to grow our business for many years to come, supported by such a prominent financial institution." The strategic alliance with a reliable lender like PNC paves the way for NLA to realize its growth objectives, setting the stage for stability and innovation in its operations.

PNC Bank's Peter Mardaga added, "The new affiliation with Next Level Aviation will support the company’s business goals and growth needs. We are eager to provide this well-known aerospace parts supplier with financial products and strategies that can help deliver differentiated value to its customers." This statement signifies the deep understanding that financial providers have concerning the unique needs of companies within the aviation sector, emphasizing their role in strengthening industry players.

As an accredited supplier under the ASA-100 standard, Next Level Aviation adheres to the FAA's Circular Advisory 00-56B, ensuring that it meets all industry regulations and quality standards while providing USM. Founded in March 2013 by aviation professionals Jack Gordon, Mike Dreyer, and Matt Dreyer, NLA has rapidly established itself as a key player in the global market for used maintenance materials. With PNC’s financial backing, NLA is positioned not only to maintain its market leadership but also to explore new avenues of growth and expand its competitive edge in the evolving landscape of aerospace supply chain management.

For more information on Next Level Aviation and its services, visit www.nextlevelaviation.net.