Next Level Aviation® Secures Major Credit Facility to Support Growth and Expansion

Next Level Aviation® Secures $50 Million Credit Facility with 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 lately secured a substantial $50 million revolving credit facility with PNC Bank. This development signifies a pivotal moment in the company’s growth trajectory, enabling NLA to bolster its existing inventory and diversify its product and service offerings.

The credit facility was officially announced on December 10, 2024, marking a significant step towards strengthening NLA’s financial framework which is essential for its future growth phases. The CEO of Next Level Aviation®, Jack Gordon, expressed his gratitude towards PNC Bank, recognizing their professionalism and collaborative spirit throughout the negotiation process. "This new working capital credit facility is the first step in laying the financial foundation for Next Level Aviation's upcoming growth phase," Gordon stated, highlighting the importance of this arrangement.

The substantial infusion of capital will empower NLA to not only enhance its inventory of serviceable materials but also catalyze its expansion into various complementary business areas. This allows the company to better serve its clients in the highly competitive aerospace sector.

NLA's Chief Financial Officer, Ray Fernandez-Andes, echoed the excitement about the establishment of a partnership with PNC Bank, describing it as a valuable relationship that will foster continued growth in the years to come. The financial support provided by PNC is designed to align with NLA’s operational strategies and business aspirations.

Peter Mardaga, the Head of PNC Business Credit, also commented on the collaboration, stating that the partnership is aimed at supporting NLA’s business goals and facilitating its growth journey. He emphasized that PNC Bank looks forward to delivering financial products and strategies that enhance value for NLA's diverse customer base.

About Next Level Aviation®

Next Level Aviation® is recognized globally as an ASA-100 accredited and FAA Advisory Circular 00-56B compliant supplier, specializing in the stocking of USM for various commercial aircraft, particularly focusing on Boeing 737 and Airbus A320 platform parts, which comprise around 70% of the worldwide commercial fleet. The company was established in March 2013 by industry veterans Jack Gordon, Mike Dreyer, and Matt Dreyer and has since emerged as a top global supplier of aircraft parts.

For those interested in further details about NLA’s offerings or imagery, they can be directed to Next Level Aviation’s website.

About PNC Bank

PNC Bank, a part of The PNC Financial Services Group, Inc. (NYSE: PNC), stands out as one of the largest diversified financial services institutions in the United States. PNC provides robust retail and business banking services, along with a comprehensive range of lending products and specialized services aimed at corporations and government entities. For more information about PNC Bank, visit their official website at PNC’s website.

This collaboration not only marks a notable milestone for NLA but also underscores the synergy between leading financial services and aerospace sectors, paving the way for innovative growth strategies in the near future.