Private Credit Wants to Shake Up Aircraft Finance (Correct)

When traditional financing for airlines dried up last year, nimble private lenders came to the rescue and made decisive inroads in a lucrative corner of asset-based lending long dominated by banks.

Just weeks into the new year, alternative credit providers are showing no signs of slowing down.

Earlier this month, United Airlines Holdings Inc. tapped private lender Castlelake LP for fresh cash to fund its growth strategy, with a loan backed by four Boeing 787-9 aircraft. It follows a key deal last year from Marathon Asset Management, debuting a privately placed aircraft securitization to a targeted group of buyers. Whether ...