MRO & Manufacturing
Next Level Aviation Expands $80M Credit Facility with PNC Bank
Next Level Aviation increases its credit facility to $80 million with PNC Bank to support global inventory growth and aviation supply chain needs.
This article is based on an official press release from Next Level Aviation.
Next Level Aviation® (NLA), a global distributor of used serviceable materials (USM) for commercial aircraft, has announced a significant expansion of its financial resources. According to an official press release issued on December 2, 2025, the company has successfully increased its credit facility with PNC Bank to a total of $80 million. This strategic financial move is intended to support the company’s inventory expansion and global growth initiatives.
The increased facility represents a substantial vote of confidence from lenders in the USM market, which has seen heightened activity due to ongoing supply chain constraints in the broader aviation sector. The new agreement specifically allocates funds to both the company’s United States operations and its Irish subsidiary, positioning NLA to better serve the global leasing and MRO markets.
The press release details that the $80 million facility is structured to support NLA’s dual-hub strategy. The financing is provided by PNC Business Credit, a division of PNC Bank known for asset-based lending solutions. The breakdown of the credit facility is as follows:
This expansion marks a 60% increase in the company’s access to asset-based credit in less than a year of working with PNC Bank. By leveraging an asset-based lending (ABL) structure, NLA is utilizing its inventory, comprising engines, landing gear, and avionics, to secure the capital necessary for bulk acquisitions.
Company leadership emphasized the importance of this partnership for their long-term growth strategy. Jack Gordon, Chairman and CEO of Next Level Aviation, highlighted the rapid progression of the relationship with PNC.
“We are very appreciative that PNC Bank… has the confidence in Next Level Aviation’s global business model, management team and financial performance to increase our total access to asset-based credit by 60% in less than one year of working together.”
Jack Gordon, Chairman & CEO, Next Level Aviation (via PR Newswire)
Ray Fernandez-Andes, the company’s Chief Financial Officer, noted the lender’s understanding of the global aviation landscape.
“The PNC Business Credit team has taken the time to understand all of this [global nature of NLA’s business], and crafted banking solutions that set Next Level Aviation® up for continued success.”
Ray Fernandez-Andes, CFO, Next Level Aviation (via PR Newswire)
While the press release focuses on the financial transaction, the move occurs against the backdrop of a booming market for Used Serviceable Materials (USM). Industry data indicates that supply chain delays for new aircraft (such as the Boeing 737 MAX) are forcing airlines to extend the operational lives of their existing fleets. This extension drives demand for maintenance, repair, and overhaul (MRO) services and the specific parts NLA distributes.
NLA specializes in “nose-to-tail” support for the Boeing 737 and Airbus A320 families, which constitute approximately 70% of the global commercial fleet. By securing additional capital, the company is positioning itself to acquire bulk inventory to meet this rising demand.
We view the specific allocation of $5 million to the Dublin-based subsidiary as a strategic maneuver to strengthen ties with the global aircraft leasing community. Ireland is the headquarters for many of the world’s top aircraft lessors. Maintaining a funded, local presence allows NLA to transact more efficiently with these entities, particularly when acquiring assets from retired aircraft portfolios.
Furthermore, the shift toward asset-based lending suggests that NLA holds significant physical inventory value. In a “seller’s market” where USM parts can be 30-50% cheaper than new OEM parts, and often more readily available, liquidity is essential. Distributors must have cash on hand to purchase dismantled assets immediately when they become available. This credit increase provides NLA with the agility required to compete for high-value assets in a constrained supply chain environment.
Sources: PR Newswire (Next Level Aviation), 
Next Level Aviation Expands Credit Facility to $80 Million to Fuel Global Inventory Growth
Deal Structure and Financial Details
Leadership Commentary
Market Context: The Demand for Used Serviceable Materials
AirPro News Analysis
Sources
