Aviation lending company Merit AirFinance has confirmed it has closed or committed to around $1.3bn (roughly £970m) of financing across 11 transactions since the company’s launch in August 2025.
Of the 11 transactions, six are with leasing companies and five with airlines. Merit recently closed a second transaction with one of the world’s largest aviation leasing companies, representing Merit’s largest transaction to date, with over $350m of total notional value.
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To support continued growth, Merit has expanded its team including the appointment of Brian Devenney as head of origination. Devenney was previously senior vice president at Perseus Aviation and Merx Aviation. The company said it expects to add further resources as the platform continues to scale.
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“Since launching Merit AirFinance, our focus has been on executing efficiently while structuring customized solutions that meet the specific needs of airlines and leasing companies,” said Patrick Mahoney, president of Merit.
“Merit’s success is linked to the success of our counterparties. As our momentum builds, we’re focused on understanding our counterparties’ goals and appreciating their pain points, so that we can build long-lasting, mutually beneficial relationships.”
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