ORIX Aviation agrees to buy AerFin
The approximately £475 million (about $640.3 million) deal would add aircraft and engine aftermarket services to ORIX Aviation’s leasing business and end CataCap’s majority ownership of AerFin.
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The approximately £475 million (about $640.3 million) deal would add aircraft and engine aftermarket services to ORIX Aviation’s leasing business and end CataCap’s majority ownership of AerFin.
ORIX Aviation has agreed to acquire AerFin, a Newport-based supplier of aircraft engines, parts and maintenance services, in a deal worth approximately £475 million (about $640.3 million), BBC Business said. Danish private equity investor CataCap, AerFin’s majority shareholder, would exit under the sale.
ORIX Aviation is the aircraft leasing arm of Japan’s ORIX Group. The acquisition would expand its aircraft ownership and leasing business into services for aircraft and engines already in use, as well as the management of aircraft at the end of their working lives.
AerFin extends the life of aircraft and engines through trading, leasing, repair and reuse. It helps airlines and other aviation companies find parts and manage their assets. The company employs more than 230 people and operates from sites in the UK and internationally.
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