What Happened
Japanese Financial Group Enters Aviation Aftermarket Business
ORIX Aviation Systems Limited has completed the acquisition of AerFin Limited, a UK-based aviation aftermarket specialist. The acquisition brings together a global aircraft leasing and asset management platform with a fast-growing specialist in aircraft, engine, and component trading, repair, and recycling. AerFin’s business model focuses on extending the useful life of aircraft assets, recovering value from retired equipment, and supplying airlines, lessors, and Maintenance, Repair and Overhaul (MRO) providers with lower-cost alternatives to new components. The acquisition was first reported by AeroMorning.