ORIX has entered into a share transfer agreement to acquire all shares in AerFin, a UK-based aircraft parts-out company, through its consolidated subsidiary ORIX Aviation Systems.
Through the acquisition, ORIX will enter the aftermarket business, which focuses on the reuse of aircraft components and engines. Subject to the necessary regulatory approvals and other procedures, ORIX plans to complete the share acquisition within the year.
Founded in 2010, AerFin is a UK-based aircraft parts-out company that buys, sells, leases, and repairs aircraft, components, and engines that have been in service for a certain period. It resupplies serviceable parts to the aviation industry supply chain while helping airlines, aircraft leasing companies, and maintenance providers maximize the value of their aircraft and aviation parts throughout the entire asset lifecycle. With a customer base of more than 600 companies worldwide, its strengths include an integrated operating structure covering aircraft acquisition, teardown, inspection, inventory management, repair, and parts supply, as well as a global network.
ORIX entered the aircraft leasing business in 1978 and currently owns and manages approximately 230 aircraft. In 1991, it established ORIX Aviation, which provides comprehensive asset management services—from aircraft acquisition to operations and maintenance monitoring, re-leasing, and sale—for domestic and international investors and funds, in addition to its own aircraft. In 2018, ORIX acquired a 30% stake in Irish aircraft leasing company Avolon Holdings, expanding its business into the leasing of newly manufactured aircraft.
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