Orix Aviation has agreed to acquire UK-based aviation aftermarket specialist AerFin, marking a significant expansion of its presence across aircraft lifecycle services. The transaction will combine Orix Aviation's leasing and asset management business with AerFin's aircraft, engine and component trading and technical services operations.
Announced on 3 August, the acquisition is expected to close by the end of 2026, subject to regulatory approvals. Financial terms were not disclosed, although reports from Japan have suggested an enterprise value of around ¥100 billion (approximately $638 million) for AerFin.
According to the announcement, Orix Aviation is acquiring AerFin from Danish private equity firm CataCap, which has been the company's majority shareholder since 2019.
The acquisition represents a strategic move by the Dublin-headquartered lessor to expand beyond its traditional aircraft leasing and investment activities.
Once completed, the combined business will operate across a wider range of aviation aftermarket services, including:
The transaction brings together Orix Aviation's aircraft asset management expertise with AerFin's established technical capabilities and global aftermarket network.
James Meyler, Chief Executive Officer of Orix Aviation, described the acquisition as an important milestone in the company's growth strategy.
He said AerFin has established a leading aviation aftermarket platform supported by experienced management, technical expertise and a global customer base.
The acquisition reflects Orix Aviation's broader strategy of expanding its services across the aircraft lifecycle rather than focusing solely on leasing and investment activities.
Founded in 2010 by Bob James, AerFin provides aircraft, engine and component acquisition, leasing, sales and repair services.
The company supports airlines, aircraft lessors and maintenance, repair and overhaul providers through material supply, inventory management and engine maintenance support.
AerFin's business includes:
The company relocated to its new headquarters in Wales during early 2025.
Simon Goodson, Chief Executive Officer of AerFin, said joining Orix Aviation would provide the financial resources and international platform needed to accelerate the company's future development.
He said support from both Orix Aviation and the wider Orix Group would strengthen AerFin's position within the aviation aftermarket sector.
Orix Aviation was established in Dublin in 1991 and operates as part of Orix Corp, the Japanese financial services group.
As of 31 March 2026, the company:
The business also holds a 30% stake in aircraft lessor Avolon and provides aircraft asset management services to Japanese investors, US investment funds, banks and other financial institutions.
The acquisition reflects a wider trend across the aviation industry, with aircraft lessors and financial investors increasing their exposure to aftermarket businesses.
Demand for used serviceable material, engine support and repair solutions has remained strong as airlines and maintenance providers continue to face maintenance capacity constraints and extended lead times for new aircraft components.
Expanding into aftermarket services enables leasing companies to participate in a broader range of aircraft lifecycle activities while responding to changing market requirements.
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