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Inside MRO News Briefs And Contracts, September 2026
HIGHLIGHTS
ORIX To Acquire AerFin
Japanese-owned and Dublin, Ireland-based aircraft lessor and asset manager ORIX Aviation is buying Wales-based aftermarket specialist AerFin to expand into engine, component and end-of-life aircraft services. The tie-up will combine ORIX Aviation’s aircraft leasing, investment and asset management services with AerFin’s aircraft, engine and component trading and technical services businesses.
The acquisition is expected to close by year-end, subject to regulatory approvals. Neither party disclosed financial terms of the deal, but reports from Japan have suggested an enterprise value of around ¥100 billion ($630 million) for AerFin. ORIX Aviation is buying the business from Danish private equity firm CataCap, which has been the majority shareholder since 2019.
Once completed, the acquisition will broaden ORIX Aviation’s presence across several aftermarket functions, including aircraft and engine leasing, inventory management, component sales, repair management, engine maintenance and aircraft part-out activities.
Gol Gets Engine Backing
Brazilian carrier Gol has tapped government financing guarantees to fund engine shop visits—a move that its parent group, Abra, indicated was likely when discussing rising engine expenditure this year.
The airline has agreed to a $160 million facility backstopped by the Brazilian Agency for Management of Guarantee Funds and Guarantees (ABGF), which supports financing associated with Brazilian exports and services.
The ABGF participated because the work will be performed at GE Celma in Rio de Janeiro. The MRO is raising its shop visit capacity to 1,000 engines per year from 600 at its Tres Rios facility, which specializes in CFM International Leap-1A and -1B engines.
Gol operates both CFM56 and Leap-1B engines across its Boeing 737 fleet. The airline did not disclose which engines are covered by the new financing. The airline noted only that the facility would “improve its liquidity, enhance financial flexibility and support the continued reliability and efficiency of its fleet.”
GetJet Plans $29 Million Vilnius MRO Facility
GetJet Group intends to invest approximately €25 million ($29 million) in a new narrowbody aircraft maintenance facility at Vilnius International Airport as the Lithuanian company looks to expand its in-house MRO capacity and reduce its reliance on third-party providers.
The parent of aircraft, crew, maintenance and insurance carrier GetJet Airlines announced that its Airhub Aviation subsidiary has secured the lease on a 121,000-ft.² site at the airport in Lithuania’s capital for 40 years following a land auction process.
More than 100 jobs are expected to be created once the new hangar becomes operational in 2029.
The site is located next to a separate 50,600-ft.² plot already secured by GetJet under a long-term lease. The group plans to invest around €10 million by 2029 in an additional MRO hangar at the location at Vilnius International Airport.
CONTRACTS
AerFin secured a multiplatform component agreement with Lufthansa Technik covering access to serviceable material for Airbus A320ceos, A320neos, A330s, Boeing 737NGs, 737 MAXs and 777s.
Bird Aviation has signed a long-term base maintenance agreement with EasyJet to perform A320-family aircraft heavy checks, covering two maintenance lines over an initial seven-year period, with an option for a further three years.
Boeing expanded its 787 Landing Gear Exchange Program with Ethiopian Airlines to include 10 787-9s in addition to 19 -8s.
Dviation Technics was selected by Riyadh Air to provide 787-9 line maintenance in Kuala Lumpur.
SR Technics won a two-year Oman Air contract to perform CFM International CFM56, Leap and GE Aerospace GEnx maintenance services in Zurich.
StandardAero was selected by Arajet to provide Leap-1B maintenance in San Antonio, including performance restoration shop visits, quick-turn shop visits, component repairs, short-term engine leases and engine health-monitoring data analysis services.
TP Aerospace was selected by Ascend Airways Malaysia for 737 wheels and brakes support.
Willis Lease Finance Corp. was selected by Pratt & Whitney to provide engine storage and lease-return services from Coconut Creek, Florida, and Bridgend, Wales, covering PW1100G-JMs, PW1500Gs, PW1900Gs, PW4000s and IAE V2500s.
Source: SpeedNews
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