MRO & Manufacturing
AerFin and Turning Rock Partners Form Strategic Airbus A320neo Alliance
AerFin teams with Turning Rock Partners in a financing deal to acquire Airbus A320neo airframes, enhancing aftermarket used parts supply.
In a significant move for the aviation aftermarket sector, global aircraft and engine parts specialist AerFin has announced a new asset-backed financing partnership with Turning Rock Partners (TRP), a New York-based private investment firm. The collaboration centers on the acquisition and management of three Airbus A320neo airframes, signaling a strong strategic focus on new-generation, high-demand aviation assets. This alliance underscores a growing trend where specialized financial firms are deploying capital into asset-heavy industries, recognizing the potential for strong returns in niche markets.
The partnership is more than a simple financial transaction, it represents a convergence of expertise. Turning Rock Partners brings sophisticated financing and structuring capabilities, while AerFin contributes its deep technical knowledge and proven track record in the aviation aftermarket. By focusing on the A320neo, one of the most successful aircraft platforms in modern aviation, the two firms are positioning themselves to capitalize on the robust and expanding market for Used Serviceable Material (USM). As Airlines worldwide continue to seek cost-effective and sustainable maintenance solutions, the demand for reliable, certified used parts from newer aircraft is at an all-time high.
This collaboration serves as a powerful vote of confidence from the investment community in AerFin’s business model and its ability to extract maximum value from aviation assets. The structured nature of the deal, which involves a revenue pooling arrangement, allows both partners to share in the success of the asset monetization process. For the broader aviation industry, it highlights an innovative and flexible approach to financing and managing the lifecycle of modern aircraft, ensuring that valuable components are efficiently returned to service.
The core of the partnership is an asset-backed financing deal meticulously structured to leverage the strengths of both organizations. Turning Rock Partners provides the capital for the acquisition of the three Airbus A320neo airframes, while AerFin takes on the operational management. This includes overseeing the entire end-of-life process for the aircraft, from teardown and maintenance to the global distribution of harvested parts. The arrangement is designed to ensure a steady and efficient pipeline of high-quality USM for airlines, lessors, and Maintenance, Repair, and Overhaul (MRO) facilities.
Under the terms of the agreement, the assets are integrated into a structured revenue pooling system. This model ensures that AerFin’s expertise in part-out value and material utilization directly translates into returns for the partnership. AerFin’s global logistics network, with hubs in key aviation centers like Miami, London, and Singapore, is critical to this process. The company’s established relationships with major airlines and MROs guarantee that the harvested material is put to use effectively, supporting a more circular and sustainable aviation economy.
The transaction was supported by a team of industry-leading advisors, reflecting its complexity and significance. ORIX Aviation served as the transaction advisor and provided technical inspection services to Turning Rock. Legal counsel was provided by Holland & Knight, with Deloitte acting as the accounting and tax advisor. This robust support structure ensures that the partnership is built on a solid foundation of technical, legal, and financial diligence, setting a high standard for future collaborations in the sector.
“We’re excited to partner with AerFin on this transaction, which demonstrates Turning Rock’s ability to originate and structure differentiated Investments backed by tangible assets. This investment underscores TRP’s continued focus on sourcing opportunities in asset-heavy sectors where capital inefficiencies and market dislocation create compelling entry points.” – Sha Khoja, Head of Credit at Turning Rock Partners.
The choice of the Airbus A320neo as the focal point of this partnership is a highly strategic one. The A320neo family is one of the best-selling aircraft in history, with thousands of units in service globally. This widespread adoption has created a massive, built-in demand for aftermarket parts and services. As the first wave of these new-generation aircraft begins to mature, a reliable source of USM becomes essential for operators looking to manage maintenance costs without compromising on quality or safety.
This partnership allows AerFin to further solidify its leadership position in the A320neo aftermarket. By acquiring these airframes, the company expands its inventory of high-demand components, from engines and landing gear to avionics and structural parts. The ability to provide these materials offers a significant competitive advantage, as airlines increasingly favor suppliers who can offer comprehensive and cost-effective solutions. This deal is part of a larger strategic push by AerFin, following similar acquisitions aimed at cornering the market for new-generation aircraft parts. For Turning Rock Partners, the investment is a calculated move into a sector with strong fundamentals. The firm has a history of successful investments in the aviation space, including its prior involvement with Next Level Aviation, another global supplier of USM. This experience provides TRP with a deep understanding of the market’s complexities and opportunities. By backing a proven operator like AerFin, TRP is tapping into a resilient and growing segment of the aviation industry, driven by the non-negotiable need for maintenance and parts.
“This Partnerships reflects the confidence investors have in AerFin’s ability to maximise value from next-generation assets like the A320neo. Our technical expertise and proven track record in strategic asset monetisation enable us to deliver efficient, sustainable solutions that unlock value and create long-term benefits for our partners.” – Simon Goodson, CEO of AerFin.
The collaboration between AerFin and Turning Rock Partners is a clear indicator of the evolution occurring in aviation asset management. It demonstrates a sophisticated model where financial innovation meets deep operational expertise to unlock the intrinsic value of modern aircraft. This partnership is not just about financing three airframes, it’s about creating a scalable and efficient platform to serve the burgeoning aftermarket for new-generation aircraft like the A320neo.
Looking ahead, this type of strategic alliance is likely to become more common. As the global fleet of modern aircraft continues to grow and age, the demand for sustainable and cost-effective end-of-life solutions will intensify. Partnerships that combine private capital with specialized technical management are perfectly positioned to meet this demand. The success of this venture will likely pave the way for further investment in the aviation aftermarket, fostering a more resilient, efficient, and circular supply chain for the entire industry.
Question: What is the core of the partnership between AerFin and Turning Rock Partners? Question: Why is the Airbus A320neo aircraft significant in this deal? Question: What is USM?
AerFin and Turning Rock Partners Forge Strategic Aviation Investment Partnership
A Closer Look at the Strategic Alliance
Capitalizing on the A320neo Aftermarket
Concluding Section: A Model for Future Aviation Investment
FAQ
Answer: The partnership is an asset-backed financing agreement for the acquisition of three Airbus A320neo airframes. Turning Rock Partners provides the financing, while AerFin manages the aircraft teardown, maintenance, and parts distribution.
Answer: The A320neo is a highly popular new-generation aircraft. Its widespread use has created a strong and growing demand for its parts in the aftermarket, making it a valuable asset for sourcing Used Serviceable Material (USM).
Answer: USM stands for Used Serviceable Material. These are components harvested from dismantled aircraft that are inspected, repaired if necessary, and certified as safe to be used again. USM offers a cost-effective and sustainable alternative to new parts for airlines and MROs.
Sources
Photo Credit: AerFin
MRO & Manufacturing
Bombardier Acquires Velocity Maintenance Solutions to Expand US Service Network
Bombardier acquires Velocity Maintenance Solutions, adding a Delaware facility and mobile repair units to enhance its U.S. aftermarket services.
On February 9, 2026, Bombardier announced the acquisition of Velocity Maintenance Solutions, a specialized provider of maintenance, repair, and overhaul (MRO) services based in Wilmington, Delaware. The transaction, executed through Bombardier’s U.S. subsidiary Learjet Inc., represents a strategic expansion of the manufacturer’s aftermarket footprint in the high-traffic Northeast corridor.
The acquisition provides Bombardier with immediate access to a 35,000-square-foot facility at New Castle Airport (ILG) and a fleet of mobile repair units designed for rapid response. While financial terms of the deal remain confidential, the move aligns with the company’s stated objective to grow its services revenue and secure a stronger domestic presence in the United States.
According to the company’s official statement, the acquisition is designed to bolster support for Bombardier’s growing fleet of business jets, including the ultra-long-range Global 8000. By integrating Velocity Maintenance Solutions, Bombardier aims to capture more of the lifecycle maintenance market, a sector that offers stable margins compared to the cyclical nature of aircraft sales.
The deal includes significant physical and operational assets that will be integrated into Bombardier’s service network:
Paul Sislian, Executive Vice President of Bombardier Aftermarket Services, highlighted the cultural fit between the two organizations in the press release.
“Velocity Maintenance Solutions’ capabilities and customer-focused culture make it an excellent fit for Bombardier… This acquisition is part of our commitment to continually elevate our service standards.”
Velocity Maintenance Solutions has established itself as an agile player in the MRO space since its emergence around 2021. As an FAA Part 145 Repair Station, the company is authorized to perform scheduled maintenance, structural repairs, and avionics upgrades.
Prior to the acquisition, Velocity serviced a diverse range of aircraft, including models from Embraer, Dassault Falcon, Gulfstream, and Textron, in addition to Bombardier jets. The facility is known for its 24/7 emergency support capabilities, a critical service for business jet operators requiring immediate dispatch reliability.
This acquisition arrives during a complex period for the aerospace industry, characterized by both consolidation and geopolitical friction. By executing the purchase through Learjet Inc., a heritage U.S. brand based in Wichita, Kansas, Bombardier reinforces its status as a significant U.S. employer. This distinction is increasingly vital as the company navigates trade tensions, including recent tariff threats from the U.S. administration regarding Canadian aerospace products.
Expanding physical infrastructure within the United States serves a dual purpose: it insulates the company’s service supply chain from potential cross-border friction and strengthens its eligibility for U.S. defense contracts. Furthermore, in an industry facing a chronic shortage of skilled labor, acquiring a “turnkey” operation with a certified workforce allows Bombardier to bypass the long lead times associated with recruiting and training new technicians. The location in Wilmington also places Bombardier in direct competition with other major service providers at New Castle Airport, including a Dassault Falcon service center, signaling an aggressive push to dominate the Northeast service market.
The acquisition was made by Learjet Inc., a U.S. subsidiary of Bombardier.
The existing team of technicians and support staff at Velocity Maintenance Solutions will be retained and integrated into Bombardier’s workforce.
While the press release emphasizes support for Bombardier’s fleet, Velocity has historically serviced various manufacturers. OEMs often honor existing third-party contracts during transition periods, though the long-term focus typically shifts to the parent company’s products.
Bombardier Acquires Velocity Maintenance Solutions to Densify U.S. Service Network
Expanding the Aftermarket Ecosystem
Target Profile: Velocity Maintenance Solutions
AirPro News Analysis: Strategic and Political Context
Frequently Asked Questions
Who is the acquiring entity?
What happens to the current workforce?
Will Velocity continue to service non-Bombardier aircraft?
Sources
Photo Credit: Velocity Maintenance Solutions
MRO & Manufacturing
Satair and Joramco Extend 25-Year Partnership at MRO Middle East 2026
Satair and Joramco renew their 25-year supply agreement at MRO Middle East 2026, supporting Joramco’s maintenance operations and new contracts.
This article is based on an official press release from Satair and additional industry reporting regarding MRO Middle East 2026.
At the MRO Middle East 2026 exhibition in Dubai, Satair, an Airbus Services company, and Joramco (Jordan Aircraft Maintenance Limited) officially announced the renewal of their long-standing Consumables and Expendables Supply Agreement. The deal marks the continuation of a strategic partnership that has spanned more than a quarter of a century, reinforcing the critical role of integrated supply chains in the growing Middle Eastern aviation maintenance sector.
According to the announcement, the renewed agreement is designed to secure a consistent flow of essential spare parts for Joramco’s base maintenance operations in Amman, Jordan. By locking in this supply chain solution, Joramco aims to minimize “Aircraft on Ground” (AOG) risks and reduce the complexity of material management for its expanding customer base.
The partnership between Satair and Joramco is one of the most enduring in the region. For over 25 years, Satair has served as a primary provider of consumables and expendables, high-volume, low-cost parts essential for routine maintenance, to the Jordan-based MRO provider.
In the official release, the companies highlighted the operational benefits of the extension. The agreement allows Joramco to leverage Satair’s global distribution network, ensuring that parts are available precisely when needed. This “just-in-time” capability is vital for MROs (Maintenance, Repair, and Overhaul providers) striving to offer competitive turnaround times to airlines.
A primary focus of the renewal is the mitigation of supply chain disruptions. By outsourcing the management of consumables to Satair, Joramco can focus its internal resources on heavy maintenance and engineering tasks rather than logistics. The agreement reportedly covers a comprehensive range of Airbus and Boeing fleet requirements, aligning with Joramco’s diverse capabilities.
“This continued partnership with Satair ensures we have the right parts at the right time, allowing us to deliver superior turnaround times to our global customers.”
, Statement attributed to Joramco leadership regarding the renewal
The renewal comes amidst a flurry of activity at MRO Middle East 2026, where both companies have announced significant independent expansions. The event, held on February 4–5, 2026, has served as a platform for major industry shifts in the region. According to industry reporting from the event, Joramco has also secured a major five-year heavy maintenance agreement with the German leisure carrier Condor. This deal will see Joramco performing base maintenance on Condor’s entire Airbus fleet, including the A320ceo, A320neo, and A330neo. Additionally, Joramco celebrated the first graduates of its Structured On-the-Job Training (SOJT) program, a move aimed at addressing the global shortage of skilled aviation technicians.
Simultaneously, Satair has expanded its footprint in the sustainability sector. Reports from the event indicate Satair signed a Memorandum of Understanding (MoU) with GAMECO (Guangzhou Aircraft Maintenance Engineering Co.) to enter the Used Serviceable Material (USM) market, addressing the rising demand for cost-effective and sustainable parts solutions.
The renewal of the Satair-Joramco agreement highlights a critical trend in the post-2025 aviation landscape: the prioritization of supply chain resilience. In an era where global parts shortages have frequently grounded fleets, MRO providers are increasingly moving toward long-term, integrated agreements with major distributors rather than relying on spot-market purchasing.
Furthermore, the Middle East’s trajectory as a global MRO hub is evident in these announcements. Joramco’s ability to secure European contracts like the Condor deal, backed by a robust supply chain from Satair, suggests that regional players are successfully competing on a global scale by combining geographic advantages with high-grade logistical reliability.
Satair and Joramco Extend 25-Year Supply Chain Partnership at MRO Middle East 2026
Strengthening a Quarter-Century Alliance
Operational Efficiency and AOG Reduction
Broader Context: MRO Middle East 2026 Developments
AirPro News Analysis
Frequently Asked Questions
Sources
Photo Credit: Satair
MRO & Manufacturing
Joramco Renews Maintenance Agreement with mas Cargo Airline for 2026
Joramco extends its maintenance contract with Mexican cargo airline mas for heavy checks on Airbus A330 freighters throughout 2026 at its Amman facility.
This article is based on an official press release from Joramco.
Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has officially announced the renewal of its maintenance agreement with mas (formerly MasAir), a prominent Mexican cargo airline. The agreement was finalized and signed during the MRO Middle East 2026 exhibition in Dubai, marking a continuation of the strategic partnership between the two entities.
Under the terms of the renewed contract, Joramco will perform heavy base maintenance checks on the mas fleet of Airbus A330 freighters. The work is scheduled to take place throughout 2026 at Joramco’s facility at Queen Alia International Airport in Amman, Jordan. This announcement underscores the MRO provider’s increasing traction in the global cargo sector and its ability to secure recurring business from international carriers outside its traditional regional stronghold.
According to the company’s announcement, the new deal focuses specifically on heavy base maintenance, often referred to as C-checks, for the carrier’s Airbus A330 fleet. These checks are critical for ensuring the continued airworthiness and operational reliability of the freighter aircraft, which are essential to mas’s global logistics network.
This renewal follows a successful initial collaboration established relatively recently. Joramco and mas first formalized their partnerships in October 2025 at the MRO Europe exhibition in London. That initial agreement covered maintenance checks that began in December 2025. The rapid renewal, signed just four months later, suggests a successful execution of the initial checks and a deepening of the business relationship.
In a statement regarding the renewal, Joramco’s leadership highlighted the significance of the repeat business.
“We are pleased to welcome more aircraft from mas at Joramco. This agreement reaffirms Joramco’s position as a trusted Global MRO provider of choice.”
, Adam Voss, CEO of Joramco
The agreement with mas aligns with Joramco’s broader strategy to expand its global footprint. By securing a renewal with a Latin American carrier, the Jordan-based MRO is demonstrating its competitiveness on a global scale, attracting airframes from the Americas to the Middle-East for heavy maintenance. The timing of this renewal is notable within the wider context of the MRO industry’s capacity constraints. In late 2025, Joramco inaugurated “Hangar 7,” a significant infrastructure expansion that reportedly increased its capacity to 22 parallel maintenance lines. This expansion appears to be paying dividends, allowing the facility to accommodate the “more aircraft” referenced by CEO Adam Voss.
Furthermore, the cargo market remains a demanding sector requiring high asset utilization. For a specialized Cargo-Aircraft airline like mas, which operates a modernizing fleet of Airbus A330 Passenger-to-Freighter (P2F) aircraft, securing reliable MRO slots is a strategic priority. The quick transition from an initial contract in late 2025 to a full-year renewal for 2026 indicates that Joramco has successfully met the technical and turnaround time requirements demanded by the cargo carrier.
Joramco: A subsidiary of Dubai Aerospace Enterprise (DAE), Joramco has operated for over 60 years. Based in Amman, Jordan, it provides airframe maintenance, repair, and overhaul services for Airbus, Boeing, and Embraer aircraft.
mas: Headquartered in Mexico City, mas (formerly MasAir) is a specialized cargo airline operating scheduled and charter freight services across the Americas, Europe, and Asia. The airline has been actively expanding its capacity with Airbus A330 freighters to support its international network.
Sources:
Joramco Extends Maintenance Partnership with mas Cargo Airline for 2026
Scope of the Renewed Agreement
Strategic Context and Capacity Expansion
AirPro News Analysis
About the Companies
Photo Credit: Joramco
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