MRO & Manufacturing
Heatcon Asia Signs 25-Year Lease at Clark Aviation Complex
Boeing supplier Heatcon Asia inks a 25-year lease at Clark Civil Aviation Complex to open a composite repair facility by Q2 2027.

Clark International Airport Corporation (CIAC) and aerospace supplier Heatcon Asia, Inc. signed a 25-year lease agreement on June 9, 2026, to establish a composite repair and manufacturing facility in the Philippines. The deal brings a direct supplier for The Boeing Company to the Clark Civil Aviation Complex, advancing regional efforts to build a dedicated Maintenance, Repair, and Overhaul (MRO) hub.
According to a press release issued by CIAC, the new facility will handle manufacturing, material distribution, and in-shop composite repair. Heatcon targets the second quarter of 2027 to commence operations at the site, backed by an initial investment of $2.94 million over the first three years of the lease.
Expanding the Clark Aviation Capital footprint
The agreement aligns with the mandate of the Bases Conversion and Development Authority (BCDA) to drive high-value industrial growth within the 2,367-hectare Clark Aviation Capital property. CIAC is actively marketing the zone to global enterprises specializing in aviation logistics, commercial warehousing, and high-tech Manufacturing.
CIAC President and Chief Executive Officer Jojit Alcazar and Heatcon Asia President Howard Victor Banasky formalized the contract during a signing ceremony. Alcazar noted the Partnerships supports the growing demands of the global aerospace industry.
“Heatcon’s facilities support major aviation players in the region, including Boeing, and are expected to further strengthen Clark’s position as an attractive destination for aircraft Maintenance, Repair, and Overhaul (MRO) services,” Alcazar said.
Heatcon’s Asia-Pacific supply chain strategy
Established in 1978, Heatcon manufactures hot bonders, heat blankets, and composite repair process materials for both commercial and Military-Aircraft sectors. Company management indicated the Clark facility will serve as a strategic hub to support a growing customer base across the Asia-Pacific region.
The move follows broader efforts by Philippine authorities to attract aerospace investment. In early 2026, the BCDA signed a memorandum of understanding with industrial real estate developer Berthaphil Inc. at the World Economic Forum to accelerate aviation-related industrial development at Clark. CIAC also heavily promoted the region’s MRO potential during the Singapore Airshow in February 2026.
AirPro News analysis
Securing a direct Boeing supplier like Heatcon provides tangible momentum for CIAC’s ambitions to rival established Southeast Asian MRO hubs like Singapore and Malaysia. While the initial $2.94 million investment is relatively modest for aerospace manufacturing, the 25-year lease commitment signals long-term confidence in the Philippine aviation sector. We view this agreement as a critical anchor tenant victory for the Clark Aviation Capital project. Attracting specialized component repair and composite material distributors often creates a clustering effect, drawing secondary suppliers and airlines seeking localized supply chains to reduce turnaround times for heavy maintenance.
Sources: Clark International Airport Corporation, Punto! Central Luzon, The Manila Times, Philippine Information Agency, Homes.ph
Photo Credit: Clark International Airport Corporation
MRO & Manufacturing
Bain Capital to Take Majority Stake in FDH Aero
FDH Aero signs a definitive agreement for a majority investment from Bain Capital Private Equity, with Audax retaining a significant stake.

Aerospace and defense supply chain provider FDH Aero announced on June 8, 2026, a definitive agreement to receive a majority investment from Bain Capital Private Equity. The transaction, expected to close in the second half of 2026, will see current majority shareholder Audax Private Equity retain a significant stake in the Commerce, California-based distributor.
In a press release detailing the agreement, FDH Aero confirmed that Chief Executive Officer Ian Walsh and the existing management team will continue to lead the company. The partnership is designed to fund continued investment in the distributor’s global reach and service model through both organic growth initiatives and strategic acquisitions. Financial terms of the transaction were not disclosed.
Growth and acquisition strategy
Audax Private Equity made its initial investment in FDH Aero in 2017. Over the subsequent nine years, the distributor completed 12 acquisitions to expand its footprint and capabilities across the aerospace sector.
FDH Aero currently employs 1,500 people worldwide and operates in 15 countries, building on 60 years of experience in aerospace and defense logistics. David Wong, Partner at Audax Private Equity, stated that the company has established itself as an integral supply chain partner since their initial investment.
“We are proud of FDH’s leadership team and 1,500 employees worldwide for their stewardship and look forward to working with Bain Capital through this next chapter of FDH’s growth,” Wong said.
Leadership continuity and future operations
The retention of the current executive team signals a strategy of continuity for FDH Aero as it integrates Bain Capital Private Equity’s resources. Walsh noted that the partnership marks a planned milestone in the company’s growth plans and reflects the strength of its personnel and business model.
“With Bain Capital’s deep operational and strategic experience, together with the continued support of Audax, we are well-positioned to continue investing for future growth. Together, we remain focused on putting customers first and strengthening our position as a trusted global supply-chain solutions partner,” Walsh said.
The press release noted that Jefferies, RBC Capital Markets, BMO Capital Markets, and William Blair & Company, LLC are involved in the transaction. The deal remains subject to customary regulatory approvals.
AirPro News analysis
We view the Bain Capital Private Equity investment in FDH Aero as part of a broader, multi-year structural wave of private equity capital entering the aerospace supply chain. Investment firms are increasingly treating tier-2 and tier-3 component manufacturers, parts distributors, and MRO providers as highly resilient, cash-generative infrastructure assets. By retaining Audax Private Equity as a significant investor while bringing in Bain Capital Private Equity, FDH Aero secures the capital necessary to continue its aggressive acquisition strategy in a highly fragmented distribution market.
Sources: FDH Aero
Photo Credit: FDH Aero
MRO & Manufacturing
Fly Alliance Launches FAA Part 145 Repair Station Franchise
Fly Alliance introduced FAMP on June 9, 2026, a franchise model giving aviation technicians a path to FAA Part 145 ownership.

Fly Alliance announced the launch of Fly Alliance Maintenance Partners (FAMP) on June 9, 2026, creating the first franchise model designed specifically for aviation maintenance professionals seeking to own Federal Aviation Administration (FAA) Part 145 repair stations.
In a press release issued from its Orlando, Florida headquarters, the private aviation company detailed how the new division aims to lower the traditional barriers to entry for certified mechanics. The franchise structure provides access to Fly Alliance’s existing operational infrastructure, regulatory compliance frameworks, and global parts sourcing network.
Lowering Barriers to Part 145 Ownership
Operating an FAA Part 145 repair station typically requires significant capital investment and complex regulatory compliance. Eddie Trujillo, co-founder of FAMP, noted that these requirements have historically restricted ownership to larger organizations.
The FAMP model is designed to remove these obstacles. By leveraging a franchise system, qualified technicians can focus on delivering maintenance services while utilizing established corporate support systems.
“Our goal is to remove those barriers and provide qualified maintenance professionals with a proven framework for ownership,” Trujillo stated in the release. “We want talented technicians to focus on delivering exceptional maintenance services while benefiting from the systems, support, and resources we’ve already built.”
Leadership and Franchise Experience
The initiative pairs Fly Alliance’s aviation background with established franchise expertise. Fly Alliance co-founder Kevin Wargo highlighted that the program addresses a gap in the industry where experienced professionals often lack pathways to business ownership.
Trujillo brings extensive franchising experience to the new venture. He previously founded the electronics repair company uBreakiFix in 2009, which began franchising operations in 2013. Under his leadership, the brand expanded to more than 800 locations before being acquired by Asurion in 2019, the same year Fly Alliance was founded.
Recent Fly Alliance Expansion
The launch of FAMP follows a series of recent operational expansions for Fly Alliance. On January 19, 2026, the company’s maintenance division received approval as a Foreign Approved Maintenance Organization (FAMO) from the Directorate General of Civil Aviation (DGCA) of India.
The company has also expanded its passenger and operational services. On November 13, 2025, Fly Alliance became an authorized Starlink dealer, offering complimentary satellite internet on select aircraft. More recently, on April 7, 2026, the operator opened the Jet Paw Lounge at Teterboro Airport (TEB), a dedicated fixed-base operator (FBO) facility for passengers traveling with dogs.
AirPro News analysis
We view the introduction of a franchise model to Part 145 repair stations as a novel approach to a persistent industry challenge: the retention and career progression of skilled aviation maintenance technicians (AMTs). By offering a structured path to ownership, Fly Alliance is adapting a business model highly successful in consumer retail and automotive repair to the heavily regulated aviation sector.
The success of FAMP will likely depend on how effectively the franchisor can manage the strict quality control and safety compliance required by the FAA across multiple independent owner-operators. If successful, this model could shift the landscape of independent maintenance, repair, and overhaul (MRO) facilities by consolidating smaller operations under a unified, well-resourced brand umbrella.
Sources: Fly Alliance via Business Wire
Photo Credit: Fly Alliance
MRO & Manufacturing
Aviation Aftermarket Parts Shortages Deepen in May 2026
Locatory May 2026 data shows acute shortages of CFM56 and GE90 components driven by fleet extensions and repair backlogs.

Severe supply chain bottlenecks and delayed new aircraft deliveries are driving acute shortages of critical engine and avionics components across the global aviation aftermarket, according to May 2026 marketplace data published by Locatory.
The aviation parts locator platform released its analysis on June 3, 2026, detailing the top 50 most searched and hardest-to-find aircraft parts. The data indicates that operators are being forced to extend the operational life of legacy fleets, including the Boeing 737 Next Generation, Airbus A320ceo, and Boeing 777 families. This extension directly suppresses the teardown activity that typically supplies the Used Serviceable Material (USM) market.
Legacy fleet extensions strain component availability
Delays in new aircraft programs, such as the Boeing 777X, have prompted airlines to retain older airframes like the Boeing 777-300ER and Boeing 777F longer than originally planned. This delayed retirement cycle restricts the flow of parts into the USM channel, which traditionally acts as a buffer against open-market scarcity.
Compounding the physical shortage of parts is a growing backlog within the approved repair ecosystem. Locatory notes that repair-cycle Turnaround Time (TAT) has emerged as a primary constraint for Maintenance, Repair, and Overhaul (MRO) providers. Even when unserviceable units are located, delays in returning them to serviceable condition keep the available pool of ready-to-install components exceptionally tight.
Engine cores and avionics face peak demand
High demand is heavily concentrated on narrowbody engine-core parts, specifically for CFM International CFM56-5B and CFM56-7B engines. Pneumatic systems and Integrated Drive Generators (IDGs) are also experiencing elevated search volumes as operators prepare for peak summer utilization in Q3 2026. Anticipated summer flight schedules are expected to further strain the supply of environmental control systems, cooling components, and dispatch-critical avionics.
Widebody platforms are facing similar supply-side pressure. A January 2026 directive from the Federal Aviation Administration (FAA) regarding GE Aerospace GE90 High Pressure Turbine (HPT) disks has driven an increase in shop visits for Boeing 777 engines. Consequently, GE90 components, particularly Full Authority Digital Engine Controls (FADECs) and Hydro-Mechanical Units (HMUs), have become critically difficult to source.
AirPro News analysis
We anticipate that the structural constraints identified in the May 2026 data will persist well into the next year. The aviation aftermarket is currently caught in a feedback loop where new aircraft delivery delays force legacy fleet extensions, which in turn choke off the USM supply required to maintain those very legacy aircraft. Until Original Equipment Manufacturers (OEMs) can stabilize new production rates and clear delivery backlogs, MROs and airlines will continue to face inflated procurement costs and extended TATs for dispatch-critical components.
Sources: Locatory
Photo Credit: Locatory
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