GED Capital acquired a majority stake in AIRE.

GED Capital has made the first investment from its new fund GED VI España with the acquisition of a majority stake in Aircraft Interior Refurbishment España, specialised in the maintenance, repair and overhaul of aircraft cabin interiors. Financial terms were not disclosed. AIRE portfolio of services currently includes: the maintenance of seats, galley elements, stowages and panels, the modification and reconditioning of cabins, the manufacture of covers, carpets and adhesive labels and the certification of modifications to aircraft cabins and its components. “There are strong trends in the aeronautical sector that support the rationale of our investment in AIRE, such as the positive growth prospect of air traffic and the consequent increase in the number of aircrafts both in Europe and Latin America,” Enrique Centelles Satrústegui, GED Managing Partner.