Announced
Completed
Financials
Tags
Domestic
United States
aircraft engines
Friendly
Private Equity
Private
Acquisition
Completed
Majority
Aerospace
Single Bidder
Synopsis
FTAI Aviation, an aerospace company, and Platinum Equity-backed Unical Aviation, a provider of aircraft parts and components, completed the acquisition of iAero Thrust, a manufacturer of aircraft engines. Financial terms were not disclosed. “We are excited to partner with Unical and add QuickTurn to our portfolio of CFM56 engine maintenance products. QuickTurn complements our existing maintenance center The Module Factory with Lockheed Martin in Montreal where we build and supply high quality modules. QuickTurn enables us to deliver module exchanges directly to customers offering a new standard for speed and convenience," Joe Adams, FTAI CEO.
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