Welsh aviation firm AerFin bought in £475m deal

For ORIX Aviation, the acquisition expands its activities beyond aircraft ownership and leasing, into aftermarket services and end-of-life aircraft management.

The company said the combination would strengthen its capabilities across the entire lifecycle of an aircraft.

James Meyler, chief executive of ORIX Aviation, said AerFin had built "a leading aviation aftermarket platform" supported by extensive technical expertise and an international customer base.

The sale also marks the exit of Danish private equity investor CataCap, which had been the majority shareholder in AerFin.

Founder Bob James said he was pleased to see the business move to what he described as "a long-term home", capable of supporting AerFin's next phase of expansion.