Subscribe Free
in Business & Finance

AJW Group and Arena Investors announce aviation asset joint venture

Posted 14 June 2021 · Add Comment

AJW Group, which serves the Middle East, and Arena Investors have announced a joint venture focused on selective acquisitions of commercial aircraft, engines and components.

 

The partnership leverages AJW’s operational expertise and global network together with Arena’s extensive experience in aviation-related investments.    

 

Through a newly formed entity based in Dublin, AJW and Arena will jointly acquire a targeted portfolio of aircraft and engines to be managed and monetized through AJW’s global network.  The joint venture will be funded with committed capital of up to USD $100 million.          

 

With approximately 90 years of experience, AJW is a world-leading independent specialist in the supply, lease and repair of aircraft components and a supply chain solution provider to over 1,000 airlines.  The joint venture will feed engines and components into AJW’s global inventory utilising the extensive repair capabilities of AJW Technique, the Group’s state-of-the-art, industry-leading maintenance hub based in Montreal.

 

Vivek Nayar, Arena Investors, said: “We are thrilled to be forming a partnership with AJW, one of the most storied and reputable firms in the aviation services industry, with its wide geographical reach and customer base.  AJW’s experience, combined with Arena’s flexible capital solutions, are especially relevant at a time when there are great liquidity needs in the industry.  We look forward to helping to solve those needs.”

 

Ian Malin, Chief Financial Officer of AJW Group, said: “We are pleased to be working with Arena on this exciting project.  Arena brings a vast and diverse experience to the table investing in the aviation sector in complement to AJW’s extensive operational expertise. There are a number of compelling opportunities in the marketplace which we look forward to pursuing together”.

Other Stories
Advertisement
Latest News

The Allen key to success

Steve Allen’s promotion to executive vice president of Dnata has come at a tough time for the industry, but, as he tells Jill Stockbridge, he is unlocking opportunities and planning growth.

Gulfstream adds new features to the G280

Gulfstream Aerospace has added several new features and options to the popular super-midsize Gulfstream G280 as investment in the aircraft and interest in the segment continue.

Why pilot mental health has jumped up the agenda

After a six-month delay, new EU pilot mental fitness rules came into effect earlier this year. With many non-EU countries and airlines mirroring European Aviation Safety Agency (EASA) best practice, several Middle East carriers are

Accelerating the transition of long-haul aviation towards net zero

Rolls-Royce, Airbus and Shell are investing in technology required to achieve the transition of long-haul aviation towards net zero.

Boeing releases Q3 deliveries

The Boeing Company has announced programme deliveries across its commercial and defence operations for the third quarter of 2021.

Al Qubaisi named as new director-general of UAE national space agency

The UAE has appointed Salem Butti Salem Al Qubaisi as the new director-general of its national space agency.

WDS SK2601090322
See us at
World Defence Show 2022DIACC BT0809131121Aviation Africa 2022DAS BT2909181121