Latest news with #Part145
Business Wire
6 days ago
- Business
- Business Wire
GenNx360 Capital Partners Portfolio Company Precision Aviation Group Expands Global Footprint with Strategic Acquisition of Turner Aviation
NEW YORK--(BUSINESS WIRE)--GenNx360 Capital Partners ('GenNx360'), a New York-based private equity firm investing in industrial and business services companies in the U.S. middle market, today announced that its portfolio company, Precision Aviation Group, Inc. ('PAG'), has acquired Turner Aviation, a highly regarded aviation maintenance, repair, and overhaul (MRO) services provider based in the United Kingdom. The acquisition of Turner Aviation marks PAG's entry into the EMEA (Europe, Middle East, and Africa) region and represents a key milestone in PAG's strategic plan to expand its global MRO capabilities. Headquartered in Glasgow, Scotland, Turner Aviation has been serving the aerospace and defense industries since 1954 and is a UK Civil Aviation Authority (CAA) and EASA Part 145 approved repair station. David Mast, President and CEO of PAG, commented: 'The acquisition of Turner Aviation represents a significant milestone in the continued growth of PAG. Their deep technical expertise, strong customer relationships, long-serving leadership team and strategic location make it an ideal partner for PAG. We are excited to build on Turner's impressive legacy.' Douglas Muirhead, Managing Director of Turner Aviation, added: 'We are thrilled to become part of the growing PAG family. This acquisition will not only provide Turner with enhanced resources and a global network but also allow us to better serve our customers.' Pratik Rajeevan, Principal at GenNx360 Capital Partners and lead for the PAG investment, commented, 'PAG's acquisition of Turner Aviation underscores our strategy of partnering with management teams to build industry-leading platforms through thoughtful expansion. The Turner team's reputation for quality and reliability makes this an outstanding step in broadening PAG's reach and service capabilities across key global markets.' GenNx360 acquired PAG in 2018 and continues to work closely with the management team to support the company's organic growth initiatives and targeted add-on acquisitions. Turner Aviation marks PAG's tenth add-on acquisition under GenNx360's ownership. GenNx360's PAG team includes Ron Blaylock Managing Partner; Lloyd Trotter, Managing Partner; Reece Zakarin, Vice President; and Jon Langenfeld, Associate. About GenNx360 Capital Partners GenNx360 Capital Partners is a private equity firm focused on acquiring middle-market industrial and business services companies. The firm's operationally focused investment strategy leverages deep industry expertise and proven value-creation tools to drive sustainable growth across its portfolio companies. For more information, please visit A bout Precision Aviation Group (PAG) Precision Aviation Group (PAG) is a leading provider of maintenance, repair, and overhaul (MRO) and value-added supply chain services to the aerospace and defense industries. With 25 FAA-approved repair stations, 27 locations worldwide, 1,100+ employees, and over 1.2 million square feet of production/distribution facilities, PAG offers comprehensive MRO services on over 200,000 product lines. PAG supports operators in the Airline, Business and General Aviation (BGA), Military and Rotary Wing markets through its Inventory Supported Maintenance, Repair, and Overhaul (ISMRO®) business model. For more information, visit About Turner Aviation Turner Aviation, established in 1954 and based in Glasgow, Scotland, is a UKCAA and EASA-approved MRO provider offering specialized services in the repair and overhaul of avionics, components, and fuel systems. Turner serves a diverse customer base across the EMEA region. For more information, visit
Yahoo
16-05-2025
- Business
- Yahoo
Willis Lease Finance Corporation Appoints Z. Clifton Dameron as General Counsel
COCONUT CREEK, Fla., May 16, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ('WLFC' or the 'Company'), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the internal appointment of Z. Clifton ('Clif') Dameron to the role of Senior Vice President, General Counsel and Corporate Secretary, effective immediately. Clif will report directly to Chief Executive Officer, Austin C. Willis, and will be responsible for overseeing all legal matters for WLFC. Clif succeeds Dean M. Poulakidas, who has stepped down from the role to pursue other opportunities. 'We are grateful to Dean for the many years he selflessly dedicated to WLFC,' said Austin C. Willis. 'Under his thoughtful guidance and counsel, we achieved many milestones that have been instrumental in building the brand we have today.' 'I am very thankful for my almost 14 years at Willis Lease, working on many industry-leading transactions with fantastic people, said Dean M. Poulakidas.' Clif joined WLFC in 2024 as a Senior Vice President, bringing an extensive background in aviation and general corporate law. Since then, he has worked to strengthen and streamline the Company's legal functions. Prior to joining WLFC, Clif served as Chief Legal Officer at Carlyle Aviation Partners (formerly Apollo Aviation Group) and held roles at Sciens Capital Management LLC, Bingham McCutchen LLP and Morgan, Lewis & Bockius LLP. 'I look forward to building upon the great work Dean has done during his tenure and working more closely with our talented team,' said Clif Dameron. 'I am proud to represent WLFC as a leader in aviation leasing and innovation and believe there is great market opportunity ahead.' Willis Lease Finance Corporation Willis Lease Finance Corporation ('WLFC') leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company's service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation. Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company's Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995. CONTACT: Lynn Mailliard Kohler Director, Global Corporate Communications lkohler@ 415.328.4798Sign in to access your portfolio
Business Upturn
08-05-2025
- Business
- Business Upturn
Willis Lease Finance Corporation Moves its Consultancy and Advisory Arm to Willis Mitsui & Co. Engine Support Limited
COCONUT CREEK, Fla., May 08, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) ('WLFC' or the 'Company'), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced it has entered into an agreement to sell Bridgend Asset Management Limited, the consultancy and advisory arm of WLFC, to Willis Mitsui & Co. Engine Support Limited ('WMES'), its longstanding joint venture with Mitsui & Co., Ltd ('Mitsui'). This strategic move reflects WLFC's commitment to strengthening collaboration with its partners and enhancing this joint venture's capabilities in aviation services. Together, WLFC and Mitsui will focus on significantly expanding WMES's services offerings and aviation asset portfolio. The completion of the transaction is subject to customary regulatory approvals and closing conditions. Established in 2011 and headquartered in Dublin, WMES currently owns and manages assets totaling approximately $360 million. The integration of WLFC's technical consultancy and record management services will further expand the joint venture's service offerings, leveraging the combined expertise, global reach and operational efficiencies of both partners. As a 50% owner of WMES, WLFC plans to continue utilizing WMES for its services and to leverage synergistic benefits. 'We think this transaction is a real win for our shareholders,' said Austin C. Willis, Chief Executive Officer of WLFC. 'Not only does the expansion of WMES allow for a premium return on equity when considering earnings plus fees, but the transaction itself unlocks fresh capital that can be reinvested to accelerate WLFC's portfolio growth. 'We see tremendous opportunity in the commercial aviation space, and this transaction provides us the substance to drive growth for our global platform,' said Yuichi Nagata, General Manager of Aerospace Business Division of Mitsui & Co. 'This transaction will continue to strengthen Mitsui's and WLFC's long-term relationship.' Willis Lease Finance Corporation Willis Lease Finance Corporation ('WLFC') leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company's service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation. Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company's Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995. CONTACT: Lynn Mailliard Kohler Director, Global Corporate Communications (415) 328-4798 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
22-04-2025
- Business
- Yahoo
Willis Lease Finance Corporation Announces Timing of First Quarter 2025 Earnings and Conference Call
COCONUT CREEK, Fla., April 22, 2025 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ('WLFC') plans to announce its financial results for the first quarter of 2025 on Tuesday, May 6, 2025. WLFC plans to hold a conference call led by members of WLFC's executive management team on Tuesday, May 6, 2025, at 10:00 a.m. Eastern Daylight Time to discuss its first quarter 2025 results. Individuals wishing to participate in the conference call should dial: US and Canada (800) 289-0459, International +1 (646) 828-8082, wait for the conference operator and provide the operator with the Conference ID 578662. The conference call may also be accessed by registering via the following link: A digital replay will be available two hours after the completion of the conference call. To access the replay, please visit our website at under the Investor Relations section for details. A copy of this press release will be posted to the Investor Relations section of the Company's website, prior to the call. Willis Lease Finance Corporation Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Additionally, through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company's service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. CONTACT: Scott B. Flaherty Executive Vice President & Chief Financial Officer sflaherty@ 561.413.0112 Sign in to access your portfolio
Globe and Mail
10-04-2025
- Business
- Globe and Mail
Bridger Aerospace Awarded Exclusive-Use Contract by State of Montana for Innovative Wildfire Detection Aircraft
BELGRADE, Mont., April 10, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. ('Bridger' or 'Bridger Aerospace') (NASDAQ: BAER, BAERW), announced today that, after participating in a competitive bidding process, it has been notified by the State of Montana as the successful bidder for an exclusive-use contract to provide wildfire detection and mapping using a specially modified Daher Kodiak 100 aircraft. The exclusive-use agreement includes an initial one-year term, with two optional extension years pending continued state funding. The contract provides for a minimum of 120 days of availability for a minimum annual value of $648,000 with additional days and flight hours incremental to the minimum annual value. 'With this award, nearly all of Bridger's air attack and sensor-equipped fleet is either committed or currently operational for the 2025 fire season,' stated Sam Davis, Chief Executive Officer at Bridger Aerospace. 'This opportunity, which expands our portfolio of exclusive-use contracts, is particularly significant as it enables us to support critical firefighting operations in our home state. With our specialized in-house aircraft modification capabilities, we're uniquely positioned to rapidly deliver advanced aerial intelligence and mapping solutions, directly supporting the safety and effectiveness of wildfire response teams throughout Montana.' This modification integrates an advanced sensor system and operator workstation into the Kodiak and is being executed by the combined Bridger and FMS Aerospace team. This marks the first-ever joint effort contract award for their in-house design, engineering, and Part 145 modification capabilities since the acquisition of FMS in 2024. It will enable rapid identification of wildfire hotspots across the state, precise fire perimeter mapping, and delivery of near-real-time infrared imagery directly to firefighting crews. About Bridger Aerospace Based in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nation's largest aerial firefighting companies. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation, as well as internationally. More information about Bridger Aerospace is available at
