RICHMOND HEIGHTS, Ohio--(BUSINESS WIRE)--
Directional Aviation Capital, a private investment firm whose singular focus is on private business aviation, recently acquired a stake in Aerospace Products International (API), a world leader in logistics services and parts distribution for the aviation industry, in a joint venture with Resilience Capital.
Directional Aviation Capital, established in 2005, is leading the industry in acquiring a portfolio of aviation companies ranging from fractional jet ownership, private jet cards, and aircraft maintenance to aircraft re-manufacturing and fuel management services. While the economic challenges over the past few years have caused many companies to delay plans for growth, Directional has accelerated its pace, identifying and acting upon acquisition opportunities and implementing aggressive operational strategies that will position it as a definitive leader in aviation well into the future.
Directional Aviation’s investment in API creates a synergistic alignment with the other companies in its portfolio, which includes Flight Options, Sentient Jet Card, Sentient Jet Charter, Nextant Aerospace, Constant Aviation and Everest Fuel Management.
“We believe in the aviation industry,” says Kenneth Ricci, Principal of Directional Aviation Capital. “And there has never been a more exciting or rewarding time to be part of an industry where we can help shape not only the future of our own company, but the future of the industry as a whole. Our investment in API further synergizes our portfolio, allowing us to align with a highly respected, global leader in the distribution of aircraft parts and accessories.”
API is authorized by original equipment manufacturers (OEMs), including Cirrus Aircraft, Champion Aerospace and Piper Aircraft, to distribute parts and accessories to manufacturers, maintenance providers and operators of some of the most widely used military, commercial, corporate and general aviation aircraft. By putting their trust in API’s expertise at distributing OEM parts and managing supply chains, customers can focus on their core competencies and business issues.
“API is well-known for its worldwide supply chain expertise in the aviation industry,” Ricci states. “Whether it’s distributing parts, providing supply chain management or repair/overhaul services, API is a vital addition to our portfolio because they help us serve a broad customer base from the U.S. to China and beyond. Their resilience in the face of recent economic challenges is a testament to the partnership and service they provide customers.”
About Directional Aviation Capital
Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional continues to innovate and reshape private aviation. Directional’s unique industry expertise enables them to quickly understand business aviation companies and provide the financing and operational strategy needed to take advantage of evolving market opportunities. For more information, visit www.directionalaviation.com.
About Aerospace Products International
API is the leading provider of innovative distribution, supply chain and MRO services for the aviation industry. API is OEM-authorized to distribute aircraft parts and accessories to manufacturers, maintenance providers and operators of some of the most widely used military, commercial, corporate and general aviation aircraft. API offers worldwide customer service 24x7x365 through strategically located distribution centers and partnerships in USA, Canada, China, Asia Pacific, Australia, Europe, Middle East and Africa.
Kevin Vaughan, 216-797-8173