London, 22 September 2014 – AIM Aviation, the UK-based leading designer of custom cabin interiors for the world`s major airlines, acquires Altitude Aerospace Interiors from Air New Zealand.
Altitude Aerospace Interiors, based in New Zealand, is a leading designer of custom cabin interiors to the world’s leading airlines and is ideally situated for the Far East and Australasian markets, thereby complementing AIM’s strong presence in Europe, the Middle East and North America.
The market-leading services of AIM and Altitude cover the entire cabin interior from cockpit to rear pressure bulkhead, including premium monuments and bar units, lounges, seat modules, galleys and stowages. All inspirationally designed, meticulously engineered and beautifully crafted.
With aircraft manufacturers’ backlogs at an all-time high, the global commercial aviation industry is expected to benefit significantly from the increase in air traffic anticipated in the next few years. With its strong reputation for engineering capabilities and customer service, Altitude’s addition to the AIM Aviation group strengthens its position in this exciting and rapidly growing market.
Mark Edwards, CEO of AIM Aviation, says:
We are very pleased to have the opportunity to combine the strengths of the AlM and Altitude businesses. This deal will further enhance the offering we provide to our airline and leasing customers and OEM partners.
AIM Aviation is majority owned by TowerBrook Capital Partners, L.P. (“TowerBrook”), a leading international investment management firm. The transaction is expected to complete at the end of September 2014.