J&C Aero majority stake acquired by Setna iO

European cabin interior hub J&C Aero (J&C), has announced the sale of a majority stake in the company to Setna iO, a Chicago-based company known for used serviceable material,  repair services, and asset leasing.

Exact terms of the deal have not been disclosed, but under the new ownership structure, J&C’s five founders will retain ‘significant’ equity and continue to lead day-to-day operations.

“This partnership is an important step in J&C Aero’s journey,” said Laurynas Skukauskas, CEO of J&C Aero. ​“Finding the right partner was critical for us — and in Setna iO we see the same mindset and approach to business.”

He added that the partnership is designed to strengthen, not alter, the company’s growth ambitions: ​“Together, we see clear opportuni­ties to expand internation­ally and continue developing our capabili­ties, while keeping the same team and approach that brought us here.”

READ: J&C Aero opens Vilnius cabin facility

J&C Aero holds multiple regulatory approvals, including EASA Part 21J Design, Part 21G Production, Part 145 Maintenance, and Part CAMO. The company operates 9,000 square meters of facilities and is supported by a team of 240 specialists and industry experts.

For Setna iO, the acquisition represents an expansion into certified aerospace design, production, and maintenance capabili­ties in Europe.

“J&C Aero represents a highly complemen­tary addition to our global platform,” said David Chaimovitz, Founder and CEO at Setna iO. ​“Their certified design, production, and maintenance capabili­ties significantly expand our industrial footprint and strengthen our position across the aircraft lifecycle.”

Completion of the transaction is planned for Q2 2026, subject to customary regulatory approvals.

Talisman acted as financial advisor to J&C during the transaction, and Walless law firm provided legal counsel. SETNA was advised by legal services firms Averus and Gould & Ratner LLP, while financial and tax diligence was provided by Plante Moran and PwC, respectively.

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