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Continental Aerospace returns to US ownership

Continental engines
Continental has a full range of piston engines

Continental Aerospace Technologies has been sold by its Chinese owners back to a US-based company.

Arcline Investment Management, a US private equity firm, announced overnight that it has entered into a definitive agreement to acquire the holding company of Continental Aerospace Technologies, Inc. for approximately $535 million from Aviation Industry Corporation of China (AVIC).

Arcline has also invested in other aviation companies including Signia Aerospace which has a number of well-known GA brands including Hartzell Aviation, the propeller manufacturer.

Founded in 1905 and headquartered in Mobile, Alabama, USA, Continental is a leading designer and manufacturer of piston aircraft engines and provider of related aftermarket products and services for general aviation.

The Company’s portfolio includes both AvGas and Jet-A engines – it bought the Thielert Centurion range of diesel engines in 2013.

Arcline said, “Continental is a highly respected platform with a long history of engineering leadership, trusted customer relationships and mission-critical products that support the global general aviation fleet.

“The Company’s technical capabilities, large installed base and reputation for reliability fit naturally alongside our aerospace and defense systems and subsystems strategy.

“We look forward to partnering with Continental’s management team and employees to support continued investment in the business and accelerate its next chapter of growth.”

Arcline Investment Management

Continental Aerospace Technologies

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