J&C Aero Announces Sale of Majority Stake and Strategic Partnership with Setna iO

FOR IMMEDIATE RELEASE

J&C Aero Announces Sale of Majority Stake and Strategic Partnership with Setna iO

Vilnius, Lithuania / Chicago, IL — Feb. 23, 2026 — J&C Aero (J&C), a leading European cabin interior hub, today announced the sale of a majority stake in the company to Setna iO (SETNA), a Chicago-based full-service global aviation network specializ­ing in used serviceable material, trading, repair services, and asset leasing.

The strategic transaction is designed to accelerate J&C’s next phase of growth while preserving its operational standards, leadership continuity, and long-term vision. By partnering with SETNA, J&C will expand beyond its European home markets, broaden its service capabili­ties, and strengthen its international footprint. At the same time, SETNA will further diversify its portfolio and enhance its industrial platform through investment in a high-value aerospace business with strong lifecycle revenues and established OEM and aftermar­ket positioning.

Under the new ownership structure, J&C’s five founders will retain significant equity and continue to lead day-to-day operations, ensuring strategic consistency and founder-led execution. For J&C’s leadership, the decision ultimately came down to long-term alignment.

“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. We have built the company on a clear set of values — expertise, teamwork, and strong customer focus — and in SETNA we see the same mindset and approach to business.”

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

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

For SETNA, the acquisition represents a deliberate expansion into certified aerospace design, production, and maintenance capabili­ties in Europe, further strength­en­ing its lifecycle offering.

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

Chaimovitz noted that SETNA was particularly drawn to J&C’s engineer­ing capabili­ties and regulatory standing, adding, ​“Together, we see meaningful opportuni­ties to accelerate international growth while building long-term value for customers and stakeholders.”

The partnership combines J&C’s certified aerospace expertise with SETNA’s global leadership and industrial reach, creating a platform for accelerated growth, technology investment, and sustained long-term value creation for both organizations.

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.

About J&C Aero

J&C Aero is a European-based cabin interior hub providing certified aerospace design, production, and maintenance services for commercial and private aircraft operators. The company supports both OEM and aftermar­ket customers with integrated cabin solutions, backed by comprehen­sive EASA approvals and a highly experienced team of aviation professionals.

About SETNA

SETNA is a Chicago-based global aviation network specializ­ing in used serviceable material, trading, repair services, and asset leasing. The company serves airlines, lessors, and MROs worldwide, offering end-to-end lifecycle solutions across a broad portfolio of aircraft platforms.