Business · Companies · 4 hrs ago
Aperribay family buys 5.85% stake in aircraft maintenance group Boost Air
The Aperribay family bought a 5.85% stake in Boost Air through its investment company, Sapa Placencia Holding.
The purchase was made in December 2025 and cost €4 million, valuing Boost Air at about €68 million.
Boost Air is a Spanish aircraft maintenance group formed by combining Gestair, Brok-Air and ATS Aviation, and is backed by Hyperion Fund and Corporación Financiera Azuaga.
It works on aircraft used for business, commercial and defence purposes, and aims to double its 2025 revenue of €280 million within five years.
The company is seeking a contract to maintain Spain’s military VIP aircraft, used by officials including the prime minister and ministers.
The Defence Ministry’s four-year framework is worth nearly €120 million when possible changes and extensions are included.
Boost Air has already won the smaller contract lot for maintenance of three Cessna Citation V aircraft; the larger lot covers five Falcon 900s and two Airbus A310s.
The Aperribay family acquired a 5.85% stake in aircraft maintenance group Boost Air for €4 million.
The purchase was made in December 2025 through the family investment vehicle Sapa Placencia Holding.
The stake implies a valuation of about €68 million for all of Boost Air.
The family sees aircraft maintenance, repair and operations as a growing sector and considers the investment an opportunity.
Boost Air maintains aircraft used in executive, commercial and defence aviation and is bidding for a contract to maintain the Spanish military’s VIP aircraft fleet.
- Who
- The Aperribay family, through Sapa Placencia Holding.
- What
- It acquired a 5.85% stake in Boost Air for €4 million.
- When
- December 2025.
- Where
- Not stated.
- Why
- The family sees aircraft maintenance as a growing sector and the investment as an opportunity.
This story does not have two clearly opposing sides.
The Aperribay family bought a 5.85% stake in Boost Air for €4 million.
Boost Air’s combined revenue was €280 million.
Boost Air was awarded the contract’s second lot, covering maintenance of three Cessna Citation V aircraft.
- Stake acquired
- 5.85%
- Purchase price
- €4 million
- Implied Boost Air valuation
- About €68 million
- Investment vehicle
- Sapa Placencia Holding
- Boost Air revenue in 2025
- €280 million
- Awarded contract lot
- Second lot, covering three Cessna Citation V aircraft