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MRO Holdings

Full company profile

uuid0007m45

Namestring
MRO Holdings
Legal namestring
MRO Holdings Inc.
Websiteurl
mroholdings.com
Company typeenum
Private
Founded yearint
2016
Descriptiontext

MRO Holdings is a privately held provider of aircraft maintenance, repair, and overhaul (MRO) services for commercial airlines, headquartered in Irving, United States, with operations spanning El Salvador, Mexico, Panama, and the United States. The company performs approximately 10 million hours of aircraft maintenance annually and serves major US-based carriers including JetBlue, Delta, and Southwest through long-term enterprise contracts. Its portfolio consists of core commercial MRO services delivered directly and through its wholly-owned subsidiary Aeroman, which operates a major maintenance center in El Salvador.

MRO Holdings is controlled by El Salvador-based private equity firm Caoba Capital, with the Kriete family as co-investors and Bain Capital joining as a strategic minority investor in July 2024. The go-to-market is enterprise field sales targeting US commercial airlines, with services delivered from company-owned facilities across the Americas — a footprint that provides a structural cost advantage by combining Latin American labor and facility economics with US customer demand. Pricing is quote-based, negotiated per aircraft type, maintenance scope, and contract term, and is not publicly disclosed.

The company is led by Chairman Roberto Kriete and a commercial leadership team including a Chief Commercial Officer (Basil Papayoti) and Chief Revenue Officer (Bill Tiffany). The company has executed inorganic growth, including the 2016 acquisition of Flightstar Aircraft Services, LLC, and uses industry channels such as the MRO Americas conference for visibility. Revenue mechanics are professional-services based: hourly labor for maintenance activities, supplemented by parts and materials pass-through, with no subscription, transaction, or consumption-based pricing disclosed.

Short descriptiontext

MRO Holdings is a privately held commercial aircraft maintenance, repair, and overhaul (MRO) provider performing ~10 million maintenance hours annually from facilities in El Salvador, Mexico, Panama, and the United States, serving US carriers including JetBlue, Delta, and Southwest.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersIrving, United States
HQ citystring
Irving
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
aircraft maintenance services, MRO services, aircraft modifications conversions, commercial aviation maintenance, aircraft repair overhaul
Industry3 codes
1Commercial Airframe MRO (Heavy Checks & Structural)
CodeIMABALAAPrimaryYes
2Maintenance Planning, CAMO & Technical Records/Continuing Airworthiness
CodeTLAKAJAJPrimaryNo
3MRO Engineering, Technical Publications & CAMO Support
CodeIMABALAOPrimaryNo
NAICS code2 codes
  • Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance811310
  • Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance8113
SIC code2 codes
  • Aircraft Parts & Auxiliary Equipment, Nec3728
  • Services-Miscellaneous Repair Services7600
Product category
Aircraft Maintenance, Repair and Overhaul (MRO) Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Aircraft MRO Services
TypeProfessional Services
Description

MRO Holdings generates revenue through providing comprehensive maintenance, repair, and overhaul services for commercial aircraft. The company performs approximately 10 million hours of aircraft maintenance annually, serving major US airlines with both routine and complex maintenance requirements.

baincapital.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

MRO Holdings provides comprehensive aircraft Maintenance, Repair, and Overhaul (MRO) services for commercial airlines across the Americas. The company performs approximately 10 million hours of aircraft maintenance annually across facilities in Panama, El Salvador, Mexico, and the United States, including heavy maintenance checks, modifications, conversions, and technical solutions. Services are delivered primarily to U.S. commercial carriers such as JetBlue, Delta, and Southwest through its subsidiary Aeroman and directly operated maintenance centers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Performs approximately 10 million hours of aircraft maintenance annually
Product overview1 text field

MRO Holdings operates as a leading aircraft maintenance provider for commercial airlines across the Americas, offering MRO services through its subsidiary Aeroman and direct operations. The company performs approximately 10 million hours of aircraft maintenance annually from facilities in Panama, El Salvador, Mexico, and the United States, servicing U.S. airlines including JetBlue, Delta, and Southwest. The portfolio consists of the core MRO services brand and the Aeroman subsidiary brand.

Product and service1 record
1Aircraft Maintenance, Repair and Overhaul (MRO) Services
CategoryAircraft MRO Services
Description

Comprehensive Maintenance, Repair, and Overhaul services for commercial aircraft, including heavy maintenance checks, modifications, conversions, and technical solutions delivered at company facilities across Panama, El Salvador, Mexico, and the United States. Targeted at U.S. and Americas-based commercial airlines such as JetBlue, Delta, and Southwest, totaling approximately 10 million maintenance hours annually.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

AAR Corp is a leading US-headquartered provider of commercial aviation MRO services, parts, and integrated supply chain solutions serving airlines globally. It is the closest direct US-based competitor to MRO Holdings' airframe MRO and airline-services model.

TypeDirect peer
Description

HAECO is one of the world's largest independent MRO providers, offering airframe, component, and engine services to commercial airlines from facilities primarily in Asia. It directly competes with MRO Holdings for large commercial carrier MRO contracts.

TypeDirect peer
Description

StandardAero provides MRO services across engine, component, and airframe platforms for commercial and business aviation. Its broad commercial MRO offering and scaled facility footprint make it a directly comparable peer to MRO Holdings.

TypeBroad incumbent
Description

Lufthansa Technik is the world's largest independent MRO provider, offering comprehensive airframe, engine, component, and digital fleet services. It operates as a global broad incumbent that competes with MRO Holdings for major airline contracts.

TypeBroad incumbent
Description

Turkish Technic is a major global MRO provider serving airlines from facilities in Turkey and abroad, with a broad range of airframe, engine, and component services. It competes with MRO Holdings for outsourced commercial MRO work.

TypeBroad incumbent
Description

SIA Engineering Company provides line maintenance, airframe, and engine MRO services primarily in Asia-Pacific, with partnerships across major OEMs. It is a broad incumbent comparable in scale and capability to MRO Holdings.

TypeBroad incumbent
Description

SR Technics is a Switzerland-based independent MRO provider offering airframe, engine, and component services to commercial operators. Its independent commercial MRO focus and cost-competitive European base make it a broadly comparable incumbent.

TypeRegional player
Description

Magnetic MRO is an Estonia-based aircraft MRO provider serving European and international customers with line and base maintenance. It is a smaller regional MRO comparable in business model but operating primarily outside the Americas.

TypeRegional player
Description

FL Technics is a Lithuania-based MRO provider offering line maintenance, base maintenance, component repair, and engine services across Europe, Asia, and Africa. It is a regional peer with similar commercial airline MRO focus.

TypeEmerging player
Description

AerFin provides aftermarket aircraft component repair, leasing, and MRO services with a focus on CFM56 and other high-cycle platforms. It is an emerging adjacent peer with overlapping commercial aviation MRO and lifecycle support activities.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MRO Holdings

Aircraft Maintenance, Repair and Overhaul (MRO) Servicesmroholdings.com

MRO Holdings is a privately held commercial aircraft maintenance, repair, and overhaul (MRO) provider performing ~10 million maintenance hours annually from facilities in El Salvador, Mexico, Panama, and the United States, serving US carriers including JetBlue, Delta, and Southwest.

What MRO Holdings does

MRO Holdings is a privately held provider of aircraft maintenance, repair, and overhaul (MRO) services for commercial airlines, headquartered in Irving, United States, with operations spanning El Salvador, Mexico, Panama, and the United States. The company performs approximately 10 million hours of aircraft maintenance annually and serves major US-based carriers including JetBlue, Delta, and Southwest through long-term enterprise contracts. Its portfolio consists of core commercial MRO services delivered directly and through its wholly-owned subsidiary Aeroman, which operates a major maintenance center in El Salvador.

MRO Holdings is controlled by El Salvador-based private equity firm Caoba Capital, with the Kriete family as co-investors and Bain Capital joining as a strategic minority investor in July 2024. The go-to-market is enterprise field sales targeting US commercial airlines, with services delivered from company-owned facilities across the Americas — a footprint that provides a structural cost advantage by combining Latin American labor and facility economics with US customer demand. Pricing is quote-based, negotiated per aircraft type, maintenance scope, and contract term, and is not publicly disclosed.

The company is led by Chairman Roberto Kriete and a commercial leadership team including a Chief Commercial Officer (Basil Papayoti) and Chief Revenue Officer (Bill Tiffany). The company has executed inorganic growth, including the 2016 acquisition of Flightstar Aircraft Services, LLC, and uses industry channels such as the MRO Americas conference for visibility. Revenue mechanics are professional-services based: hourly labor for maintenance activities, supplemented by parts and materials pass-through, with no subscription, transaction, or consumption-based pricing disclosed.

MRO Holdings firmographics

Firmographics
Name
MRO Holdings
Legal name
MRO Holdings Inc.
Website
https://mroholdings.com
Company type
Private
Founded year
2016
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
MRO Holdings is a privately held commercial aircraft maintenance, repair, and overhaul (MRO) provider performing ~10 million maintenance hours annually from facilities in El Salvador, Mexico, Panama, and the United States, serving US carriers including JetBlue, Delta, and Southwest.
Ownership category
akta.pro rank

MRO Holdings industry classification

Industry
Product category
Aircraft Maintenance, Repair and Overhaul (MRO) Services
NAICS
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310), Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (8113)
SIC
Aircraft Parts & Auxiliary Equipment, Nec (3728), Services-Miscellaneous Repair Services (7600)
akta.pro primary industry
Commercial Airframe MRO (Heavy Checks & Structural) (IMABALAA)
akta.pro secondary industries
Maintenance Planning, CAMO & Technical Records/Continuing Airworthiness (TLAKAJAJ), MRO Engineering, Technical Publications & CAMO Support (IMABALAO)

Keywords

  • Aircraft maintenance services
  • MRO services
  • Aircraft modifications conversions
  • Commercial aviation maintenance
  • Aircraft repair overhaul

Where MRO Holdings is headquartered

Location

Headquarters

HQ city
Irving
HQ country
United States
HQ region
North America

Offices4 records

Markets served

MRO Holdings business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

  1. Aircraft MRO Services: MRO Holdings generates revenue through providing comprehensive maintenance, repair, and overhaul services for commercial aircraft. The company performs approximately 10 million hours of aircraft maintenance annually, serving major US airlines with both routine and complex maintenance requirements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

MRO Holdings product offering

Product offering

Core offering

MRO Holdings provides comprehensive aircraft Maintenance, Repair, and Overhaul (MRO) services for commercial airlines across the Americas. The company performs approximately 10 million hours of aircraft maintenance annually across facilities in Panama, El Salvador, Mexico, and the United States, including heavy maintenance checks, modifications, conversions, and technical solutions. Services are delivered primarily to U.S. commercial carriers such as JetBlue, Delta, and Southwest through its subsidiary Aeroman and directly operated maintenance centers.

Product overview

MRO Holdings operates as a leading aircraft maintenance provider for commercial airlines across the Americas, offering MRO services through its subsidiary Aeroman and direct operations. The company performs approximately 10 million hours of aircraft maintenance annually from facilities in Panama, El Salvador, Mexico, and the United States, servicing U.S. airlines including JetBlue, Delta, and Southwest. The portfolio consists of the core MRO services brand and the Aeroman subsidiary brand.

Differentiator

Problem solved

Functional benefit

Products and services

  • Aircraft Maintenance, Repair and Overhaul (MRO) Services Comprehensive Maintenance, Repair, and Overhaul services for commercial aircraft, including heavy maintenance checks, modifications, conversions, and technical solutions delivered at company facilities across Panama, El Salvador, Mexico, and the United States. Targeted at U.S. and Americas-based commercial airlines such as JetBlue, Delta, and Southwest, totaling approximately 10 million maintenance hours annually.

Quantifiable outcome

  • Performs approximately 10 million hours of aircraft maintenance annually

Companies that use MRO Holdings

Customer profile

Named customers3 records

Segments1 record

Ideal customer profiles1 record

MRO Holdings technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

MRO Holdings partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

MRO Holdings competitors and assessment

Company assessment

Direct peers

  • AAR Corp: AAR Corp is a leading US-headquartered provider of commercial aviation MRO services, parts, and integrated supply chain solutions serving airlines globally. It is the closest direct US-based competitor to MRO Holdings' airframe MRO and airline-services model.
  • HAECO: HAECO is one of the world's largest independent MRO providers, offering airframe, component, and engine services to commercial airlines from facilities primarily in Asia. It directly competes with MRO Holdings for large commercial carrier MRO contracts.
  • StandardAero: StandardAero provides MRO services across engine, component, and airframe platforms for commercial and business aviation. Its broad commercial MRO offering and scaled facility footprint make it a directly comparable peer to MRO Holdings.

Broad incumbents

  • Lufthansa Technik: Lufthansa Technik is the world's largest independent MRO provider, offering comprehensive airframe, engine, component, and digital fleet services. It operates as a global broad incumbent that competes with MRO Holdings for major airline contracts.
  • Turkish Technic: Turkish Technic is a major global MRO provider serving airlines from facilities in Turkey and abroad, with a broad range of airframe, engine, and component services. It competes with MRO Holdings for outsourced commercial MRO work.
  • SIA Engineering Company: SIA Engineering Company provides line maintenance, airframe, and engine MRO services primarily in Asia-Pacific, with partnerships across major OEMs. It is a broad incumbent comparable in scale and capability to MRO Holdings.
  • SR Technics: SR Technics is a Switzerland-based independent MRO provider offering airframe, engine, and component services to commercial operators. Its independent commercial MRO focus and cost-competitive European base make it a broadly comparable incumbent.

Regional players

  • Magnetic MRO: Magnetic MRO is an Estonia-based aircraft MRO provider serving European and international customers with line and base maintenance. It is a smaller regional MRO comparable in business model but operating primarily outside the Americas.
  • FL Technics: FL Technics is a Lithuania-based MRO provider offering line maintenance, base maintenance, component repair, and engine services across Europe, Asia, and Africa. It is a regional peer with similar commercial airline MRO focus.

Emerging players

  • AerFin: AerFin provides aftermarket aircraft component repair, leasing, and MRO services with a focus on CFM56 and other high-cycle platforms. It is an emerging adjacent peer with overlapping commercial aviation MRO and lifecycle support activities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

MRO Holdings social profiles

Digital presence

MRO Holdings financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MRO Holdings leadership team

Management profile

Number of profiles

Profiles4 records

MRO Holdings subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

MRO Holdings funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MRO Holdings M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MRO Holdings

What does MRO Holdings do?

MRO Holdings provides comprehensive aircraft Maintenance, Repair, and Overhaul (MRO) services for commercial airlines across the Americas. The company performs approximately 10 million hours of aircraft maintenance annually across facilities in Panama, El Salvador, Mexico, and the United States, including heavy maintenance checks, modifications, conversions, and technical solutions. Services are delivered primarily to U.S. commercial carriers such as JetBlue, Delta, and Southwest through its subsidiary Aeroman and directly operated maintenance centers.

Is MRO Holdings a public or private company?

MRO Holdings is a private company. It is classified as private equity controlled and is currently operating.

When was MRO Holdings founded?

MRO Holdings was founded in 2016. It employs 5,001 to 10,000 people.

Where is MRO Holdings based?

MRO Holdings is headquartered in Irving, United States, in the North America region.

How does MRO Holdings make money?

One revenue line is on record: aircraft MRO Services.

Who are MRO Holdings's main competitors?

Direct peers on record are AAR Corp, HAECO and StandardAero. Broad incumbents are Lufthansa Technik, Turkish Technic, SIA Engineering Company and SR Technics. Regional players are Magnetic MRO and FL Technics. AerFin is listed as an emerging player.

Does MRO Holdings have an API?

No public API is recorded for MRO Holdings.

What industry is MRO Holdings in?

MRO Holdings's product category is Aircraft Maintenance, Repair and Overhaul (MRO) Services. Its primary akta.pro industry code is IMABALAA, Commercial Airframe MRO (Heavy Checks & Structural), with a secondary code of TLAKAJAJ, Maintenance Planning, CAMO & Technical Records/Continuing Airworthiness. Its NAICS code is 811310 and its SIC code is 3728.

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Live signals
The Motley FoolAAR (AIR) Q1 2027 Earnings Call TranscriptAAR Corp reported fiscal Q1 2027 sales of $918 million, up 24% year-over-year, and adjusted diluted EPS of $1.49, up 38%. The company also announced a 65% controlling interest in MRO Holdings for an implied $4 billion enterprise value, with pro forma annual revenue of $4.3 billion and a medium-term margin target of 19-20%.FinancialContent Business PageAIR Q3 Deep Dive: MRO Holdings Acquisition Expands Scale and MarginsAAR Corp reported Q3 2026 revenue of $918 million, up 24.1% year-on-year, and adjusted EPS of $1.49, beating analyst estimates. The company guided Q4 revenue to $914.6 million, above estimates, and highlighted its acquisition of a 65% stake in MRO Holdings as a transformational milestone.YahooAAR Corp (AIR) (Q1 2027) Earnings Call Highlights: Record Sales, MRO Holdings Mega-Deal, and a ...AAR Corp reported Q1 fiscal 2027 sales up 24% to $918 million, with adjusted EPS of $1.49 and adjusted EBITDA margin of 12.7%. The company acquired a 65% controlling interest in MRO Holdings at an implied enterprise value of about $4 billion, expecting pro forma revenue growth of roughly 30% and a new adjusted EBITDA margin target of 19-20% over three to four years.Pulse 2.0AAR To Acquire 65% Controlling Interest In MRO Holdings At $4 Billion Enterprise ValueAAR agreed to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4 billion, adding over $1 billion in annual revenue. The deal values MRO at 10.7x forecast 2026 adjusted EBITDA and expects to raise AAR's adjusted EBITDA margin from 12% to 16% before synergies. AAR expects to close during fiscal Q3 2027.Investing.comStock Market News - Investing.comAAR Corp reported Q1 FY2027 EPS of $1.49, beating estimates by 13.7%, and announced a $4B acquisition of MRO Holdings. The stock fell 6.46% to $107.66, reflecting execution risk and a leverage jump to 3.6x. Q2 guidance implies 14-16% organic growth, with the Indianapolis facility exit by end of 2026.Seeking AlphaAAR targets 19% to 20% adjusted EBITDA margins in 3 to 4 years as it plans to close MRO Holdings deal in fiscal Q3 2027 (NYSE:AIR)AAR Corp. reported Q1 fiscal 2027 sales of $918 million, up 24%, and adjusted EBITDA margin of 12.7%. The company announced a 65% stake in MRO Holdings for $4 billion, targeting 19-20% adjusted EBITDA margins in 3-4 years. It expects to close the deal in fiscal Q3 2027.Investing.comEarnings Call Transcripts - Investing.comAAR Corp reported fiscal Q1 adjusted EPS of $1.49 and revenue of $918 million, both beating estimates. The company also announced a 65% stake in MRO Holdings for $4 billion, expecting pro forma revenue growth of 30% and EBITDA margin expansion to 16%. Management raised full-year sales growth to low-teens.Investing.comStock Analyst Ratings: Upgrades and Downgrades - Investing.comAAR Corporation announced a $1.8 billion acquisition of a 65% stake in MRO Holdings, backed by Bain Capital, with an option to buy the remaining equity. The deal represents about 40% of AAR's market cap, and the company reported Q1 fiscal 2027 results that beat consensus estimates. Management projects combined EBITDA margins of 19-20% and 9.5% EPS accretion in fiscal 2028.Quiver QuantitativeAAR Reports $918 Million First-Quarter Sales as Net Income Reaches $40 Million | AIR Stock NewsAAR Corp. reported fiscal Q1 2027 sales of $918 million, up 24% year-over-year, with GAAP net income of $40.1 million. The company also agreed to acquire a 65% controlling interest in MRO Holdings. Second-quarter sales-growth guidance, excluding Legacy Commercial Programs, is 14% to 16%.Investing.comStock Market News - Investing.com IndiaAAR Corp stock surged 6.9% in pre-open trading after announcing a $4 billion acquisition of a 65% stake in MRO Holdings and reporting a Q1 fiscal 2027 EPS beat. The deal would create the world's largest MRO provider, servicing nearly 3,000 aircraft annually, with management projecting EBITDA margins of 19-20% within three years.