Selling an Aviation Services business

Aviation services, deals move faster when you can explain certificates, airport access, audit history, and signing authority in plain English. Buyers want continuity plans that prevent downtime, not a surprise compliance scramble after closing.

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What buyers evaluate, and how to prepare

Will the approvals survive a change of ownership, or do we need a reissue?
Deal-critical
Approvals

What buyers determine

Buyers are trying to confirm you can keep operating without a pause after closing. They also want to see whether your authority lives in documented systems (manuals, training, records) with named coverage or whether it depends on one person. Depending on the certificate and your setup, the answer can drive the timeline, transition staffing, and even whether closing needs to be staged.

How to prepare

  • List each certificate, approval, and rating, including the entity name and required named positions
  • Write a plain-English change-of-control memo with steps, expected timing, and the FAA point of contact
  • Summarize the last audits, findings, closure dates, and what you changed to prevent repeats
  • Document required-role coverage, including deputies, training cadence, and where records are stored
Great answer
The authority sits with SkyTech Aviation Services. For Part 145, we hold Airframe and Powerplant ratings, with John Smith as accountable manager and Sarah Johnson as quality manager, plus a documented deputy for each. Over the last 24 months, we had 5 findings, all closed within 30 days, and we updated our maintenance manual to prevent recurrence. On a change of control, we expect due diligence steps over roughly 60 days, and our compliance officer owns FAA communication, so we don’t expect an operational pause.
Good answer
We can walk you through the certificate, ratings, and the named positions. We still need to write down the change-of-control steps and expected timing.
Red flag
The certificate should just transfer. We’ll deal with the FAA after closing.
How Rejigg helps:Rejigg helps you share certificates, named-role coverage, and audit history up front so buyers can plan continuity with real facts.
Do you have hangar rights and ramp access that a buyer can actually keep?
Deal-critical
Airport Access

What buyers determine

Buyers are checking whether your hangar, ramp, and airport permissions can carry through to a new owner without drama. They also look for constraints that limit throughput, like door height, bay count, tow routes, hours, security rules, and parking. If the lease is hard to assign or consent timing is unclear, closings often slip, and pricing can soften.

How to prepare

  • Gather the lease, amendments, airport rules, insurance requirements, and any side letters
  • Summarize assignment terms, consent steps, typical approval timing, renewal options, and key fees
  • Document facility constraints and what work you decline because of them
  • List badge and permit dependencies and the office that administers them
Great answer
We have a 10-year hangar lease with 5 years remaining plus 2 options to extend. Assignment requires airport authority consent, and approvals typically take about 30 days. The facility supports up to large jets with a door height of 28 feet and 5 bays, with ramp access as outlined in the operating rules. Our main constraints are limited operating hours, parking availability, and tow route restrictions, and we can share the full lease package under NDA.
Good answer
The lease has been stable, and we have good airport relationships. We haven’t recently confirmed the assignment and consent timeline.
Red flag
The airport will be fine with it. I’m not sure what the lease says about assignment.
How Rejigg helps:Rejigg lets you share lease and permit documents securely and stage access so only serious buyers see airport-sensitive details.
Are your earnings real, or are we looking at a ‘calm before the heavy check’?
Deal-critical
Financial Readiness

What buyers determine

Buyers are translating your P&L into actual cash needs and timing, including heavy maintenance cycles, engine events, avionics upgrades, tooling, and facility capex you may have deferred. They want normalized earnings with support for add-backs, plus the operational drivers behind the numbers. Clean books and credible forecasts usually protect price, especially when aviation work has lumpy events and downtime risk.

How to prepare

  • Prepare TTM and 3-year financials with an itemized add-backs schedule and backup
  • Build a 12–24-month maintenance and capex outlook, including downtime and who pays per contract
  • Show revenue and margin by service line, with labor, parts, and subcontract broken out
  • Organize lender-ready files: tax returns, statements, AR/AP aging, and key contract summaries
Great answer
Here’s our TTM SDE/EBITDA with itemized add-backs and documentation. We also mapped known maintenance and capex exposure for the next 24 months: a scheduled maintenance event in March 2024, estimated downtime 15 days, and cost responsibility per contract. By service line, margins are aircraft maintenance at 18% and ground support services at 22%, with labor, parts, and subcontract separated.
Good answer
We can explain upcoming maintenance and capex risk, and we know the big events. Our add-backs and service-line margins still need to be reconciled cleanly.
Red flag
The P&L is enough. Maintenance timing is just part of aviation.
How Rejigg helps:Rejigg pulls financials from QuickBooks and organizes diligence files in one place so you can support earnings without spreadsheet sprawl.
If you step away, what breaks first: sales, scheduling, quality sign-off, or customer trust?
Deal-critical
Owner Dependence

What buyers determine

Buyers are hunting for chokepoints that live with the owner, like signature authority, portal access, quoting judgment, comfort with the FAA and auditors, and escalation handling. In aviation, one missing authority or login can stop work and create compliance exposure. Clear backups, documented processes, and a realistic transition plan reduce risk and usually lift valuation.

How to prepare

  • List every owner-held authority and access point, and name the backup for each
  • Map who owns quoting, scheduling, production, QA, and customer communication day to day
  • Document the quote-to-work-package-to-sign-off workflow and store it in one shared location
  • Write a transition plan with milestones tied to audits, peak season, and key account handoffs
Great answer
I’m still the escalation point for AOG situations, but day-to-day is run by Sarah Thompson, our General Manager. Return-to-service and inspection sign-off are covered by John Smith and Emily Davis with documented PTO backup. Quoting and scheduling run through our proprietary software, AeroQuote, and the transition plan includes three key account introductions plus coverage through the next FAA audit.
Good answer
I’m involved in a few key areas, but the team runs most of the operation. We need to formalize backups and document a couple of workflows.
Red flag
Nothing breaks. I just keep an eye on everything, and people call me when there’s a problem.
How Rejigg helps:Rejigg’s Owner’s Guide helps you build a transition plan around signing authority, compliance roles, and key relationships aviation buyers focus on.
What keeps your techs and inspectors here, and who can you not afford to lose?
Important
People & Coverage

What buyers determine

Buyers want to see whether staffing protects throughput, compliance, and customer confidence. They also check whether required signature roles have real depth or whether knowledge is stuck with one or two people. In most shops, one inspector or lead tech leaving can cut capacity overnight, so retention plans and redundancy affect both price and deal terms.

How to prepare

  • Create a roster with qualifications, signature authority, and primary and backup coverage by role
  • Show hiring pipelines, training cadence, and where training records are maintained
  • Explain contractor use, including what they do and how you verify quality
  • Prepare a retention plan for the sale period, including key-person risk and stay bonuses if needed
Great answer
We have 25 techs and 10 inspectors, with backup coverage for every signature role. Average tenure is 7 years, and training status is tracked in our internal management system, with current records available. We use contractors only for peak seasons, and QA applies the same checklists and independent inspections. For the sale period, we have a stay-bonus plan for maintenance managers.
Good answer
The team is stable, and we know the key people. Our training and coverage documentation needs to be pulled together.
Red flag
They’re loyal. If someone leaves, we’ll hire another mechanic.
How Rejigg helps:Rejigg helps you present a clear org and coverage picture, including who can sign what and how you avoid single points of failure.
What did your last audits look like, and what’s the next one that matters?
Important
Audits & Quality

What buyers determine

Buyers treat audit history as a reality check on how your quality system performs under pressure. They look for repeat findings, slow closures, and evidence that corrective actions fixed root causes, not just paperwork. A clean, well-supported audit story reduces fear of post-close surprises, customer holds, and operational stoppages.

How to prepare

  • Summarize the last 2–3 audits (FAA, customer, and OEM), with findings and closure dates
  • Gather CAPA (Corrective and Preventive Action) logs, internal audit schedules, training evidence, and approved-supplier letters
  • Document your process for incidents, quarantine, escapes, and rework, with clear ownership
  • Build a forward calendar of upcoming audits and readiness tasks
Great answer
Our last FAA audit was September 15, 2023. We had 3 findings and closed them in 14 days, with CAPAs that changed our maintenance procedures and are still in use. Internal audits run on a quarterly cadence, and corrective actions are tracked in our Quality Management System. The next key review is December 1, 2023, for Boeing, and we have a readiness checklist with an owner for each item.
Good answer
We’ve passed audits and can talk through the main findings. We still need to consolidate closure evidence and CAPA support.
Red flag
Audits are fine. I don’t keep those reports; QA has them somewhere.
How Rejigg helps:Rejigg’s data room keeps audit reports and CAPA evidence organized so diligence stays factual and quick.
If you touch parts, what percentage of stock is fully traceable and sale-ready today?
Important
Inventory Traceability

What buyers determine

Buyers want to confirm inventory value is real and compliant, based on condition and trace paperwork, not a price list. They also check movement and discipline around quarantine and write-downs. Inventory that is missing trace, tied to aging platforms, or rarely moves often gets discounted hard, which can change working capital targets and purchase price.

How to prepare

  • Prepare an item-level inventory list with condition, trace status, and last-moved date
  • Bucket inventory into fast, slow, and non-movers, and propose write-downs with rationale
  • Document receiving inspection, quarantine controls, and where trace docs are stored
  • Separate consignment and customer-owned parts from owned inventory
Great answer
We have 5,000 SKUs. 85% are fully traceable and sale-ready, and the paperwork is stored in our inventory management system. Movement breaks down as fast movers 60%, slow movers 30%, and non-movers 10%, with proposed write-downs totaling $150,000. Quarantine is tracked and only released after a thorough inspection and approval process. Consignment and customer-owned parts are labeled and excluded from owned inventory.
Good answer
Most inventory is traceable, and we can provide a list. We haven’t finished a movement analysis or formal write-down review.
Red flag
Inventory is worth what it’s on the books for. If it’s on the shelf, it’s worth that.
How Rejigg helps:Rejigg lets you share inventory schedules and trace support in a controlled way so buyers can diligence value early, before price renegotiations.
How dependent is revenue on one airport, one program, or one platform?
Important
Revenue Drivers

What buyers determine

Buyers look beyond customer names to aviation concentration, including platforms, fleets, OEM programs, prime contracts, and a single-airport footprint. They want to understand how fast revenue could drop if a platform sunsets, a contract recompetes, or airport access rules change. Clean driver-level reporting signals you know what truly drives demand, and you have realistic diversification paths.

How to prepare

  • Break revenue down by customer, aircraft type or platform, and airport or station
  • List the top concentration risks and a mitigation plan with specific adjacent platforms or services
  • Track renewal and recompete dates, including approved-supplier and program dependencies
  • Document leading indicators you watch that show demand shifting early
Great answer
Top customer concentration is 30%, but the bigger driver is platform: Boeing 737 is 45% of revenue, and Los Angeles International Airport is 25%. We added capability for ground handling services, including tooling and training, and we’re targeting regional airlines to diversify. Key renewal and recompete dates are January 15, 2024, and June 30, 2024, and we review customer satisfaction scores monthly.
Good answer
We know our main platform and airport exposure. We haven’t packaged the breakdown and mitigation plan with clean numbers yet.
Red flag
We have lots of customers, so we’re not concentrated. Platform and airport exposure doesn’t matter.
How Rejigg helps:Rejigg helps you show platform, program, and station-level drivers so the right aviation buyers can underwrite concentration risk quickly.
How do you actually win work: AOG calls, RFQs (Request for Quotes), OEM networks, or relationships?
Good to have
Sales Engine

What buyers determine

Buyers want to understand whether demand is repeatable and owned by the company, including who covers AOG intake, RFQ response, OEM portals, and account management. In aviation, speed and reliability often win, so buyers look for measurable performance like response time, turnaround time, and win rate. A documented, role-owned process makes post-close retention and growth more likely.

How to prepare

  • List lead sources and assign an owner for each channel
  • Track response time, quote-to-win, and turnaround time with a few recent examples
  • Document onboarding and account management responsibilities by role
  • Write a top-accounts handoff plan with introductions and escalation paths
Great answer
Work comes from four channels: 30% AOG (Aircraft on Ground), 25% RFQ (Request for Quotation), 20% OEM/referral, and 25% repeat fleet. Channel owners are Account Managers, and we track quote-to-win at 45% and median RFQ response time at 12 hours. Top accounts have a set cadence and an escalation path that the team can run without me.
Good answer
We know where leads come from and who handles them. We don’t track response time and win rate consistently.
Red flag
We don’t sell. People just call us because of reputation.
How Rejigg helps:Rejigg keeps buyer Q&A, messaging, and scheduling in one place so you can prove a repeatable sales engine with real examples.

Straight from buyer evaluations

“The certifications and clearances they've built up over the years are things you just can't go out and buy. Combined with multi-year government contracts and a team that already has the right credentials, this is a rare find.”
Valuable CertificationsBuyer impressed by certifications at an aviation services company
“When I looked at the contract renewal history across four agencies, I could see these weren't one-off projects. These are long relationships with a track record of winning renewals. That tells you something about the quality of the work.”
Long-Standing ContractsBuyer reviewing government contracts at an aviation company
“They have the in-house authority to inspect and sign off on parts without waiting for outside inspectors. That's a bottleneck that slows down most smaller aviation companies, and this one has already solved it.”
In-House CapabilitiesBuyer analyzing an aviation parts distributor
“Over 100,000 parts in inventory, all properly tracked and documented. The sourcing relationships that feed that inventory have been built over a decade. You don't build something like that overnight.”
Well-Managed InventoryBuyer evaluating an aftermarket aviation parts company
“The operations director and chief pilot have been running flights for six years without the owner getting involved in day-to-day operations. I'm buying a business with real depth and a team that knows what they're doing.”
Team IndependenceBuyer reviewing a charter operation

How buyers value this type of business

Where you land in that range depends on whether your certifications and key roles transfer cleanly, how much revenue is locked into multi-year contracts, and how much the business runs without you.

3x–8x
annual profit
Depending on certifications, contracts, and team depth

What drives a premium

  • Certifications and clearances that transfer with the business
    FAA certificates, facility clearances, and quality certifications that stay with the company are extremely valuable because they take years and significant investment to earn.
  • Multi-year contracts with renewal history
    Long-term contracts with government agencies or commercial clients, especially with a track record of renewals, give buyers confidence in future revenue.
  • Trained, credentialed team members
    Mechanics, engineers, and pilots with the right certifications and experience who will stay through the transition show buyers a business that runs without the owner.
  • Well-tracked parts inventory
    Aviation parts with proper documentation and consistent sales are valuable assets that buyers can rely on.

Common add-backs

Your salary above what you'd pay someone to manage the operationPersonal aircraft usage or flight hours mixed into business costsFamily members on payroll who won't continue after the saleOne-time costs for earning certifications or clearances that are now in place

What the process looks like

5–8 months from listing to closemedian 201 days across closed deals
  1. 1
    Listing
    The day your business goes live on Rejigg.
  2. 2
    First messageMedian: 4 days later
    A buyer requests a conversation by sending a first pitch.
  3. 3
    First callMedian: 7 days later
    Your first completed call with a buyer to answer questions about your business.
  4. 4
    Letter of intentMedian: 59 days later
    A buyer submits an LOI and you choose to accept, decline, or negotiate.
  5. 5
    Deal closeMedian: 89 days later
    Assuming all is well in due diligence, you close the deal.
See the data behind this timeline in the 2026 Insight Report
Typical buyer types
Aviation companies looking to expand their services or add locationsCompanies in related aviation fields wanting to add new capabilitiesExperienced aviation professionals looking to acquire an existing operation with certifications already in placeFirst-time buyers with military or defense aviation backgrounds who want to own their own operation

Common questions about selling an Aviation Services business

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