Altitude Parts Acquires Fly Alliance Inventory and Warehouse Operations in Orlando, Gaining $150M in Assets and 42,000 Aircraft Parts

Altitude Parts has acquired Fly Alliance's aircraft parts inventory and warehouse operations in Orlando, Florida, adding more than $150 million in assets and approximately 42,000 individual aircraft parts to its holdings. Financial terms of the transaction were not disclosed.

The acquired inventory includes components sourced from 156 aircraft disassemblies. The operation generates more than $60 million in annual sales and comes with established sales, operations, warehouse and logistics teams, which Altitude Parts says it will retain. Manny Perez, who has worked with the operation for more than seven years, has been promoted to president and partner of Altitude Parts, a move intended to provide continuity of leadership and customer relationships through the ownership change.

During August, Altitude Parts is bringing six additional aircraft disassembly projects to market, including three Gulfstream IVSP aircraft, a Hawker 400XP, a Falcon 50, and its first Hawker 4000. Altitude Parts is owned by Cove Capital Investments, founded in September 2025 by Kevin Wargo and Samantha Nunez, which also holds an interest in Sky Travel Solutions, an aircraft management and charter business with 12 aircraft under management. Wargo said the acquisition represents an important step in the company's vision, citing the acquired inventory, experienced workforce and existing global customer relationships as a foundation for further expansion.

This deal shows how the used-parts supply chain keeps consolidating around disassembly programs rather than new-manufacture stock, with buyers acquiring existing inventory, warehouse infrastructure and trained teams in one move instead of building capacity from scratch. Retaining the Orlando operation's staff and customer relationships suggests the value in these transactions sits as much in operational continuity as in the parts themselves.

The aftermarket parts segment depends on a steady pipeline of disassembly projects to keep inventory current, and Altitude Parts' plan to bring six more aircraft to disassembly in August, spanning Gulfstream, Hawker and Falcon types, signals an effort to broaden component availability quickly after the acquisition. Ownership by Cove Capital, which also holds a stake in an aircraft management and charter operator, points to a broader private-aviation services strategy rather than a standalone parts play.

Whether the combined Orlando operation can sustain or grow its stated $60 million in annual sales as new disassembly projects come online will be the clearest signal of how the integration is progressing.