Altitude Parts has acquired Fly Alliance’s aircraft parts inventory and warehouse operations, strengthening its position in the global aviation aftermarket.
The acquisition expands Altitude Parts’ operations at its Orlando, Florida facility, where the company now holds more than $150 million in assets. Its inventory includes parts from 156 aircraft disassembly projects and more than 42,000 individual aircraft components.
As part of the transition, aviation industry executive Manny Perez has been promoted to President and Partner of Altitude Parts. Perez has been with the operation for more than seven years and will continue overseeing the company’s sales, operations, warehouse and logistics teams. The business generates more than $60 million in annual sales.
Altitude Parts is also expanding its inventory pipeline. During August, the company is bringing six additional aircraft disassembly projects to market, including three Gulfstream IVSP aircraft, a Hawker 400XP, a Falcon 50 and its first-ever Hawker 4000 disassembly.
The acquisition comes amid continued demand for serviceable aircraft parts as operators seek cost-effective solutions for maintaining ageing commercial, business and private aircraft. Aftermarket suppliers are playing an increasingly important role in supporting aircraft operators and the broader aviation supply chain.
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Altitude Parts is owned by Cove Capital Investments, which was founded in September 2025 by Kevin Wargo and Samantha Nunez. Cove Capital also holds an ownership interest in Sky Travel Solutions, an aircraft management and charter company with 12 aircraft under management.
Kevin Wargo, co-founder of Cove Capital Investments, said the acquisition provides Altitude Parts with a strong platform for further growth, combining significant inventory with an experienced team and established customer relationships.
With more than 50 years of combined leadership experience across private aviation and aircraft parts, Altitude Parts aims to expand its global presence while maintaining a focus on responsive and specialised aftermarket support.
