GEK TERNA Makes Major Move into Aviation – Acquisition Paves Way for Greek MRO Hub

The Greek infrastructure and energy group has acquired a majority stake in GA Aviation Services, aiming to establish an internationally competitive aircraft maintenance, repair and overhaul centre. The investment builds on partnerships with Airbus, Rheinmetall and Shield AI, strengthening Greece's position in the aviation services industry.

Greek infrastructure and energy conglomerate GEK TERNA is expanding its activities into the aviation industry through the acquisition of a majority stake in GA Aviation Services, one of Greece’s leading providers of aircraft maintenance, repair and technical support services.

The investment represents another step in the group’s strategic diversification into technologically advanced sectors and follows its cooperation with major international companies, including Airbus, Rheinmetall and Shield AI.

At the heart of the initiative is an ambitious plan to establish a Greek aviation Maintenance, Repair and Overhaul (MRO) hub capable of providing comprehensive technical services to domestic and international customers.

The project aims to develop an integrated platform covering aircraft and helicopter maintenance, upgrades, repairs and technical support throughout their operational life cycles.

The Strategic Vision Behind the Acquisition

GEK TERNA’s acquisition goes beyond securing a controlling interest in an established aviation services company.

The group intends to create a comprehensive technical support platform capable of meeting the increasingly sophisticated requirements of the aviation industry.

The proposed MRO hub will focus on aircraft maintenance, repair, upgrades and specialised technical services, bringing together infrastructure, certified operations and highly skilled personnel.

Through GA Aviation Services, GEK TERNA gains access to existing facilities, technical expertise, regulatory approvals and international industry relationships.

These assets provide a foundation for further expansion in a sector where operational reliability, technical certification and long-term customer relationships are critical.

The investment also reflects GEK TERNA’s broader ambition to strengthen its presence in high-value-added industrial and technological activities.

GA Aviation: More Than Four Decades of Aviation Expertise

GA Aviation Services brings over 40 years of experience in the maintenance and technical support of helicopters and fixed-wing aircraft.

The company operates specialised aviation facilities in the wider Athens region, including:

• A 33,000-square-metre heliport.
• A 1,200-square-metre aircraft hangar in Koropi.
• A 1,700-square-metre technical maintenance base at the Pachi Civil Airport in Megara.

These facilities support a broad range of maintenance and technical operations for different categories of aircraft.

GA Aviation holds EASA Part-145 and CAMO certifications, enabling it to provide regulated aircraft maintenance services and continuing airworthiness management.

Its technical capabilities include aircraft repairs, avionics support, structural maintenance, component services and other specialised engineering activities.

The company’s established infrastructure and regulatory approvals are expected to play a central role in GEK TERNA’s plans for the development of a larger aviation services ecosystem.

International Partnerships with Leonardo, Airbus and Cessna

One of GA Aviation Services’ key competitive advantages is its network of relationships with internationally recognised aircraft manufacturers.

The company operates as an authorised technical support centre for several major aviation brands, including:

• Leonardo Helicopters, the Italian helicopter manufacturer.
• Textron/Cessna, the American general aviation manufacturer.
• Diamond Aircraft, the Austrian aircraft manufacturer.
• Cirrus, the US-based aircraft manufacturer.
• Airbus, the European aerospace group.

These partnerships allow GA Aviation to support a variety of aircraft platforms while maintaining a presence in international aviation markets.

For GEK TERNA, the relationships provide an established commercial and technical foundation from which to expand the company’s services.

They also create opportunities to strengthen cooperation with manufacturers, operators and aviation customers seeking certified maintenance solutions.

Expansion of Facilities, Certifications and Skilled Workforce

GEK TERNA plans to invest further in GA Aviation’s infrastructure, technical certifications and specialised workforce.

The objective is to transform the company into the principal technical and operational arm of a broader domestic aviation ecosystem.

The expansion strategy includes upgrading existing facilities, developing additional technical capabilities and strengthening the company’s ability to support increasingly complex aircraft maintenance requirements.

Special emphasis will also be placed on the development of specialised training services.

By combining technical support operations with workforce development, the group aims to create a more integrated aviation services platform.

The approach could support the concentration of aviation expertise in Greece while increasing the country’s capacity to serve international aircraft operators.

A New Position for GEK TERNA in the Aviation Industry

The acquisition of GA Aviation Services marks a significant development in GEK TERNA’s strategy to diversify beyond its established infrastructure, construction and energy activities.

Following its partnerships with international aerospace, defence and technology companies, the group is now securing a majority stake in an operating aviation services business with established facilities and technical capabilities.

The long-term objective is to position GA Aviation as a central provider of aircraft and helicopter technical support, offering services that meet international industry standards.

The company is expected to become an integral part of a wider Greek aviation ecosystem, combining maintenance, repair, operational support and specialised training.

The scale and pace of the expansion will depend on the implementation of the planned investments in infrastructure, personnel and certifications.

For GEK TERNA, the acquisition establishes a new platform for growth in the aviation industry, with the potential to strengthen Greece’s role in the international market for aircraft maintenance and technical services.

Source: pagenews.gr