We are proud to have acted as Lithuanian legal counsel to SETNA on its acquisition of a majority stake in J&C Aero – a landmark cross-border M&A transaction in the Lithuanian aerospace sector.

J&C Aero is a leading European aviation services company specializing in aircraft cabin modifications, maintenance, engineering, and production for Airbus, Boeing, ATR, Embraer, and other aircraft platforms. With its EASA-certified design, production, and maintenance capabilities, the company serves customers across Europe, North America, and the Middle East.

For SETNA, a U.S.-based global aviation platform specializing in aircraft parts, asset leasing, repair services, and aviation solutions, the acquisition is a strategic step that significantly expands its industrial capabilities and creates a truly integrated aviation aftermarket platform with global reach.

From a legal perspective, the transaction was particularly sophisticated, combining a complex cross-border M&A process with an extensive pre-sale restructuring of the target group, while coordinating advisors across multiple jurisdictions.

“The transaction also represents another important example of long-term U.S. strategic investment into Lithuania, underscoring international confidence in the country's business environment and contributing to stronger transatlantic economic cooperation,” says Laura Cereskaite-Kinciuviene, AVERUS Managing Partner and Head of aviation practice. 

A project of this scale is ultimately about people. It was a genuine pleasure working with David Chaimovitz and Tommy De Garmo from SETNA. Their strategic vision, decisive leadership, and pragmatic, fast-paced decision-making made them outstanding clients and excellent partners throughout the process.

Special thank you to our AVERUS team – Milda Simelyte, Irina Majauske, Mantas Juška, and Rokas Zaleskis – whose commitment, excellence, and teamwork were instrumental in successfully bringing this year-long transaction to completion. Outstanding work!

We also extend our sincere thanks to our fellow advisors for the excellent collaboration throughout the process: Walless, Gould & Ratner LLP, Reed Smith, Ellex, Talisman, Mazars, PwC, Plante Moran, OpenFrans, and Dillon Eustace.

Congratulations to everyone involved – we are proud to have been part of a transaction that brings together two outstanding aviation businesses and opens a new chapter for both companies.