Altitude Parts, a global provider of aircraft parts, engines and aftermarket solutions, has acquired Fly Alliance's aircraft parts inventory and warehouse operations, marking a significant expansion of the company's presence in the global aviation aftermarket.

Operating from its facility in Orlando, Florida, Altitude Parts now houses more than $150 million in assets, including inventory from 156 disassembly aircraft and more than 42,000 individual aircraft parts.

As part of the transition, longtime aviation 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 to lead its experienced sales, operations, warehouse and logistics teams, which support more than $60 million in annual sales.

Altitude Parts is already expanding its available inventory. During August, the company is bringing six additional aircraft disassembly projects to market, including three Gulfstream IVSP aircraft, one Hawker 400XP, one Falcon 50 and Altitude Parts' first-ever Hawker 4000 disassembly.

The acquisition comes at a time when demand for high-quality serviceable aircraft parts continues to play an important role in the global aviation supply chain. As commercial, business and private aircraft age, operators increasingly rely on trusted aftermarket providers for cost-effective access to quality parts and components.

Altitude Parts is owned by Cove Capital Investments, 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 operation with 12 aircraft under management.

“Acquiring the Fly Alliance parts inventory and warehouse operation represents an important step in our vision for Altitude Parts,” shares Kevin Wargo, co-founder of Cove Capital Investments. “We see tremendous opportunity in the aviation aftermarket, and this acquisition gives us an exceptional platform for growth with significant inventory, an experienced team and established relationships with customers around the world. With Manny leading Altitude Parts as president and partner, we're positioned to expand our capabilities while continuing to deliver the quality, responsiveness and service our customers expect.”

Backed by more than 50 years of combined leadership experience in private aviation and aircraft parts, Altitude Parts is focused on expanding its global reach while maintaining the speed, expertise and personalised service its customers depend on.

While the name and ownership have changed, the relationships, knowledge and experience behind the operation remain in place. Altitude Parts will continue serving customers worldwide, providing access to aircraft parts, engines and responsive aftermarket support across the global aviation industry.