{"id":116480,"date":"2026-10-28T10:58:20","date_gmt":"2026-10-28T14:58:20","guid":{"rendered":"https:\/\/livingstonepartners.com\/?post_type=insights&#038;p=116480"},"modified":"2026-10-28T10:58:20","modified_gmt":"2026-10-28T14:58:20","slug":"aerospace-industry-2026-why-buyer-appetite-is-back-and-which-assets-command-a-premium","status":"publish","type":"insights","link":"https:\/\/livingstonepartners.com\/zh-hans\/insights\/aerospace-industry-2026-why-buyer-appetite-is-back-and-which-assets-command-a-premium\/","title":{"rendered":"Aerospace industry 2026: why buyer appetite is back (and which assets command a premium)"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>In an article for\u00a0<em>Avion Revue<\/em>\u00a0magazine (special issue\u00a0<em>Industria Aeron\u00e1utica 2026<\/em>, May 2026), <a href=\"https:\/\/livingstonepartners.com\/zh-hans\/team-member\/juan-romero\/\">Juan Romero Turel<\/a>, Partner at Livingstone, analyses the shift in the aerospace M&amp;A cycle in Spain. In 2025, the Spanish M&amp;A market saw fewer deals than the previous year, yet aerospace was one of the sectors whose metrics improved.<\/strong><\/p>\n\n\n\n<h4 id=\"h-aerospace-m-amp-a-returns-to-a-buyer-s-cycle\" class=\"wp-block-heading\">Aerospace M&amp;A returns to a buyer\u2019s cycle<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Industry figures explain part of the interest: Airbus ended 2025 with a record backlog of 8,754 aircraft, and Boeing posted its best year for deliveries since 2018. Rising defence spending and a shortage of qualified industrial capacity add to the picture.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, as&nbsp;<strong>Juan Romero<\/strong>&nbsp;warns, the return of buyer appetite does not mean the market pays a premium blindly:&nbsp;<em>\u201cThe premium is not paid for carrying an aerospace or defence label \u2014 although that helps \u2014 but for being hard to replicate.\u201d<\/em><\/p>\n\n\n\n<h4 id=\"h-what-the-article-covers\" class=\"wp-block-heading\">What the article covers<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The three factors behind investors\u2019 return to the aerospace and defence sector.<\/li>\n\n\n\n<li>Which types of company, from MRO and aftermarket to Tier-2 and Tier-3 suppliers, are achieving premium valuations, and why.<\/li>\n\n\n\n<li>What buyers require in defence and dual-use technologies.<\/li>\n\n\n\n<li>The element that carries more weight than ever in company valuations in 2026.<\/li>\n\n\n\n<li>Key considerations for owners and shareholders thinking about selling an aerospace business, and why\u00a0<em>\u201cthe premium is not negotiated: it is built.\u201d<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Article published in<\/em>\u00a0Avion Revue,\u00a0<em>special issue<\/em>\u00a0Industria Aeron\u00e1utica 2026,\u00a0<em>May 2026.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Livingstone Partner Juan Romero analyses in Avion Revue why buyer appetite is returning to aerospace and which assets command a premium.<\/p>\n","protected":false},"author":12,"featured_media":116479,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2755,2757],"tags":[],"sector":[534,571],"service":[],"class_list":["post-116480","insights","type-insights","status-publish","has-post-thumbnail","hentry","category-thought-leadership","category-in-the-press","sector-industrial","sector-aerospace-defense"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Aerospace industry 2026: why buyer appetite is back (and which assets command a premium) - Livingstone Partners<\/title>\n<meta name=\"description\" content=\"In Avion Revue, Livingstone Partner Juan Romero analyses the rebound in aerospace M&amp;A in Spain and which companies command a premium.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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