CHANDLER, Ariz. — AvAir, an industry leading inventory solutions provider for the aviation aftermarket, has been named on Phoenix Business Journal’s Arizona Corporate Excellence Awards “Top 25 Fastest Growing Companies” List. AvAir’s two-year revenue growth earned the company a ranking of 14 of the fastest growing companies in the state.

“We’re thrilled to be named on this highly respected list,” said Mike Bianco, CEO of AvAir. “AvAir has made huge strides in growth over the last two years and we’re excited to continue to make acquisitions around the world that allow us to provide top notch service to our clients.”

Arizona Corporate Excellence Awards is the only program highlighting the market’s biggest privately held companies. To qualify, companies must be independently owned, privately held and based in Arizona. It also needs to have met minimum revenue of at least $7 million in each of the two most recent fiscal years.

AvAir offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. The company is ISO 9001, AS9120 and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales and shipping. AvAir recently expanded operations to Dublin, offering better service to customers in Europe, Asia and the Middle East.

For more information about AvAir, visit AvAir.aero.

About AvAir

Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs.  AvAir, offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts.  For more about AvAir, visit AvAir.aero.

CHANDLER, Ariz. AvAir, an industry leading inventory solutions provider for the aviation aftermarket, has partnered with Icelandair on an asset management contract for all surplus materials including a variety of Boeing parts.

Icelandair has been in operation for 83 years and has more than 44 destinations, 524 connections and 4.4 million passengers traveling internationally. Icelandair Group’s fleet comprises 51 aircrafts with 34 attributed to Icelandair.

“Creating new relationships has always been critical to AvAir, but the pandemic has made them more important than ever,” said Mike Bianco, CEO of AvAir. “Many airlines are looking for creative inventory solutions during this time of uncertainty and it is an honor to work together and custom-fit solutions to meet these challenges.”

With this transaction, AvAir has added a wide range of Boeing aircraft material to its inventory including 757, 767, 737NG and 737MAX. The parts will be stored in AvAir’s Dublin facility with many parts already in stock and more to arrive soon.

“AvAir took the time to understand our company and develop an agreement that meets our needs,” said Eiríkur Smári Vilhjálmsson, Icelandair’s Manager of Materials and Logistics. “Their transparency and customer service confirmed that we selected a great partner for this endeavor.”

“We’re thrilled to begin this partnership with Icelandair,” said Fjalar Scott, AvAir’s Vice President of Sales for Europe, the Middle East and Africa. “Adding these parts to our inventory in Dublin allows us to quickly provide the best materials for our clients on this side of the world and in turn helps boost the local economy.”

AvAir offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. The company is ISO 9001, AS9120 and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales and shipping. AvAir recently expanded operations to Dublin, offering better service to customers in Europe, Asia and the Middle East.

For more information about AvAir, visit AvAir.aero.

About AvAir

Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs.  AvAir, offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts.  For more about AvAir, visit AvAir.aero.

About Icelandair 

Icelandair is a leading airline offering flights to and from Iceland, and an attractive option for cross-Atlantic flights. Icelandair provides safe, reliable flights and exceptional service on flights to metropolitan areas on both sides of the Atlantic. The airline operates out of Iceland and uses the country’s geographical location midway between North America and Europe as an opportunity to build an ever-growing network of international routes with Iceland as a hub. Icelandair is a part of Icelandair Group.

CHANDLER, Ariz. — AvAir, an industry leading inventory solutions provider for the aviation aftermarket, has purchased the complete surplus inventory of Aerolíneas Argentinas, Argentina’s largest airline and the country’s flag carrier. The inventory consists of 45,000 line items of rotable and consumable material from Aerolíneas Argentinas retired fleets.

“The coronavirus pandemic disrupted the airline industry and has given us an opportunity to provide companies liquidity when they need it most,” said Mike Bianco, CEO of AvAir. “This acquisition is our largest yet and will allow us to continue to deliver excellent service to our more than 2,700 customers around the world.”

With this transaction, AvAir has added a wide range of Boeing and Airbus aircraft material to its inventory.

“We are very pleased with this arrangement with AvAir, which allowed us to monetize our unused assets, providing additional liquidity for our operation,” says Pablo Cichinelli, Supply Chain Manager of Aerolíneas Argentinas.

“We’re known for creating customized inventory solutions that meet our client’s specific needs and acquiring new parts is vital to our business,” said Marcelo Magalhaes Dos Santos, AvAir’s Director of Business Development for Latin America. “With a growing inventory of more than 26 million rotable and consumable components, we can consistently offer best-in-industry pricing.”

AvAir offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. The company is ISO 9001, AS9120 and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales and shipping. AvAir recently expanded operations to Dublin, offering better service to customers in Europe, Asia and the Middle East.

For more information about AvAir, visit AvAir.aero.

About AvAir

Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs. AvAir, offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. For more about AvAir, visit AvAir.aero.

About Aerolíneas Argentinas

Aerolineas Argentinas is the leading company in the Argentine air market since 1950. It flies to 37 destinations within the country and has a wide network of federal inter-freight and corridors. It also operates 18 destinations within America and Europe. It is part of SkyTeam along with 19 airlines in the world, being the only member company in the region. Through this, this alliance offers its passengers connectivity to 1,062 destinations in 117 countries, among other benefits.

Inc5000_Medallion_Color

CHANDLER, Ariz. – AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has been named on Inc. 5000 “Fastest Growing Companies in America” list for a third year. AvAir’s three-year revenue growth of 106.36% earned the company a ranking of 3501 out of 5000 of the fastest growing companies in the nation.

The list, which ranks 5,000 companies by their three-year revenue growth rates, is comprised of businesses of all sizes and functions. To qualify, companies must be independently owned, privately held and based in the U.S. It also needs to have met minimum revenue thresholds of $100,000 in 2016 and $2 million in 2019. Many household names like Microsoft, Under Armour and Zillow gained their first national exposure on the Inc. 5000 list.

“This is a very respected list and we couldn’t be more thrilled to be included once again,” said Mike Bianco, CEO of AvAir. “We currently service 2,700 customers in 181 countries and are consistently working to continue that growth with strategic acquisitions and the top-notch service we’re known for in the aviation industry.”

AvAir offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. The company is ISO 9001, AS9120 and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales and shipping. AvAir recently expanded operations to Dublin, offering better service to customers in Europe, Asia and the Middle East.

For more information about AvAir, visit AvAir.aero.

About AvAir
Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs. AvAir, offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. For more about AvAir, visit AvAir.aero.

Mike Bianco

A group of 40 talented individuals shine a light on the future for the aviation finance and leasing industry during a period of unprecedent stress.

Airline Economics, the flagship publication dedicated to the commercial aviation finance and leasing industry owned by Aviation News Ltd, has announced the 2020 40 under 40 group.

“This has been period of unprecedented challenges for the aviation finance and leasing community but considering the wealth of young talent demonstrated by the record number of nominees to the Airline Economics 40 under 40 group, this industry – famed for its innovation and triumph under stress – is in safe hands,” says Victoria Tozer-Pennington, editor and co-founder of Airline Economics.

All of the individuals named to the top 40 under 40 group for 2020 have been nominated by their peers, colleagues and clients in recognition of their skills, achievements and dedication to the industry.

Although the 40 under 40 group is not ranked, Airline Economics does present its Future Leader award to the individual with the most and most impressive nominations from clients. This year’s recipient is John McInerney, the managing director of Phoenix American Financial Services’ aviation ABS managing agent operations based in Shannon, Ireland. John has been singled out for recognition with a record number nominations from peers, clients and industry grandees, who all highlighted his professionalism, remarkable leadership qualities and “can do” attitude. John has been applauded by clients and colleagues even more recently during the pandemic crisis for remaining calm under pressure and showing even greater leadership abilities.

In 2020, the Highly Commended designation was also awarded to three individuals to recognise the calibre of their supporting nominations. These are: Kevin VanDenBerg, Vice President – Asset Management at Aero Capital Solutions; Mike Bianco, Chief Executive Officer of AvAir; and Mike Draz, Shareholder, Global Transportation Finance, Vedder Price.

Given the extraordinary circumstances, this year we asked all the successful individuals to comment on the current crisis and their hopes for the future. All were confident in the ingenuity of the people working in the industry and that travel would resume. And almost all expressed their hopes that the industry would continue on its drive to become more sustainable.

“The comments from this year’s group were extremely heartening during a bleak time for the industry, with many expressing their complete confidence that the industry will rebound and come back stronger than ever, albeit with the desire that lessons should be learned from this crisis to rebuild a more sustainable and resilient industry that looks to the longer-term future,” says Victoria.

For the first time this year, all 40 under 40 members were given the opportunity to nominate an individual or individuals that have acted as a mentor or inspiration during their career in the aviation industry. The response was overwhelming, allowing us to compile the first Airline Economics Mentors group for 2020. “We have often been requested light-heartedly to compile and 60 over 60 list,” adds Victoria. “Tthis year, our list of mentors does recognise those veterans of the industry who have given back by promoting and assisting the next generation of executives to take aviation into the next decade and beyond.”

Congratulations to all members of the Airline Economics 40 under 40 group for 2020. The Airline Economics team looks forward to celebrating with them all when the recovery is well under way.

Full Airline Economics article link: https://www.aviationnews-online.com/airline-economics-40-under-40/

CHANDLER, Ariz. – After nearly four years as AvAir’s Senior Vice President of Finance, Robert Knox has been promoted to Chief Accounting Officer.

During his time as SVP of Finance, Knox increased access to capital, financed a management buyout and significant inventory purchases, established a European subsidiary, upgraded the 410K plan and developed an exceptional finance organization. As CAO, Knox will continue to position AvAir as a top aviation parts supplier globally.

Knox joined AvAir in 2016 as a corporate finance veteran with 20 years of experience at Fortune 50, start-up, rapid growth and high-tech companies. Early in his career, he spent 12 years at Intel Corporation where he was the finance manager for their $5 billion internet components business and then finance executive for the $15 billion procurement group. Knox left Intel to join a renewable energy startup where he managed an international $3 billion factory network expansion.

In 2013, Knox brought his passion for supply chain operations to the aircraft industry when he joined a leading international provider of advanced carbon fiber for aircrafts. He is an active volunteer in community organizations and a graduate of Arizona State University with an MBA in finance and a BS in mathematics.

About AvAir

Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs. AvAir offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. For more about AvAir, visit AvAir.aero.

Headshot_BIANCO_FM-7517_MIKE_HS_COLOR_8x10_WEB

AvAir, the company providing strategic solutions for aircraft aftermarket recently completed 20 years in the industry. On this occasion, MRO Business Today assistant editor, Swati.k had a candid chat with Mike Bianco, CEO of AvAir about his journey in the aviation industry over the past two decades, the challenges he faced during the COVID-19 pandemic, their mantra for survival and much more. Read On!

Q – AvAir recently completed 20 years in business aviation. What can you tell about your experiences to our readers about the journey so far?

A – The aviation industry, like a lot of industries, is very cyclical in nature. As the first employee of AvAir in 2000, I have been there every step of the way through the really great years and the significant economic downturns like 9/11 or the Great Depression. My roles over the last 20 years at AvAir gave me a unique perspective to understand the inner workings of AvAir and the industry overall and how to prepare for times of uncertainty.

Q – Can you tell us about your most challenging experience that you’ve faced and how did you tackle it?

A – The coronavirus pandemic is the most challenging experience that I’ve ever faced. There have been a lot of challenges with specific aspects of the business, but I know we’re not alone in this. Unfortunately, it’s affected everyone in the industry and around the world. At AvAir, we anticipate and plan ahead for the next downturn and have adequate cash reserves to weather the storm.

Q – Over the many years since its inception, AvAir has maintained a robust employee retention rate of 80 percent. Will the post-COVID-19 pandemic have an influence on the employee retention strategy of AvAir?

A – By planning ahead and having our finances strong, we have not only weathered the storm, but retained all of our employees and continued to hire. I believe we’re through the worst of the pandemic and we’re not planning to change that percentage anytime soon.

Q – Was aviation always your first choice of career? What advice would you give to the current students pursuing aviation as their dream?

A – Aviation wasn’t my first choice of career; I actually stumbled into it by chance. The best part about the aviation industry is that there are so many different aspects to the industry that are fascinating and rewarding. There are so many different facets that can be wonderful careers. Elon Musk once said that there are too many talented people in finance and law and that we need more people making things and I agree wholeheartedly. We need to encourage more talented people to be creators.

Q – How is AvAir dealing with the current crisis?

A – Our partnership with Corrum Capital Partners ensures that we are well capitalized and able to make strategic investments during an economic downturn. This allows us to be better positioned to serve customers and take care of our team. In addition, before the coronavirus stimulus was passed including the Paycheck Protection Program, we provided all of our employees a USD 500 bonus to use at their favourite local businesses as an effort to help small businesses survive during these unprecedented times. From there, activities like virtual workouts and training were implemented to keep up employee morale while the team worked from home to accommodate for social distancing.

Q – How soon according to you will the global aerospace industry bounce back in this COVID-19 pandemic situation?

A – Based on what we’re seeing on the aftermarket side of the industry, I believe we’re still a few years away from a full recovery, but will see a 50-60 percent recovery by the end of the year. We will be busy as we continue to recover and all of the planes that have been parked during the pandemic will need to be brought back into service.

Q – In today’s times, when many of our industry colleagues are facing business losses, pay-cuts, or event downsizing, what is your mantra for survival in the crisis?

A – My mantra for survival in the crisis is “improvise, adapt, and overcome.” It’s a slogan from the Marine Corps that I recently heard and really stuck with me. We can plan for the future all we want, but things might go differently than anticipated. We’re experiencing that now and using our experiences to adapt and come out the other side a better company than before the pandemic.

 

Full MRO Business Today article link: https://www.mrobusinesstoday.com/improvise-adapt-and-overcome-mike-biancos-secret-to-success-exclusive-interview

 

Ingimar Bio Pic

Ingimar Trausti Jónsson (Ingi) brings an extensive widebody engine experience to AvAir and joins the Company as Director – Powerplants.

Prior to joining AvAir, Ingimar was responsible for managing all aspects of engine-related activities for Air Atlanta Icelandic as its Director of Powerplants, a position he held for the last 5 years.

Ingimar has had a focus on commercial aircraft engines during his entire career.  After graduating with a Bachelor´s degree in Mechatronics Engineering from Reykjavik University, Ingimar began in aviation as a Powerplant Engineer at Icelandair.  After that, Ingimar moved to Air Atlanta Icelandic as Powerplant Engineer, a position he held for several years before being promoted to run the airlines’ Powerplant Department.

Ingimar lives in Iceland with his wife and three children. During his off time, Ingi is usually found either on his bike or running like the wind!

Ingimar will be a valuable addition to the continued growth of AvAir’s Engine Group. Connect with him at Ingimar.Jonsson@AvAir.aero.

AvAir exterior pic 2020 (2)

CHANDLER, Ariz. – AvAir, an industry leading inventory solutions provider for the aviation aftermarket, continues to be recognized as a global authority by earning the No. 2 position on The Aviation 100’s “Parts Supplier of the Year” rankings.

 The Aviation 100 recognizes the year’s most outstanding performers in the aerospace industry and awards ranks the top ten performers in each category. Parts Supplier of the Year is judged on the following criteria: parts stocked, clients on books/new clients in the past 12 months, locations/number of employees, ability to source, supply and timescale; plus, results from the Aviation News survey. AvAir was also awarded No. 2 Parts Supplier of the Year in 2017 and 2018, but in 2020 closed the gap between the No. 1 position to 2%.

 “We’re thrilled to be featured in The Aviation 100 Awards,” said Mike Bianco, CEO of AvAir. “The past year has been strong for AvAir and we look forward to continuing to make strategic acquisitions and providing the excellent customer service we’re known for.”

 AvAir offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. The company is ISO 9001, AS9120, and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales, and shipping. AvAir recently expanded operations to Dublin, Ireland, offering better service to customers in Europe, Asia, and the Middle East. Within his first year as CEO, Bianco has grown AvAir revenue organically by 34% and has acquisitions planned for the near future.

Mike Bianco Men of Chandler-page-001

Mike Bianco
CEO, AvAir

When the COVID-19 pandemic reached the United States and Arizona issued a stay-at-home order, Mike Bianco, CEO of AvAir, handed each of his employees $500 bonus to spend at small and local businesses in the community.

Bianco was the first employee of AvAir, which was launched in 2000 by his brother-in-law. Today, it has 2,400 customers in 118 countries.

The most rewarding part of what he does, he says, is seeing his team happy.

“Whether we host a group workout or provide lunch from a local food truck, they’re always excited to spend time together and enjoy each other’s company. The happier they are, the more I want to do for them,” he says.

He also volunteers with the community, and is a member of The Thunderbirds.

He and his wife, Candace, are also involved in People Acting Now Discover Answers (PANDA).

Bianco is a strong believer in the laws of attraction and manifesting and lives by the quote from Albert Einstein, “Imagination is everything. It is the preview of life’s coming attractions.”