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.

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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.

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.

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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.

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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.

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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.”

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AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, celebrates its 20th anniversary this month. Since its inception, the company, based in Chandler, Arizona, has expanded globally and services more than 2,400 customers in 118 countries.

“As the first AvAir employee hired when it was founded in 2000, it’s been amazing to watch the company expand across the world,” said Mike Bianco, CEO of AvAir. “We look forward to continuing to grow our team and clientele in 2020 and years to come.”

Prior to leading a company buy out and becoming CEO in February 2019, Bianco began at AvAir working in the warehouse shipping and receiving parts. During his time with the company he has held many positions including director of sales, vice president and president. Bianco’s ever-changing roles over the last 20 years at AvAir give him a unique perspective to understand the inner workings of his company and the industry overall and how to prepare for times of uncertainty like The Great Recession and the current coronavirus pandemic. Within his first year as CEO, Bianco has grown AvAir revenue organically by 34% and has acquisitions planned for the near future.

Bianco consistently works to build upon the company culture. In fact, during the coronavirus pandemic, he provided all AvAir employees a $500 to support local businesses. Over the last 20 years, the company has maintained an 88% employee retention rate, which speaks to the positive environment that has been cultivated since inception.

Bianco was honored in Airline Economics’ 40 Under 40 list in 2018 and has been featured in AZBusiness’s Top Business Leader in 2018 and 2020. AvAir has been recognized in Inc. 5000’s America’s Fasting-Growing Private Companies in 2014 and 2019, and was awarded The Aviation 100’s Environmental Sustainability Award in 2018.

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.

For more information about AvAir, visit AvAir.aero.

maintenance

Moves by a number of leading airlines to permanently retire significant parts of their fleet as a result of COVID 19 are a mixed blessing for spare parts sector with future demand likely to be non-existent for certain types of aircraft, according to Mike Bianco, chief executive of US firm, AvAir.

Last week American Airlines announced the permeant retirement of 100 aircraft from its fleet, including A330-300a, B757-200s and B767-300s, as well as Embraer and Bombardier jets. Likewise, Air Canada announced its was ending the working life of 79 of its aircraft as part of a trend for carriers either to bring forward planned retirements, or simply axing part of their fleets in response to lower passenger demand due to COVID 19.

In theory this should be a boon for a spare parts provider like AvAir in terms of feedstock availability, but Bianco says that not all planes that are being retired will have a value, even as low oil prices change the economics of using older aircraft .

“It’s a mixed bag with decisions like American’s to retire its 757s. That’s been a dead bird for a while in my opinion, we don’t even trade in that aircraft. Conversely, there’s a lot of 767 retirements at the moment and there is still a strong demand for material and engines for that aircraft. Obviously, this demand will change as the market becomes saturated, but it’s a good sign that you’ve got firms such as Amazon Prime Air flying 767s.”

AvAir has traditionally focussed on the narrowbody part of the market with Bianco estimating widebody activity accounts for around 25% of the firm’s business. Despite this, and the current bearish sentiment on widebody aircraft in general, the chief executive says the future market for larger planes could hold up.

“It’s probably too early to call the outlook on the widebody plane. International travel has just got clobbered but it could be a lot better for the widebodies than people are saying. It depends on how quickly the market responds to making people feel safe flying long haul, with a bunch of people crowded around them.”

AvAir recently signed a deal to purchase the majority of Lufthansa Technik’s overstock of rotable spares inventory, which saw the Arizona-based company acquire 9,000 line items, including IDGs, FADECs, and starters. Bianco says the firm is looking to making further acquisitions either inventory deals like the one with Lufthansa Technik, buying into contracts, or purchasing companies outright.

Last year Bianco became chief executive of AvAir in a management buyout, backed by Corrum Capital Partners, when founder Robert Ellis sold his business. In 2018 Corrum closed a $250 million aviation fund at the time Jason Cipriani, co-managing partner at the private debt fund, said it would enable the firm to “significantly” expand its aircraft holdings and part of these funds are available to back deals by AvAir.

Bianco declines to give exact details of the cash at his disposal but says that access to a portion of the fund manager’s aviation dry powder means AvAir is looking to make acquisitions that fit within the firm’s main business of aircraft inventory supplies.

“All the experts are saying that the after-market is going to be different, but we are still talking about a multi-billion dollar space, there is just going to be fewer players in it. Our partnership with Corrum Capital Partners means AvAir is well capitalised and is looking to buy businesses that fit our core competencies.”

AvAir was in advanced discussions with one party which were broken off in March as the impact of COVID 19 made deal-making impossible, but Bianco says that once the market starts to rebound the firm is going on the acquisition trail.

“There’s two acquisitions that we are pretty serious on, and our talks on these are now probably going to resume in late summer.”

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CHANDLER, Ariz. — AvAir, an industry leading inventory solutions provider for the aviation aftermarket, and Lufthansa Technik Component Solutions (LTCS) have signed a long-term aftermarket sales agreement. The Arizona-based company acquired the complete rotable spares pool inventory that includes 9,000 line items valued at $100 million. The first components will be delivered immediately from Lufthansa Technik facilities in Germany to AvAir facilities in Ireland and the United States. The complete transfer will be finalized within the next three months.

All parts are serviceable and come from the Lufthansa Airline Group and other Lufthansa Technik customer fleets. The majority of the parts was maintained by Lufthansa Technik’s component MRO (maintenance, repair and overhaul) organization.

“We are extremely excited for this agreement, which not only solidifies the relationship built between AvAir and Lufthansa Technik over the past 20 years, but also allows us to greatly address the inventory needs of our customers worldwide,” said Mike Bianco, CEO of AvAir.

With this transaction, AvAir has added a wide range of commercial and regional aircraft material to its inventory. Commercial assets include A320, A320-NE0, A330, A340, A350, A380, MD-11, B737-NG, B737-MAX, B747, B757, B767, B777, and B787. Regional assets include CRJ, ERJ and Q400. All material will come with fresh dual release certification (FAA/EASA) from Lufthansa Technik and come with a 12-month warranty.

“Over the past few months, we have been able to increase the efficiency of our supply chain with an improved allocation of our rotable spare parts inventory,” said Georg Fanta, vice president of Lufthansa Technik. “This has enabled us to release the material into this sales program with AvAir. The teams of AvAir in Chandler and Lufthansa Technik’s Component Division in Miami started working on this initiative at the end of 2019 and are now moving forward to utilize AvAir’s trade expertise and worldwide customer network for similar opportunities in the future.”

AvAir, now in its 20th year in business, offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts. AvAir will make the acquired inventory available for both exchanges and outright sales from AvAir’s facilities in Chandler, Arizona and Dublin, Ireland, where the company expanded earlier this year.

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 Lufthansa Technik

With some 35 subsidiaries and affiliates, the Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. Certified internationally as maintenance, production and design organization, the company has a workforce of more than 25,000 employees. Lufthansa Technik’s portfolio covers the entire range of services for commercial and VIP/special mission aircraft, engines, components and landing gear in the areas of digital fleet support, maintenance, repair, overhaul, modification, completion and conversion as well as the manufacture of innovative cabin products.