AvAir has announced the hiring of Bob Knox as senior vice president of finance. A business veteran with nearly 25 years of experience in inventory and cost control, capital budgeting, and financial planning and analysis, he most recently held the title of director of finance at Cytec, a $3 billion provider of advanced materials for aerospace and other industries. Knox will be charged with a number of responsibilities including overseeing AvAir’s financial planning and managing its banking relationships.
“Bob’s wealth of financial expertise and in-depth understanding of the aerospace industry will be a tremendous addition to our executive team,” said Mike Bianco, president at AvAir. “His skills, experience, and work ethic fit well with our philosophy of doing whatever it takes to deliver for our customers. We look forward to him playing a key role in guiding our continued expansion.”
AvAir is currently experiencing rapid growth, and is on a trajectory to have its best sales year ever. The company continues to expand its leadership team to harness the insights of the most talented executives in the business.
“I’m thrilled to be joining the AvAir team,” said Knox. “The company’s unique vision, strong values, and reputation for exceptional customer service are unparalleled in the industry. I look forward to working with our business partners and clients, and contributing my expertise toward our shared success.”
Mexico City-based Aeromexico, the flag carrier airline of Mexico and one of the largest in Latin America, has chosen AvAir to manage its excess inventory. Complete 767 rotable and consumable inventory is provided under the agreement.
Aeromexico operates scheduled services to nearly 60 destinations in South, Central, and North America, Europe, Asia, and the Caribbean. It is one of the four founding members of the SkyTeam airline alliance, along with Delta Airlines, Air France, and Korean Air.
The arrangement will monetize surplus inventory for the carrier. It will also expand AvAir’s inventory of more than five million in-stock rotable and consumable components, to the benefit of its clients worldwide.
Do you have unused inventory you could be capitalizing on? AvAir encourages operators to contact them to learn more about the benefits of their asset management services.
The next time you talk to Mike McCune, AvAir Director of Inventory, imagine him sitting behind the wheel of his 1974 Mach I Ford Mustang driving the quarter mile in 10.70 seconds at 135 mph. Now, that’s fast!
His passion for drag racing began in high school with this first car–a stock 1973 Dodge Duster that he converted and raced at tracks in Florida, Georgia, South Carolina and Texas. With his next hot rod, a 1965 California Coup Corvette, Mike took first place in his class at the Super Chevy Show at Palm Beach International Raceway in 1985.
AvAir (Chandler, AZ), and Wings Capital PartnersTM (Newport Beach, CA) just announced the rollout of their new joint venture, AvWings, which will acquire mid-to- end of life aircraft, both on- and off-lease, for eventual partout.
AvAir, founded in 2000, is a respected leader in the aviation aftermarket, offering airlines, OEMs, MROs and stockists an extensive array of products and services plus unrivalled, personalized customer service and support. Wings Capital Partners, founded in 2013 by R. Stephen Hannahs and Two Sigma Private Investments, is a boutique aviation investment firm focusing on mid-life commercial jet leasing.
“This partnership adds a tremendous level of predictability to our product
offering,” begins AvAir President Mike Bianco. “In the past it was difficult to predict the products we’d have to support our customers prior to winning a bid. Now, we have much larger financial capability to acquire assets for partout, plus access to a full service leasing company that allows us to acquire on-lease aircraft. As a result, we can now give our customers a more accurate forecast of material coming down the pipeline.”
Reinforcing its position as a global leader in the aviation aftermarket, AvAir recently earned ISO 9001:2008/AS9120A certification, as awarded through the Aircraft Suppliers Association Certification Body (ASACB).
ISO 9001:2008 certification is an international designation assuring airlines, OEMS, MROs and stockists that AvAir meets world-class specifications ensuring the quality, safety and efficiency of its products, services and systems. The AS9120A standard is the stockist /distribution certification recognized world-wide by OEMS, MROs and the commercial aviation industry.
According to Monte Thiesse, AvAir Director of Quality Assurance, the organization went through the certification process to achieve both ISO 9001:2008 and AS9120A certification covering training for purchasing, including accurate part tracing requirements.
“Not only did AvAir undergo the additional audits for the 9120 certification, we completed the certification process in less than six months with zero findings on the final audit,” says Thiesse.
Capping a year of unprecedented growth in their 14-year history, AvAir was recognized as one of America’s fastest-growing privately held companies with a first-time inclusion on Inc.’s prestigious ranking of the nation’s top 5000 businesses.
With a growth of 113% over the past three years, from $18.8 million in 2010 to $40.7 million in 2013, AvAir came in at 3051 out of 5000 companies on the 2014 list, which was released in time for the Inc. 5000 Conference & Awards Ceremony held in Phoenix from October 15th through the 17th.
In his first year as the president of AvAir, Mike Bianco attributed AvAir’s history-breaking year to the outstanding efforts of his team to proactively reach out and engage new clients while continuing to focus on the basics CEO Bob Ellis founded AvAir on—building integrity into every engagement, delivering customers what they’re promised, and valuing client relationships over profits.
“We’ve got the best products, the best customer service, and the best team in the industry,” says Bianco. “And while making Inc.’s top 5000 list is a milestone, we’re not resting on our laurels by any means. We aim to move up, up, up in next year’s ranking.”
Building on their sponsorship and exhibitor role at MRO Americas in their hometown of Phoenix this past spring, AvAir is expanding their international profile as a sponsor and exhibitor (booth number 1702) at MRO Europe, held at IFEMA in Madrid from October 7th – 9th, 2014.
With the European market showing healthy recovery signs, growth is again on the horizon. Having already supported a similar rebounding economy in the U.S., AvAir is in a strong position to engage European airlines with contractual support and distribution agreements that allow the airlines to capitalize on the latest trends in maintenance and inventory strategies.
In addition, AvAir’s vast capital expansion is driving their aggressive approach to aircraft acquisition, which in turn is opening up new levels of opportunities for their clients—whether a client wants to maximize their return on existing aircraft (including end-of-life-cycle assets) or is looking to gain tax advantages by participating in AvAir’s trusted sell and lease back program.
“Out of the six tracks offered in the conference breakout sessions,” begins AvAir President Mike Bianco, “fully half of these tracks have a direct correlation with the products and services AvAir offers—Supply Chain & Logistics, Financing & Leasing, and Engineering & Maintenance. We get into high level discussions with airline execs on these topics every day because successful execution in these areas is critical to airline profitability. MRO Europe offers a unique opportunity for engagement and we are excited to be there and talk to folks face-to-face.”
With 1600 clients in 60 countries worldwide, and offices in the U.S. Mexico, Russia, and Brazil, AvAir’s clients benefit with a global perspective on the aviation aftermarket while enjoying customized solutions to their specific needs.