AvAir President Mike Bianco Takes the Helm as New CEO After Successful Management-Led Buyout Backed by Corrum Capital

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Renewed Strategic Vision and Available Capital Will Take U.S.-Based Company with International Presence to New Heights

CHANDLER, Ariz. –– AvAir, one of the world’s top aviation aftermarket parts suppliers, is under new ownership, backed by a globally recognized investment group. AvAir President Mike Bianco is now CEO via a management-led buyout with a new equity partner, Corrum Capital.

Bianco’s bold leadership paired with Corrum Capital’s institutional expertise in the transportation and aviation industries will forge an aggressive, yet strategic path forward intended to fuel growth and expand AvAir’s global reach.

Bianco, recently honored and named to Airline Economics’ “40 Under 40” list, has been on the AvAir team for 18 years and has served as president for the past 5 years.

“I’m proud to have been part of AvAir’s evolution for 18 years,” said Bianco. “We have built an amazing culture, with a talented team and continue to grow by putting our customers first. I’m looking forward to working closely with Corrum Capital given their unique blend of financial expertise, market access, and management insight, further leading our growth in my new role.”

As part of the buyout, Jason Cipriani, co-managing partner of Corrum Capital Management and Michael Robinson, senior advisor to Corrum Capital Management, will join AvAir’s board of directors, working closely alongside Bianco and his team.

“AvAir has developed a leading brand as an aftermarkets solutions provider and continues to prove itself as a top leader in the aviation industry,” said Cipriani. “We look forward to working with Mike and the AvAir team to execute on a long-term, global growth strategy.”

AvAir founder Robert Ellis will remain with the company in an advisory capacity and serve as a member of the company’s board of directors, to support a successful rollout of the renewed strategic vision for the expanding enterprise.

Financial terms were not disclosed. Lewis Roca Rothgerber Christie LLP, Snell and Wilmer, The Cavanagh Law Firm, and Weiss Brown served as transaction counsel to AvAir, Bianco and Ellis, respectively. Moore & Van Allen PLLC acted as transaction counsel to Corrum Capital.

AvAir’s Growth & Vision for Future

AvAir plans to continue its organic growth by delivering award-winning service to current and expanding clients, but also grow through strategic acquisitions throughout the industry. As business expands, AvAir plans to add new jobs worldwide.

Meet AvAir at Aero-Engines Americas 2019

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We would welcome the opportunity to connect with you in person at Aero-Engines Americas 2019 set for January 28 – 30 in Dallas. We’re happy to schedule appointments ahead of time for your convenience.

AvAir team members who will be in attendance include:

✈️ Brad Speranzo, Vice President, Power Plants – Brad.Speranzo@AvAir.Aero

Want to link up? Shoot Brad an email ahead of the conference to secure an appointment. See you there!

AvAir Supports Busting Butts 5K for Breast Cancer Awareness

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Friends! This #BreastCancerAwarenessMonth, we invite you to join the AvAir team at the 8th Annual Busting Butts 5K Run/Walk happening Sunday, October 28. As an official sponsor and supporter, we hope to walk alongside friends and family to benefit the Jonsson Cancer Center Foundation. #AvAirCares

AvAir’s Mike Bianco Earns “40 Under 40” Honor From Airline Economics

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CHANDLER, Ariz. – It’s an honor reserved for 40 of the aviation industry’s biggest movers and shakers, and AvAir’s own Mike Bianco is among those making the cut.

Airline Economics recently announced its “40 Under 40” list for 2018, recognizing the top names in the commercial aviation industry who have yet to reach 40 years of age. Bianco, who holds the presidential role at the Arizona-based aftermarket aviation parts provider’s headquarters, helped AvAir become an undeniable industry powerhouse that caters to a global client roster and stocks more than 26 million aircraft parts at any given time.

“It’s a tremendous honor to appear on this list alongside top colleagues in the industry,” said Bianco, who signed on as AvAir’s first official employee in 2000 before working his way to the company’s top spot. “It’s my hope that this will lead to even more worldwide exposure for AvAir in the months and years to come.”

The annual list released by one of the industry’s preeminent authorities includes a peer-nominated selection of the nation’s aviation industry elite, recognizing the next generation of standouts.

“It’s unlikely that I would have made this list without the support of the entire AvAir team,” Bianco said. “I’m grateful to those who nominated me, and I’m honored to be in such great company alongside some of the most recognizable names in the business.”

Read more from the Airline Economics 40 Under 40 Issue online. For more about AvAir, visit AvAir.aero.

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About AvAir

Launched in Chandler, Arizona, in 2000, AvAir is a leading aftermarket aviation parts supplier. With more than 170,000 square feet of space holding more than 26 million parts and a growing presence in major cities worldwide, AvAir continues to soar within the aftermarket aviation industry, consistently earning awards and accolades from the industry’s most trusted authorities. For more about AvAir, visit AvAir.aero.

Media Contact: AWE Collective

Cody Larkin, cody@awecollective.com, 480-275-8888

Meet the AvAir Team at MRO Europe!

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We are heading to Amsterdam for MRO Europe, and we would welcome the opportunity to connect with you in person at the exhibition set for Oct. 16 through 18. We’re happy to schedule appointments ahead of time for your convenience.

AvAir team members who will be in attendance include:

– Younes El-Khatib – Vice President – Business Development – Younes.EK@avair.aero
– Fjalar Scott – Director of Business Development – Europe- Fjalar.Scott@avair.aero
– Steven Solomon – AOG Manager – Steven.Solly@avair.aero
– Max Masterson – Account Executive – Max.Masterson@avair.aero
– Rosa Gudmannsdottir – Account Manager- Rosa.Gudmannsdottir@AvAir.aero
– Nina Boyd – Executive Assistant to President- Nina.Boyd@avair.aero

Want to link up? Shoot any of our team members an email ahead of the conference to secure an appointment, or stop by and say hello during the exhibition (find us at Booth #6054). See you there!

Meet Our New Director of Business Development – Asia

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AvAir is pleased to announce our newest hire, Robert Chiu, who has joined our team as the Director of Business Development – Asia. A seasoned sales professional with proven industry experience servicing national and international markets around the world, Robert brings nearly 15 years of industry know-how to the AvAir team. He will assume a broad range of duties on behalf of AvAir, including, but not limited to:

– The purchasing and selling of surplus material packages, inventories and assets
– Leading vendor relations with various airlines and MROs
– Identifying and securing new business opportunities

Want to connect with Robert and the rest of our team? Shoot Robert a note at Robert.Chiu@avair.aero.

AvAir’s Director of Inventory featured in 145 Magazine

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AvAir’s Director of Inventory Mike McCune is a long-time drag racing enthusiast after he first burst onto the racing scene in the 1970s and 80s. But the part-high-ranking aviation industry executive, part-adrenaline junkie made a triumphant return to the track in recent years, even going so far as to score that coveted first-place win; his first in 33 years. Congrats, Mike!

Read more at bit.ly/AvAir145MagFeature.

Meet The AvAir Team at AP&M Europe 2018

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We would welcome the opportunity to connect with you in-person at AP&M Europe 2018 set for May 29 – 31 in London. We’re happy to schedule appointments ahead of time for your convenience.

AvAir team members who will be in attendance include:

– Fjalar Scott – Director of Business Development – Europe – Fjalar.Scott@avair.aero
– Rosa Gudmannsdottir – Account Manager – Europe – Rosa.Gudmann@avair.aero

Want to link up? Shoot any of our team members an email ahead of the conference to secure an appointment. See you there!

AvAir Secures 2018 Environmental Sustainability Award

Photographer - Paul Sherwood paul@sherwood.ie 087 230 9096 Airline Economics, Dublin Aviation Summit, held in the RDS, Dublin. May 2018

CHANDLER, Ariz. – It’s an award that recognizes environmental achievements within the aviation and aerospace industry, and in 2018, AvAir took home the top prize.

The Aviation 100 is the aviation and aerospace industry’s preeminent authority, and each year, the annual publication honors aviation businesses that rise above the competition across an array of different categories. Arizona-based AvAir was the recipient of this year’s prestigious Environmental Sustainability award, which recognizes the tremendous strides the company has made with regard to sustainable building, business practices and operations.

“It’s an incredible honor to be recognized for our work in an area where we’ve really concentrated our efforts,” said AvAir President Mike Bianco. “We’ve prioritized sustainability and making a minimal environmental impact since day one, and it’s our hope that this recognition will help encourage others in the industry to take similar steps.”

AvAir’s commitment to minimizing its environmental impact starts on the ground level, with a six-acre headquarters and 170,000 square feet of inventory space powered almost exclusively by clean solar energy serving as the company’s home base. AvAir opened the new facility in 2015, kickstarting a massive reduction in carbon emissions and the elimination of 13,389 tons of CO2 from the atmosphere in the time since.

AvAir’s environmental efforts have proved so fruitful, in fact, that they’ve enabled the company and its associates to drive nearly 29 million fewer miles, plant more than 335,000 trees and recycle more than 45,000 tons of waste since the new headquarters opened its doors. AvAir’s innovative changes with regard to the environment, energy efficiency, waste management and business practices also helped save more than 14 million pounds of coal and enough energy to power more than 1,600 homes every year.