AvAir’s Kevin Lenz Talks About the Future of the Engine Aftermarket
May 17, 2022
AvAir’s Kevin Lenz Talks About the Future of the Engine Aftermarket – Fast 5: Where is the Engine Aftermarket Headed?
Copyright 2023, AvAir LLC
AvAir’s Kevin Lenz Talks About the Future of the Engine Aftermarket – Fast 5: Where is the Engine Aftermarket Headed?
Airline Economics’ Aviation 100 Awards Recognizes Outstanding Performers in the Aerospace Industry
CHANDLER, Ariz. – AvAir, an inventory solutions provider for the aviation aftermarket, was awarded the No. 1 position on Airline Economics’ Aviation 100 “Parts Supplier of the Year” rankings for the second year in a row, recognizing the company as a global authority and leader in the industry.
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.
“We are thrilled to receive this recognition for the second year in a row,” said Mike Bianco, CEO of AvAir. “It means so much to us to be honored by our peers in the industry and celebrate the hard work, dedication and services we provide to our clients.”
Additionally, Mike Bianco, CEO of AvAir was placed in the top 10 of the prestigious “CEO of the Year” rankings by Airline Economics’ Aviation 100 awards. CEO of the Year is judged on the performance of the company over the past 12 months, personal involvement with deals, expansions, agreements and suppliers.
The company had many milestones in 2021 while continuing to be agile and flexible to meet the needs and challenges presented by the global coronavirus pandemic and its effects on the industry. Several strategic partnerships were finalized, notably, the ones with GE Aviation, Iberia Maintenance and HAECO all with the mission to better serve more than 3,100 clients. These partnerships also continued to support the more than 26 million in-stock rotable and consumable components that AvAir manages.
AvAir also proudly retained 100% of its employees and grew the teams by 33% across both the Arizona and Ireland offices. The Dublin facility celebrated its one-year anniversary and received its customs warehouse accreditation from Irish Tax and Customs. This status allows the company to expedite the process of receiving and storing parts it acquires, continuing to save clients both time and money.
With an unmatched financial purchasing capability, AvAir looks to continue to grow its pool of inventory throughout this year and beyond.
AvAir offers solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign inventories with more than 26 million in-stock 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.
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 solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign inventories with more than 26 million in-stock parts. Recognized as a global leader, AvAir has been named “No. 1 Parts Supplier of the Year” by Airline Economics, and “Fastest Growing Companies in America.” by Inc. 5000. For more about AvAir, visit AvAir.aero.
AvAir Acquires Additional 9,000 Components
AvAir, an industry leading inventory solutions provider for the aviation aftermarket, and Lufthansa Technik have signed an addendum to their long-term aftermarket sales agreement. This addendum includes a second large material takeover. The initial agreement between the two companies was reached in 2020, in which AvAir took over 9,000 line items from Lufthansa Technik’s worldwide material pools. The Arizona-based company has now acquired an additional 9000 aircraft components.
This time, the agreement also includes as-removed and unserviceable units in addition to serviceable and overhauled items. The agreement implies that Lufthansa Technik receives a share of the proceeds from resold components under a profit share agreement. The material is considered overstock and a majority of the parts come directly from the Lufthansa Technik material pool and aircraft teardowns. The sale significantly contributes to the optimization of inventory at Lufthansa Technik’s warehouses in Germany, delivery of the components will commence immediately to AvAir facilities in Ireland and Chandler, Arizona in the United States. Despite this major logistical endeavor for teams of Lufthansa Technik on both continents, the complete transfer of material is expected to be completed in the next 90 days.
“The initial agreement was signed in 2020, and it has proved to be an overwhelming success for both parties, Lufthansa’s commitment to adding to the existing agreement is proof of that,” said Mike Bianco, Chief Executive Officer of AvAir.
With this transaction, AvAir has added an even wider range of commercial and regional aircraft material to its inventory. The assets include Boeing 737, 737N, 747-400, 747-8, 777 Cargo, 787, Airbus A320, A330, A340, A350, A380, as well as all regional aircraft types and miscellaneous material.
Similar to the first agreement in 2020, the material from this deal will come with dual or triple release certification (FAA/EASA/CAAC) from Lufthansa Technik and with a 12-month warranty.
“Our long-standing partnership with AvAir demonstrates our commitment to continuously improving the allocation of our rotatable spare parts inventory. It is also a sign of a recovering industry and we look forward to further increasing efficiency in our supply chain with similar opportunities in the future,” said Christian Ehard, Director Production Alternatives, Lufthansa Technik Component Services.
AvAir will again make the acquired inventory available for both exchanges and outright sales from AvAir’s facilities in Chandler, Arizona and Dublin, Ireland, which just celebrated its two-year anniversary.
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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Copyright 2023, AvAir LLC