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AvAir Partners with State Forty Eight to Support State Forty Eight Foundation

CHANDLER, Ariz. — AvAir has partnered with State Forty Eight to create custom shirts with one dollar from every collaboration t-shirt donated back to support the State Forty Eight Foundation. Similar to a mural in AvAir’s headquarters, the shirt design represents Arizona’s beautiful sky and serves as a reminder to always reach higher.

The foundation’s mission is to enrich and strengthen Arizona through thoughtful partnerships, inspired community action and investment in the changemakers of tomorrow. They fulfill their mission through their four pillars: creating meaningful partnerships, activating our community, supporting and empowering our youth and fostering the entrepreneurial spirit.

“We’re thrilled to select State Forty Eight for this collaboration as they’ve made a name for themselves as not only talented designers, but a group dedicated to improving our community,” said AvAir Director of Business Development, Zach Hall. “Giving back is extremely important to AvAir, so it made sense to work with a business who has the same values.”

“At State Forty Eight we are all about collaboration and community and through this partnership with AvAir, we’ve been able to achieve both,” said State Forty Eight Founder and CEO, Michael Spangenberg. “Zach has been a longtime supporter of our company and is an asset to our State Forty Eight Foundation board of directors. We’re thrilled AvAir chose us as their T-shirt partner and are really happy with the unique design we co-created with them.” 

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 Secures Engine Material Asset Management with IAI

CHANDLER, Ariz. — AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has completed an agreement with Israel Aerospace Industries (IAI) Aviation Group to provide asset management solutions for more than 20,000 line items.

IAI’s unique Aviation Group is a global leader, with more than 50 years’ experience in all aspects of the aircraft industry, having all the required capabilities in-house at one centralized location. With total commitment to quality and an extensive portfolio, IAI maintains the highest expertise in a broad range of capabilities, from aeronautic design and engineering, through flight testing, modification and certification. IAI is one of the few companies with proven in-house FAR 25 certification capabilities.

With this transaction, AvAir will manage more than 20,000 line items including internal parts and accessories from IAI’s core business lines, CFM56-3, CFM56-5B, CFM56-7B, V2500-A5 and PW4000 engines, along with airframe components for the A320 and Boeing family aircraft.

“This past year we have been working diligently to increase our access to engine material to offer more comprehensive solutions to our clients,” said Kevin Lenz, SVP of Powerplants for AvAir. “Our Asset Management Program was a great option for IAI to maximize their return on the asset by tapping into the growing material demand from our customers. 

“Over the years, we’ve accumulated a large inventory of surplus material and needed a company to sell the surplus material on a consignment basis,” said Shmuel Kuzi, Vice President and General Manager, of IAI Aviation Group. “We are eager to begin our partnership with AvAir and create more liquidity for Aviation Group.”  

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.

About Israel Aerospace Industries (IAI) Aviation Group

Israel Aerospace Industries (IAI) is a world-leading aerospace and defense company innovating and delivering state-of-the-art technologies in space, air, land, naval, cyber & homeland security for defense and commercial markets. Combining the “Start-up Nation” spirit of innovation with decades of combat-proven experience, IAI provides customers with tailor-made, cutting-edge solutions to the unique challenges they face including satellites, UAVs, missiles, intelligence solutions, weapon systems, air defense systems, robotic systems, radars, business jets, aerostructures, and more. Established in 1953, IAI is one of Israel’s largest technology employers with offices and R&D centers in Israel and abroad. For more information, visit https://www.iai.co.il/

AvAir CEO Mike Bianco Recognized on “CEO of the Year” Rankings

CHANDLER, Ariz. – AvAir, an industry leading inventory solutions provider for the aviation aftermarket, continues to receive global recognition with CEO Mike Bianco securing a place on the prestigious “CEO of the Year” rankings by Airline Economics’ Aviation 100 awards.

“It’s an honor to be named as a top ten industry leader alongside prominent figures in aviation and I believe it shows that the industry understands the importance of the aviation aftermarket,” said Mike Bianco, CEO of AvAir. “Companies like AvAir are necessary to keep the industry moving and have played a critical role in creating solutions to help airlines throughout the pandemic.”

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.

Bianco has always been forward thinking, but this past year has highlighted his innovation and drive as a leader. When Bianco became CEO in 2018 he partnered with Corrum Capital, to ensure that AvAir was financially secure for the inevitable ebbs and flows of the market. They worked together to create a strategy that would allow AvAir to invest heavily in inventory during an economic downturn and when the coronavirus pandemic hit, Bianco and his team began to execute their plan. AvAir has made strategic partnerships throughout the pandemic and customized inventory solutions that provided liquidity to companies when they needed it most. 

Bianco has worked diligently to not only build AvAir to be a leader in the industry, but a trusted source to their clients. Through his leadership and vision, clients that have faced challenges due to the pandemic knew they could collaborate with AvAir to create a solution that met their needs.

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 Named No. 1 Parts Supplier Globally

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. 1 position on Airline Economics’ Aviation 100 “Parts Supplier of the Year” rankings.

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.

“This recognition means so much to our team,” said Mike Bianco, CEO of AvAir. “We have worked diligently to not only become a leader in our industry, but a trusted source to our clients, all while maintaining our company core values. We look forward to expanding our partnerships and services in 2021.”

In 2020, AvAir made a series of enhancements to better serve their clients worldwide. In March the company opened a 25,000-square-foot warehouse facility at the Dublin Airport creating employment opportunities in both Dublin and Chandler. The Dublin facility removed nearly 5,000 miles from the total distance inventory traveled, saving both time and money for customers in Europe, Asia, and the Middle East.

In response to the challenges presented by the ongoing coronavirus pandemic, AvAir launched their Value Creation Program (VCP) in 2020 to offer optimal remedies for assets compromised by the market conditions. AvAir offers four solutions to meet customer needs including purchase leaseback, asset management, storage and outright purchase. In addition to VCP, AvAir made new strategic partnerships which added to the more than 26 million in-stock rotable and consumable components. With an unmatched financial purchasing capability, AvAir looks to continue to grow their 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.

Click here to read the release featured in Airline Economics.

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.

Phoenix Business Journal 2021 Healthiest Employers: Micro category winner – AvAir

When the Covid-19 pandemic hit, most companies had to change how they operated and in many cases had to drop some benefits and programs, but AvAir, a Chandler-based aviation parts provider, went out of its way to ensure that its health and wellness plan stayed part of its employees’ lives.

Before the pandemic, AvAir’s approach to employee wellness included group and one-on-one sessions with a personal trainer, consultations with doctors and meal prep from a local company.

“At AvAir we work long hours and it can get stressful,” said Max Masterson, the company’s vice president of sales. “It is our job to make employees feel comfortable and healthy.”

The company’s approach to health and wellness is more than just a perk, Masterson said. It has become a lifestyle of the employees, with the majority of them taking advantage of the benefits and making them part of their daily lives. AvAir is this year’s Healthiest Employer winner in the micro-size company category.

So when the pandemic hit and the AvAir offices closed, Masterson said it was a goal from the leaders of the company to find a way to get back into the office and to get these programs up and running again.

After about a month of working from home, AvAir was able to come back to their offices in the spring of 2020. Having 200,000 square feet and less than 100 employees, Masterson said it was easy to socially distance at the office. Temperature checks for employees and guests became mandatory and there were increased cleaning protocols.

AvAir then worked with its personal trainer at Scott’s Training Systems on how to hold classes again. The team used apps to work with the personal trainer and to do group workouts. Masterson said it was good just for everyone to be able to interact with each other like they did before, even if it was over an app.

AvAir even kept its partnership with DiLandri Family Foods to provide nutritious food options for employees. To reduce the risk of spreading the virus, meals would be prepped when employees weren’t at the office but then could be picked up the next day.

“Our employees take full advantage of the programs available and put an emphasis on their health,” CEO Mike Bianco said.

Not only did AvAir retain all of its employees during the pandemic, Masterson said it also even hired a few new ones. He credited the company’s wellness benefits as one of the reasons why people stick around.

AvAir Gains 1.5M Parts from Iberia Maintenance in Largest Acquisition to Date

CHANDLER, Ariz. — AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has secured their largest acquisition to date with Iberia Maintenance to gain more than 1.5 million consumable parts and 30,000 tagged rotable components.

Iberia Maintenance offers Maintenance, Repair and Overhaul services to more than 50 customers worldwide including all IAG airlines, Iberia, Iberia Express, Aer Lingus, British Airways, Level and Vueling; OEMs and other customers from all five continents. Iberia Maintenance provides Engine Overhaul Services for CFM56, V2500 and RB211 engines in its facility in Madrid; Heavy Maintenance for Airbus fleet in its hangars in Madrid and Barcelona; Component Repair Services and Line Maintenance Services across multiple locations in Spain and Latin America.

“We are grateful Iberia gave us the opportunity to provide a solution that goes far beyond a traditional purchase,” said Brandon Wesson, Executive Vice President of Sales for AvAir. “This inventory puts AvAir in an unrivalled position to support our customers during this recovery and well into the future.”

“AvAir created a strategic solution that addressed our needs,” said Iván González Vallejo, Director of Strategy and Supply Chain for Iberia Maintenance. “This agreement not only provides liquidity, but a rapid adjustment of our asset needs going forward and the establishment of a working relationship with AvAir that will improve how we can better support our customers in the future.”  

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.

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 Iberia Maintenance 

Iberia Maintenance is a leading provider of MRO services to the IAG group airlines, OEMs and wider industry. With Airframe Line and Base maintenance capabilities covering all group Airbus fleets including the state of the art A350 and A320neo. Its engine portfolio specializing on the V2500, CFM56 and RB211 with the GTF and LEAP platforms soon to be introduced and component shops covering a wide range of ATA chapters. Iberia Maintenance supports customers around the globe and continues to adapt its business model to the changing demands of the market and its customers. Iberia Maintenance provides the highest quality and safety standards combined with a flexible and competitive commercial approach. Iberia Maintenance well trained and experienced employees provide services from the main operational hubs in Madrid and Barcelona to ensure the best service now and into the future. 

AvAir CEO On The Parts Market

Mike Bianco, CEO of U.S.-based aftermarket inventory specialist AvAir, talks to Aviation Week about some of the company’s inventory acquisitions over the past year and how the parts segment may evolve post-crisis.

AvAir has been very actively buying inventory from MROs and airline maintenance divisions over the past year. These include acquisitions from the likes of Lufthansa Technik, and more recently in January this year, buying inventory from HAECO including parts related to the Airbus A320 program. What was the motivation behind these acquisitions?

Our plan was always to invest heavily in inventory and when the crisis happened, we decided to move forward following a board meeting. We’ve made several sizeable investments over the past year, one of which was the HAECO inventory. The logic behind this, and its specific A320 pool, was that it was used for a power-by-the-hour program(PBH) which are great until there’s no activity going on from the airline and then it becomes pretty problematic – there’s no money coming in, yet there’s still costs and all of this inventory remains on the balance sheet. During the past 12 months, we’ve been approached by several big MROs who are basically telling us they have inventory related to PBH programs which aren’t currently being used and they are seeking cash injections so they can instead focus on their core competencies. Why the A320 specifically? We agreed that in a downturn situation, narrowbody aircraft such as the A320 and 737 would be the first segments to recover. We’ve focused on key accessories and rotable components, as well as consumables and expendables as demonstrated by our Sabena Technics inventory acquisition in early 2021. Things are in the process of returning to normal, and even if MRO market spend stays down, we believe we’re better placed to capture a better share of the business out there. We’re confident of achieving growth that isn’t reliant on how fast the market recovers.

AvAir has benefited in some respects from the current situation yet like many companies in the industry, it has also experienced challenges during this past year. As an aftermarket inventory specialist, what were some of these specific challenges the company faced?

Our customers are airlines and MROs, and when everyone suddenly hits the brakes on purchasing – that becomes a real problem. Everyone works well when there’s a lot of cash being spent, but when that stops then it’s a different picture. Our main challenge was always making sure there was enough finance in place to ensure operations for a long period of time in the event of a downturn. Maintaining payroll and staff to try and keep the culture preserved while less money is coming in was the priority. Preserving this environment was very important. Fortunately we had a 100% employee retention during the pandemic.

Do you see a long-term change in parts purchasing and what the customer is looking to buy? Will there be a desire for greater flexibility?

I think so. Look at how fast companies offloaded their PBH agreements. Whichever end of that agreement you are on comes with an element of risk. For an operator, they want to have flexibility and functionality without having the burden on the balance sheet. I believe there will be several airlines looking for alternative inventory solutions such as selling and leasing back their inventory. Moves like that will free up capital and keep their operations going yet still give them access to the material. We are positioning ourselves to the market as the source for this without the airline having to put the inventory on the shelf. There’s several carriers we have agreements with where we reserve several batches of inventory just for them, and I believe that’s something we’ll see more of in future. 

Have you seen a spike in sourcing parts for cargo operators during the past year?

Absolutely. All through this pandemic, while there wasn’t a lot of passengers flying, there was a lot of people buying goods on the internet and packages being shipped. We also saw a significant spike in our military and defense operation – they’re moving troops and supplies. Both of these businesses are smaller than our commercial segment normally but we certainly saw a noticeable pickup in both. What we’re missing right now is international leisure and business travel so most of that widebody business is very quiet right now. I believe there’s a lot of pent-up demand there and as soon as we can get people feeling safe to travel again that will pick up accordingly.

Post-pandemic, consolidation is expected in many industry segments. Do you see opportunities for AvAir to expand through acquisitions in the component segment and if so, what sort of buys would you be looking to make?

Yes – pre-crisis, we had a couple of acquisitions quite far a long the line that we unfortunately had to hit the pause button on. In the three years prior to 2020, we saw 106% revenue growth over that period. We had looked at both organic and inorganic growth strategies before COVID-19, which was a curveball and we had to adapt to that. However, as things stabilize, the next three to five years will see further growth. In terms of acquisition targets, we’d be looking at smaller parts suppliers with a unique geographical position we don’t have or perhaps close ties with an operator we aren’t actively involved with. Our investors are patient and are taking a long-term approach for this.

Click here for the full article:https://aviationweek.com/mro/fast-5-avair-ceo-parts-market

Welcome to the Team: Ai Sullivan

Ai Sullivan brings 22 years of experience from the financial services industry with extensive knowledge in business analytics and business intelligence. Prior to joining AvAir, Ai has implemented various complex assignments to identify and define strategic business issues that require analysis and translate this information into insight, knowledge and understanding of the business industry. She also established and served as Chair of the Arizona Diversity and Inclusion Committee.

Originally from Yokohama, Japan she immigrated to the United States to pursue her education. She holds an MBA, and an undergraduate degree in Business Management & Finance from Eller College of Management, University of Arizona. She is also on the board of a local animal rescue, and often volunteers her time teaching children about financial literacy.

Ai lives in Phoenix, AZ with her husband, two children and four rescue dogs. On her days off, you’ll find her running the desert trails or hiking with her family.

Ai will be a valuable addition in the continued growth of AvAir. Connect with her at Ai.Sullivan@AvAir.Aero.

Welcome To the Team: Taylor Browne

Taylor Browne brings diverse and extensive marketing experience to AvAir and joins the company as an Associate for the Expendable Sales team. Before joining AvAir, Taylor recently completed a two-year marketing internship with Grand Canyon Education, Inc that expanded her current knowledge in digital, web, and promotional marketing. Shortly after, served as a Sales Marketing Coordinator for Wyndham Destinations from 2020-2021. Taylor graduated from Grand Canyon University in 2018 with her Bachelor’s Degree in Communications and in 2020 completed her Master’s degree in Organizational Leadership 

Taylor is originally from Anaheim, CA and moved out to Phoenix, AZ permanently in  2018. During her off time, Taylor is usually found either hiking or watching the  Broncos lose. Fun fact: Taylor has been sky diving 4 times. 

Taylor will be a valuable addition in the continued growth of AvAir. Connect with her  at Taylor.Browne@AvAir.aero.  

AvAir Acquires Sabena technics Surplus Inventory

CHANDLER, Ariz. —  AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has entered an agreement with Sabena technics to acquire the MRO’s surplus inventory, including both consumables and expendables in new condition.

This agreement covers both airframe & component surplus materials used for heavy maintenance on various AIRBUS family, ATR and C130 aircrafts. They will be made available to AvAir customers globally, as many aircraft are requiring maintenance checks to go back into service after being parked due to the COVID-19 pandemic.

As a leading independent provider of MRO solutions, Sabena technics provides high-quality component testing, maintenance, repair and overhaul as well as pool access, consignment stock and trading solutions to its customers worldwide. Thanks to its own in-house component shops in Europe and Asia, Sabena technics can deliver flexible and efficient services guaranteeing high availability and reduced TATs.

“By selling our surplus, we mainly aim to optimize our inventory. It allows us to invest and further expand our stocks so we can better serve our customers,” said Ludovyc Lecherbonnier, vice president of component solutions for Sabena technics. “We are very pleased with the solution AvAir has provided us and are delighted to keep strengthening our partnership of many years.”

“We’re happy to continue to meet Sabena technic’s needs through our custom-fit solutions,” said Mike Bianco, CEO of AvAir. “Our strategic partnership is a win-win for our customers who will continue to receive top quality parts and service.”

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.

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 Sabena Technics

Sabena Technics is a French leading independent provider of maintenance and modification services (MRO) to civil and military aircraft operators.