“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,” adds 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. AvAir recently expanded operations to Dublin.