AvAir Completes Full Asset Management Contract with Icelandair 

AvAir, an inventory solutions provider for the aviation aftermarket, has partnered with Icelandair on a full asset management contract for all surplus materials including a variety of Boeing parts.

Icelandair has been in operation for 83 years and has more than 44 destinations, 524 connections and 4.4 million passengers traveling internationally. Icelandair Group’s fleet comprises 51 aircrafts with 34 attributed to Icelandair.

“Creating new relationships has always been critical to AvAir, but the pandemic has made them more important than ever,” said Mike Bianco, CEO of AvAir. “Many airlines are looking for creative inventory solutions during this time of uncertainty and it is an honor to work together and custom-fit solutions to meet these challenges.”

With this transaction, AvAir has added a wide range of Boeing aircraft material to its inventory including 757, 767, 737NG and 737MAX. The parts will be stored in AvAir’s Dublin facility with many parts already in stock and more to arrive soon.

“AvAir took the time to understand our company and develop an agreement that meets our needs,” said Eiríkur Smári Vilhjálmsson, Icelandair’s manager of Materials and Logistics. “Their transparency and customer service confirmed that we selected a great partner for this endeavor.”

“We’re thrilled to begin this partnership with Icelandair,” said Fjalar Scott, AvAir’s vice president of sales for Europe, the Middle East and Africa. “Adding these parts to our inventory in Dublin allows us to quickly provide the best materials for our clients on this side of the world and in turn helps boost the local economy.”