Agreements Components

AvAir expands their client base by offering comprehensive solutions to IAI

AvAir offers solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign inventories with more than 26 million in-stock parts.
With this transaction, AvAir will manage more than 20,000 line items including internal parts and accessories from IAI’s core business lines

The asset management program is a great option for ISI to maximize their return on the asset by tapping into the growing material demand

6 August 2021: AvAir has signed an agreement with Israel Aerospace Industries to provide asset management solutions for more than 20,000 line items. 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.

Kevin Lenz, SVP of Powerplants for AvAir said, “This past year we have been working diligently to increase our access to engine material to offer more comprehensive solutions to our clients. 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.”

Shmuel Kuzi, Vice President and General Manager, of IAI Aviation Group said, “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. 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.