AvAir has completed an agreement withÿIsrael Aerospace Industries (IAI)ÿAviation Group to provide asset management solutions for more than 20,000 line items.
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," saidÿKevin 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."ÿ
