AvAir secures the management of engine hardware assets with IAI


IAI’s unique Aviation Group is a global leader, with over 50 years of experience in all aspects of the aviation industry, having all the required capabilities in-house at a centralized location. With a total commitment to quality and an extensive portfolio, IAI maintains the highest expertise in a wide range of capabilities, from aeronautical design and engineering to 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 items including internal parts and accessories from major business lines of IAI, CFM56-3, CFM56-5B, CFM56-7B, the V2500-A5 and PW4000 engines, as well as the airframe components of the A320 and Boeing family aircraft.

“Over the past year, we have worked diligently to increase our access to engine hardware in order to offer more complete solutions to our customers,” said Kevin Lenz, senior vice president of power plants for AvAir. “Our asset management program was a great option for IAI to maximize its return on assets by harnessing the growing demand for materials from our customers.

“Over the years, we have built up a large inventory of surplus material and needed a company to sell the excess material on consignment,” said Shmuel Kuzi, vice president and general manager of IAI Aviation Group. “We look forward to starting our partnership with AvAir and creating more liquidity for Aviation Group.”

AvAir provides solutions for customers and suppliers to buy, sell, trade, lend, lease or consign inventory with over 26 million parts in stock. The company is ISO 9001, AS9120 and ASA 100 certified and adheres to the highest quality standards in all phases: purchasing, receiving, storage, sale and shipping.

For more information on AvAir, visit AvAir.aero.

About AvAir
Founded in 2000, ArizonaAvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs and MROs. AvAir provides solutions for customers and suppliers to buy, sell, trade, lend, lease or consign inventory with over 26 million parts in stock. Recognized as a global leader, AvAir was named “Parts Supplier of the Year” by Airline Economics and “America’s Fastest Growing Companies” by Inc. 5000. To learn more about AvAir, visit AvAir.aero.

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

Contact: Amanda moore
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