AvAir partners with Lufthansa Technik's component division to acquire USD 100m in surplus notables

AvAir, an inventory solutions provider for the aviation aftermarket has announced an aftermarket sales agreement with Lufthansa Technik Component Solutions (LTCS), the company said.

Arizona-based AvAir acquired a complete rotable spares pool inventory that includes 9,000 line items valued at USD 100 million. The first components will be delivered immediately from Lufthansa Technik facilities in Germany to AvAir facilities in Ireland and the United States. The complete transfer will be finalized within the next three months.

All parts are serviceable and come from the Lufthansa Airline Group and other Lufthansa Technik customer fleets. The majority of the parts was maintained by Lufthansa Technik´s component MRO (maintenance, repair and overhaul) organization.

AvAir provides customized inventory solutions for airlines, OEMs, and MROs. AvAir, offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign more than 26 million in-stock aircraft parts.

Lufthansa Technik Group is a provider of technical aircraft services. Certified internationally as maintenance, production and design organization, the company has a workforce of more than 25,000 employees.