On January 23, 2023, one of the leaders in aviation aftermarket industry solutions provider, AvAir, completed an agreement with Sanad, a wholly owned subsidiary of Mubadala Investment Company (Mubadala). The agreement is to provide asset management solutions for a vast assortment of Airbus, Boeing, and Embraer components.
In addition, the material is made available for exchange to AvAir's worldwide customers' network. Sanad Group and AvAir will provide one of the world's largest component exchange pool, allowing customers access to overhaul and serviceable components whenever and wherever needed.
AvAir has been in business for the past 22 years, and offers customers and suppliers customized solutions to buy, sell, trade, loan, lease, or consign more than 26 million in-stock parts. The company has received certifications such as ISO 9001, AS9120, and ASA 100, and it follows the highest quality standards in every step: buying, receiving, stocking, selling, and shipping.
Steven Solomon, AvAir Vice President of Sales, said, "We are pleased to announce this new program with Sanad that will greatly increase the inventory that we are able to offer to our customers on an exchange basis." He additionally mentioned, "The aviation industry needs a viable solution to address the long lead times on component repairs caused by the recent disruption in global supply chains. The material made available through our pool will keep our customers flying while their components undergo the lengthy repair process."
The customized inventory solution provider, AvAir, is a global leader in the aviation aftermarket. The company was founded in 2000 and headquartered in Chandler, Arizona. It provides inventory solutions to airlines, OEMs, and MROs. The company has been identified as Parts Supplier of the Year for the last three consecutive years by Airline Economics, one of the leading industry trade publications. It has also won the Environmental Sustainability award for two years in a row from The Aviation 100 for its work on sustainability.