Chandler, Arizona-based AvAir has acquired Lufthansa Technik’s overstock of rotable spares inventory that includes 9,000 line items valued at $100 million. All parts are serviceable and come from the Lufthansa Airline Group and other Lufthansa Technik customer fleets. Most parts were maintained by the component maintenance, repair, and overhaul (MRO) organization, Lufthansa Technik Component Solutions (LTCS).
Lufthansa Technik facilities in Germany will deliver components to AvAir facilities in Ireland and the United States by August 2020.
Under a profit-share agreement, Lufthansa Technik receives a share of the proceeds from the resold components.
With this transaction, AvAir has added commercial and regional aircraft material for Airbus A320, A320neo, A330, A340, A350, A380; Boeing MD-11, B737-NG, B737-MAX, B747, B757, B767, B777, B787; Bombardier CRJ; Embraer ERJ; and De Havilland DHC-8-400. The material will come with dual- or triple-release certification (FAA/EASA/CAAC) from Lufthansa Technik and a 12-month warranty.