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AvAir and Lufthansa Technik Strengthen Aftermarket Sales Agreement

Our Bureau - : Apr 21, 2022 - : 8:33 pm

AvAir and Lufthansa Technik have signed an addendum to their long-term aftermarket sales agreement.

The addendum includes a second large material takeover. The initial agreement between the two companies was reached in 2020, in which AvAir took over 9,000 line items from Lufthansa Technik’s worldwide material pools. The Arizona-based company has now acquired an additional 9,000 aircraft components.

“The initial agreement was signed in 2020, and it has proved to be an overwhelming success for both parties, Lufthansa Technik’s commitment to adding to the existing agreement is proof of that,” said Mike Bianco, Chief Executive Officer of AvAir.

With this transaction, AvAir has added an even wider range of commercial and regional aircraft material to its inventory. The assets include parts for Boeing 737, 737NG, 747-400, 747-8, 777 Freighter, 787, Airbus A320, A330, A340, A350, A380, as well as for regional aircraft types, and miscellaneous material.

Similar to the first agreement in 2020, the material from this deal will come with dual or triple release certification (FAA/EASA/CAAC) from Lufthansa Technik and with a 12-month warranty.

“Our long-standing partnership with AvAir demonstrates our commitment to continuously improve the allocation of our rotable spare parts inventory. It is also a sign of a recovering industry and we look forward to further increasing efficiency in our supply chain with similar opportunities in the future,” said Christian Ehard, Director Production Alternatives, Lufthansa Technik Component Services.

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