AvAir, an industry leading inventory solutions provider for the aviation aftermarket, and Lufthansa Technik have signed a long-term aftermarket sales agreement. AvAir has purchased the majority of Lufthansa Technik's overstock of rotable spares inventory. The Arizona-based company acquired 9,000 line items, comprising of components including IDGs (Integrated Drive Generator), FADECs (Full Authority Digital Engine Control) and Starters.
The first components will be delivered immediately from Lufthansa Technik facilities in Germany to AvAir facilities in Ireland and Chandler, Arizona in the United States. The complete transfer will be finalized within the next three months.
Under a profit share agreement, Lufthansa Technik receives a share of the proceeds from the resold components. All parts are in serviceable or better condition and come from the Lufthansa Airline Group and other Lufthansa Technik customer fleets. The majority of the parts has been maintained by Lufthansa Technik.
