GE Aviation Materials Selects AvAir for Asset Management

Rhea-AI Summary

AvAir has been chosen by GE Aviation Materials (GEAM) for a multi-year asset management program, covering over 50,000 line items and nearly 70,000 components. The program is set to manage external commercial engine parts, including components for popular GE engines like CF6-80 and GE90. This agreement positions AvAir as a preferred supplier within GE's Maintenance, Repair, and Overhaul (MRO) network, enhancing its global market reach and offering strategic growth opportunities.

Positive

• Multi-year agreement with GE Aviation Materials for managing 70,000 components.
• Establishment as a preferred supplier to GE's MRO network.
• Supports AvAir's strategic growth plan and global customer base.

Negative

• None.

CHANDLER, Ariz., Nov. 16, 2021 /PRNewswire/ -- AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has been selected by GE Aviation Materials (GEAM) for an asset management program initially covering more than 50,000 line items totaling nearly 70,000 components.

GE Aviation Materials, a wholly owned subsidiary of GE Aviation, is a world-leading provider of used serviceable material and TrueChoice Transitions^TM solutions: Green time Lease, custom work scopes, Engine/Module exchanges, consignment, lessor integration and portability products for GE Aviation's commercial engine programs. GE Aviation has a global service network to support these offerings.

AvAir's Chandler, Arizona based facility will manage the inventory consisting of external commercial engine components such as Line Replaceable Units (LRUs), Quick Engine Change (QEC) material, and accessories. Applications for the material covered under the agreement include GE widebody platforms such as CF6-80, GE90, and GEnx engines. Through this multi-year agreement, AvAir also becomes a  preferred supplier to the GE network of Maintenance, Repair, and Overhaul (MRO) facilities, including each of its engine overhaul and component repair locations.

"We're pleased to be able to provide GEAM with a program that meets their objectives," said Kevin Lenz, SVP of Powerplants for AvAir. "This agreement links AvAir's global market reach with GE Aviation Materials, increasing support to our global customer base as well as to the GE MRO network."

"For this key asset management agreement, we wanted to establish a relationship with a company that we could trust to both market our products globally and maximize the value that customers can realize from utilizing used serviceable inventory in their operations; AvAir can do just that," said Horacio Repetto, General Manager of GE Aviation Materials. "We look forward to a successful relationship that supports our global customers."

This agreement and other recent asset management contracts support AvAir's growth plan which includes evaluating additional strategic affiliations throughout the industry to continue to expand the company's global offerings.

With more than 26 million in-stock components, AvAir offers solutions for customers and suppliers to buy, sell, exchange, loan, lease, or manage assets and inventories. The company is ISO 9001, AS9120, and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales, and shipping.

For more information about AvAir, visit AvAir.aero.

About AvAir
Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs.  AvAir offers solutions for customers and suppliers to buy, sell, exchange, loan, lease, or manage assets and inventories with more than 26 million in-stock parts. Recognized as a global leader, AvAir has been named "No. 1 Parts Supplier of the Year" by Airline Economics, and "Fastest Growing Companies in America" by Inc. 5000. For more about AvAir, visit AvAir.aero.

About GE Aviation Materials
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet engines, components and systems for commercial and military aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.GEAviation.com. Follow GE Aviation on Twitter, YouTube, LinkedIn and Instagram.

Contact: Claire Natale
claire@evolveprandmarketing.com 
c. 202.294.5999

 

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SOURCE AvAir

FAQ

What is the asset management program selected by GE Aviation Materials?

GE Aviation Materials has selected AvAir for a multi-year asset management program managing over 50,000 line items and nearly 70,000 components.

How does the partnership with AvAir impact GE Aviation Materials?

The partnership enhances GE Aviation Materials' inventory management and provides greater support to their global customer base.

What components are included in the AvAir and GE Aviation agreement?

The agreement includes external commercial engine components for GE platforms such as CF6-80, GE90, and GEnx engines.

When was the agreement between GE Aviation and AvAir announced?

The agreement was announced on November 16, 2021.

What advantages does AvAir gain from this agreement with GE Aviation?

AvAir becomes a preferred supplier in GE's MRO network, enhancing its global market reach and providing growth opportunities.