AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has completed an agreement with Sanad, a global industrial services leader and a wholly owned subsidiary of Mubadala Investment Company (Mubadala), to provide asset management solutions for a vast array of Airbus, Boeing, and Embraer components.
All material will be made available for exchange to AvAir’s network of customers worldwide.
With this agreement, AvAir and the Sanad Group will create one of the world’s largest component exchange pools, allowing customers access to overhauled and serviceable components, when and where they are needed.
“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,” said Steven Solomon, AvAir Vice President of Sales.
“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.”
“Sanad has played a pivotal role in the global aviation sector for over 35 years and is now expanding its services beyond the aerospace sector,” said Kashish Kohli, Group Chief Financial Officer of Sanad Group.
“Through our agreement with AvAir, we aim to optimize our inventory and continue to support the growing need for components for the operators globally.
“This arrangement provides us additional liquidity to support our customers across various industrial sectors.”