Sanad and AvAir team up on parts exchange pool

The companies said in a press release that the agreement, signed on 23 January, 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”.

Steven Solomon, AvAir vice-president of Sales, said: “We are pleased to announce this new programme with Sanad that will greatly increase the inventory that we are able to offer to our customers on an exchange basis.

“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.”

Kashish Kohli, chief financial officer of Sanad Group, said: “Sanad has played a pivotal role in the global aviation sector for more than 35 years and is now expanding its services beyond the aerospace sector.

“Through our agreement with AvAir, we aim to optimise 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.”

US-based AvAir, described as a global leader in the aviation aftermarket working with airlines, OEMs, and MROs, offers customised solutions for customers and suppliers to buy, sell, exchange, loan, lease or consign inventories with more than 26 million in-stock components.

Sanad is a wholly owned subsidiary of Mubadala Investment Company and a global aerospace engineering and leasing solutions leader. As an integrated industrial service provider, Sanad is well-positioned to maintain aircraft engines to the highest standards using the latest Fourth Industrial Revolution technologies. It provides lease finance solutions that create value and flexibility for its customers and partners.