Arizona-based company AvAir has purchased overstock of rotable spares inventory from Lufthansa Technik as part of a long-term aftermarket sales agreement.

The company has acquired 9,000 line items, comprising components including IDGs (Integrated Drive Generator), FADECs (Full Authority Digital Engine Control) and Starters.

The items come from the Lufthansa Airline Group and other Lufthansa Technik customer fleets, and the majority have been maintained by the company.

The inventory includes material from a wide range of commercial and regional aircraft, including the Boeing 737 NG and MAX/747/757/767/777/787, Airbus A320 and A320neo/A330/A340/A380, Bombardier CRJ, de Havilland DHC 8-400, Embraer ERJ and MD-11.

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, with the complete transfer finalised within the next three months.

Under a profit share agreement, Lufthansa Technik receives a share of the proceeds from the resold components. The company has said all parts are in serviceable or better condition and come with dual or triple release certification (FAA/EASA/CAAC) with a 12-month warranty.

Chief executive officer of AvAir, Mike Bianco, said: “We are extremely excited for this agreement which solidifies the relationship built between AvAir and Lufthansa Technik over the past 20 years. This acquisition will give our customers access to one of the most desirable inventories in the aviation aftermarket.”

Lufthansa Technik of aircraft component services, Dr Georg Fanta, said: “Over the past months, we have been able to increase the efficiency of our supply chain with an improved allocation of our rotable spare parts inventory.

“This has enabled us to release the material into this sales program with AvAir. The teams of AvAir in Chandler and of Lufthansa Technik’s Component Division in Miami began the planning and development of this new relationship in the fourth quarter of 2019 and are now moving forward to utilise AvAir’s trade expertise and worldwide customer network for similar opportunities in the future.”