Israel Aerospace Industries (IAI) Aviation Group has contracted AvAir to provide asset management solutions.

AvAir will manage more than 20,000 line items including internal parts and accessories from IAI’s core business lines: CFM56-3, CFM56-5B, CFM56-7B, V2500-A5 and PW4000 engines, and airframe components for A320 and Boeing aircraft.

“This past year we have been working diligently to increase our access to engine material to offer more comprehensive solutions to our clients,” said AvAir’s SVP of powerplants Kevin Lenz.

“Our asset management programme was a great option for IAI to maximise their return on the asset by tapping into the growing material demand from our customers.”

IAI Aviation Group’s vice president and general manager Shmuel Kuzi said: “Over the years, we’ve accumulated a large inventory of surplus material and needed a company to sell the surplus material on a consignment basis. We are eager to begin our partnership with AvAir and create more liquidity for the Aviation Group.”