Arizona-based inventory solutions provider AvAir has signed a deal with Sanad Group to provide asset management solutions for Airbus, Boeing, and Embraer components.
The tie-up, AvAir said, 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," he added.
"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,” said Kashish Kohli, Sanad's group chief financial officer.
Sanad is based in Dubai and is a subsidiary of Mubadala, a United Arab Emirates state investment company.