CHANDLER, Ariz., – AvAir, a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new 3-year syndicated senior credit facility led by HSBC Bank USA. This new facility represents a significant leap forward, offering increased availability, more favorable pricing, and improved terms compared to the Company’s previous credit arrangement. The overwhelming interest from syndicate participants enabled AvAir to increase the facility’s size at closing, showcasing a strong vote of confidence in the Company’s growth trajectory.
The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.
Mike Bianco, Chief Executive Officer of AvAir, expressed his enthusiasm about the Company’s financial and operational success, which has positioned them to not only refinance but also substantially expand their borrowing capacity. “Partnering with esteemed aviation lenders such as HSBC, First Citizens, and Western Alliance is a testament to our commitment to excellence and innovation in serving our customers’ inventory needs,” stated Bianco.
AvAir’s recent accolade of being named the No. 1 “Parts Supplier of the Year” by Airline Economics for the 4th consecutive year underscores the Company’s unwavering dedication to industry leadership and outstanding reputation.
With over two decades of experience, AvAir offers customized solutions for customers and suppliers to transact through buying, selling, exchanging, loaning, leasing, or consigning, boasting a vast inventory of more than 26 million components. The Company’s adherence to ISO 9001, AS9120, and ASA 100 certifications ensures the highest quality standards across all operations, from procurement to shipping, solidifying AvAir’s position as a trusted partner in the aviation aftermarket.
Airline Economics’ Aviation 100 Awards Recognize Outstanding Performers in the Aerospace Industry
Unprecedented Achievement: AvAir Secures Top Spot as Parts Supplier of the Year for the Fourth Consecutive Time
CHANDLER, Ariz. – For the fourth consecutive year, AvAir, an inventory solutions provider for the aviation aftermarket, was awarded the No. 1 position on Airline Economics’ Aviation 100 “Parts Supplier of the Year” award, recognizing the company as a top leader in the industry with an impeccable reputation.
“What an achievement!” said Mike Bianco, CEO of AvAir. “We are honored to be recognized for our commitment to providing the best service, going above and beyond for our clients, and the hard work and dedication our team has to make AvAir the best in the industry.”
The past year, AvAir’s expanded its industry partnerships and continued to develop and support its existing clients. The leadership team’s nimble actions and decisions have supported the company’s growth and leading position in the industry. Additionally, AvAir has continued to hire new team members in a variety of departments in both the Arizona and Ireland offices.
This award was given at Airline Economics 13th annual Aviation 100 Global LeaderAwards in Dublin. Parts Supplier of the Year is judged on the following criteria: parts stocked, clients on books/new clients in the past 12 months, locations/number of employees, ability to source, supply and timescale; plus, results from the Aviation News survey.
With an unmatched financial purchasing capability, AvAir looks to continue to grow its pool of inventory throughout this year and beyond.
AvAir, now in its 23 year in business, offers customized solutions for customers and suppliers to buy, sell, exchange, loan, lease, or consign inventories with more than 26 million in-stock components. The company is ISO 9001, AS9120, and ASA 100 certified and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales, and shipping.
