Will Acquire Older Aircraft For Eventual Part-Out

AvAir of Chandler, AZ and Wings Capital Partners of Newport Beach, CA have announced a new joint venture. AvWings will acquire mid-to-end of life aircraft, both on- and off-lease, for eventual partout.

AvAir was founded in 2000. The company offers airlines, OEMs, MROs and stockists an extensive array of products and services plus unrivalled, personalized customer service and support. Wings Capital Partners, founded in 2013 by R. Stephen Hannahs and Two Sigma Private Investments, is a boutique aviation investment firm focusing on mid-life commercial jet leasing.

“This partnership adds a tremendous level of predictability to our product offering,” said AvAir President Mike Bianco. “In the past it was difficult to predict the products we’d have to support our customers prior to winning a bid. Now, we have much larger financial capability to acquire assets for partout, plus access to a full service leasing company that allows us to acquire on-lease aircraft. As a result, we can now give our customers a more accurate forecast of material coming down the pipeline.”

The announcement of AvWings comes as AvAir is just weeks away from moving into its new 180,000 square foot state-of-the art flagship headquarters.

FMI: www.avair.aero