AvAir lands $170M revolving credit to fund inventory and acquisitions
What's the deal? AvAir, a Chandler, Arizona-based aviation aftermarket supplier, has closed $170 million in new revolving credit facilities. A group of six lenders backed the financing: HSBC Bank USA, Crédit Agricole Corporate and Investment Bank, First Citizens BankDealroom has a profile for this one. Try Dealroom →, Western Alliance BankDealroom has a profile for this one. Try Dealroom →, Flagstar BankDealroom has a profile for this one. Try Dealroom →, and Sunflower BankDealroom has a profile for this one. Try Dealroom →.
What's the endgame? AvAir provides inventory solutions for airlines, original equipment manufacturers, and maintenance providers, letting customers buy, sell, exchange, loan, lease, and consign aircraft components. It plans to use the expanded capacity for inventory investments, strategic acquisitions, and general working capital.
Why now? The facility follows AvAir's recent acquisition of Full Stop TechnicsDealroom has a profile for this one. Try Dealroom →, a Milwaukee-based FAA- and EASA-certified wheel and brake repair provider that added maintenance, repair, and overhaul capabilities to its platform. It also expands a 2024 syndicated facility led by HSBC, adding Crédit Agricole, Flagstar, and Sunflower to the lender group.
"This partnership gives AvAir the flexibility to move quickly on strategic opportunities while continuing to deliver exceptional service and value to our customers around the world," said chief financial officer Bob Knox.
By the numbers: The $170 million raise sits in roughly the 46th percentile by deal size — a mid-sized financing rather than a headline round, but a meaningful jump in available working capital for a company founded in 2000.
What could go wrong? The announcement does not disclose pricing, borrowing conditions, or how much of the revolver is drawn, leaving the true cost of the capacity unclear.
The signal: Aviation aftermarket suppliers face persistent parts shortages and longer repair turnaround times, pushing airlines and providers to hold more inventory and seek alternative sources. That makes a flexible revolver strategically useful for AvAir to move fast on inventory and deals in a supply-constrained market.
Read more: prnewswire.com
Image credit: AvAir
