AvAir secures $170 million credit line from six banks

Overview

Updated 1 hour ago

AvAir buys, stores and resells parts taken off retired airliners. On Nov. 3, 2026, six banks agreed to lend the Chandler, Arizona company up to $170 million on a revolving basis, so AvAir can draw money, repay it and draw again as inventory moves through its warehouses.

The lender group is the signal. HSBC, Crédit Agricole, First Citizens, Western Alliance, Flagstar and Sunflower are underwriting a business built on used components, a segment airlines lean on when new parts carry long lead times. AvAir says the money funds inventory purchases and more acquisitions, after its July purchase of a Milwaukee wheel-and-brake repair shop and an October teardown deal covering three aircraft.

Why it matters

Aging fleets run on used parts, and the companies that finance and hold that inventory decide how fast airlines return jets to service.

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Key Indicators

$170M

New revolving credit capacity

Committed by six banks and drawable, repayable and redrawable as inventory turns over.

Banks in the facility

Up from three named lenders in AvAir's 2024 syndicated facility.

1,600

Wheels and brakes bought from Lufthansa Technik

Inventory purchase that preceded the Full Stop Technics acquisition.

Years since AvAir was founded

Founded in 2000 in Chandler, Arizona.

Consecutive Parts Supplier of the Year awards

Awarded by trade publication Airline Economics for 2021 through 2024.

Voices

Curated perspectives — historical figures and your fellow readers.

People Involved

Mike Bianco

Chief Executive Officer, AvAir

Leading AvAir's expansion through acquisitions and new lending capacity

Bob Knox

Chief Financial Officer, AvAir

Signed the new six-bank facility

Brandon Wesson

President, AvAir

Overseeing the XAero teardown program and wheel-and-brake service build-out

Organizations Involved

AvAir

Aviation aftermarket inventory supplier

Borrower under the new $170 million revolving facilities

An Arizona company that buys, repairs and resells aircraft components to airlines, maintenance shops and parts distributors.

HSBC Bank USA, N.A.

Commercial bank

Lender in the new facility and prior lead arranger

The bank that led AvAir's 2024 credit facility and returns in the six-bank 2026 group.

Full Stop Technics

Wheel and brake maintenance, repair and overhaul provider

Acquired by AvAir in July 2026; operates under its own brand in Milwaukee

A Milwaukee repair shop certified by the FAA and EASA to service aircraft wheels and brakes.

XAero

Aircraft asset disposal and lifecycle management company

Partner in a multi-aircraft teardown program with AvAir

A Chinese aviation asset company that supplies retired aircraft for dismantling and parts recovery.

Corrum Capital Management

Private investment firm

Backer of AvAir since 2019, extended through a 2024 continuation fund

A Charlotte, North Carolina firm that invests in cash-flow-oriented strategies and holds a stake in AvAir.

Timeline

2000 November 2026

7 events Latest: Today

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November 2026
Six banks close $170 million in revolving facilities
Today Financing

HSBC, Crédit Agricole, First Citizens, Western Alliance, Flagstar and Sunflower commit the capacity.
Today
October 2026
AvAir signs teardown agreement with XAero
Partnership

Covers dismantling and resale of three aircraft, including A320 family and 737NG.
6 days ago
July 2026
AvAir acquires Full Stop Technics
Acquisition

Adds FAA- and EASA-certified wheel and brake repair in Milwaukee to the parts business.
July 15th, 2026
December 2024
Corrum closes continuation fund for AvAir
Ownership

The fund gives existing investors liquidity and adds capital for AvAir's expansion.
December 4th, 2024
March 2024
HSBC leads three-year syndicated credit facility
Financing

First Citizens and Western Alliance join; AvAir says terms improve on its prior arrangement.
March 25th, 2024
February 2022
Wingspire Capital provides senior secured facility
Financing

AvAir uses the proceeds to refinance an existing bank facility and fund working capital.
February 8th, 2022
2000
AvAir founded in Chandler, Arizona
Founding

Starts as an aftermarket parts supplier for commercial passenger and cargo aircraft.
2000

Scenarios

AvAir announces another acquisition within a year

Likely Resolves by Nov 3, 2027

Discussed by: AvAir's own chief executive and chief financial officer, who both described the facility as funding strategic acquisitions

The company said explicitly that the money supports strategic acquisitions alongside inventory and working capital. The Full Stop Technics purchase in July 2026 shows the template: buy a certified repair shop, bolt it onto the parts inventory, and sell the combined service. A second deal in the same mold, likely in component repair or distribution, would confirm the facility is being drawn for growth rather than held as standby liquidity.

AvAir upsizes the facility again or adds lenders

Possible Resolves by Nov 3, 2028

Discussed by: No party has predicted this publicly; it follows from the pattern of the 2024 and 2026 financings

AvAir's last three credit arrangements each grew the lender group or the available capacity, and the 2024 facility was expanded at closing because of syndicate interest. If inventory purchases and the XAero teardowns absorb the new capacity quickly, another round is the logical next step. A flat or shrinking facility would suggest the growth plan stalled.

Corrum sells AvAir to a strategic buyer

Unlikely Resolves by End of 2028

Discussed by: Not predicted by any cited source; inferred from Corrum's 2024 continuation fund structure

Continuation funds typically reset an investor's holding period rather than end it. Corrum has backed AvAir since 2019 and gave its original investors liquidity in 2024 while committing new capital. A larger aerospace group or another private equity buyer could acquire the company if the repair and teardown strategy produces steady earnings. No sale process has been disclosed.

Historical Context

3 moments from history that rhyme with this story — and how they unfolded.

February 2022

Wingspire Capital facility (2022)

Atlanta-based lender Wingspire Capital provided AvAir a senior secured credit facility. AvAir used the proceeds to refinance an existing bank facility and fund ongoing working capital.

Then

AvAir replaced bank debt with a lender comfortable with inventory-backed borrowing.

Now

Set the pattern of periodic refinancings that has continued with each subsequent facility.

Why this matters now

Shows the company has repeatedly restructured its borrowing as it grew, rather than taking a single large loan.

March 2024

HSBC-led syndicated facility (2024)

AvAir closed a three-year syndicated senior credit facility led by HSBC Bank USA, with First Citizens Bank and Western Alliance Bank participating. The company said the terms beat its previous arrangement, and syndicate interest let it enlarge the facility at closing.

Then

Three named banks became the core of AvAir's lending group.

Now

Two of those three returned in the 2026 group, giving the newer facility continuity with the older one.

Why this matters now

The 2026 deal doubles the lender count and replaces a single lead arranger with a broader group, the same way the 2024 deal improved on what came before.

December 2024

Corrum continuation fund (2024)

Corrum Capital Management closed a single-asset continuation fund for AvAir, led by secondary specialist New 2ND Capital. The deal gave Corrum's existing limited partners liquidity and committed follow-on capital to AvAir.

Then

AvAir's ownership stayed in place while fresh capital went into the business.

Now

Extended Corrum's holding period and set up the 2026 acquisition and financing activity.

Why this matters now

Explains why a private, sponsor-backed company can keep adding debt and buying businesses without a public listing.