San Diego, Calif. – Avioserv San Diego, Inc. (“Avioserv”) and AeroThrust Holdings LLC (“AeroThrust”) were awarded a joint consignment agreement from Raven Capital Management LLC (“Raven”), www.ravencm.com. Raven recently completed the acquisition of over 13,200 line items representing approximately 315,300 parts of CFM56-3/-5/-7 Engine Material from Lufthansa Technik Airmotive Ireland (“LTAI”). Avioserv and AeroThrust will provide aftermarket sales services on behalf of Raven. Avioserv is based in Southern California with additional offices located in Dallas and in Europe, whereas AeroThrust is based in Miami.

The Engine Material is currently being transported from LTAI’s facility in Dublin, Ireland, to AeroThrust’s facility in Miami, Florida. The Engine Material will be available for aftermarket sales opportunities by September 1, 2014.

David Strockbine – VP of Sales & Leasing at Avioserv was quoted as stating, “We are very pleased that Avioserv San Diego, Inc. was chosen by Raven Capital Management LLC to participate in the consigned material agreement. This opportunity further enhances our position as an industry leader in the supply of CFM Material.”

Mario Abad, CEO of AeroThrust, added that “This material will also support AeroThrust’s return to the CFM56 engine overhaul business and gives us a world-class inventory pool resident in our facility.”

For additional information please contact David Strockbine at dstrockbine@avioserv.com or Jose Fagundo at josef@aerothrust.com.

Regarded as a leader in the industry, Avioserv specializes in the supply and sale of serviceable aircraft engines, as well as the subsequent sale, lease, and exchange of engine parts, engine components, whole engines, and accessories to major airlines, repair and overhaul facilities, and part distributors. In addition, Avioserv provides integrated inventory asset-management services.

Avioserv was founded in 1994 as Willis Aeronautical Services, Inc. (WASI); the company was acquired by SR Technics in 2000 and renamed Avioserv San Diego, Inc. in 2001. Since 2001, Avioserv has successfully transitioned from being a part supplier to being recognized worldwide as the preferred supplier of serviceable lease engines and engine parts. In March 2007, Avioserv was acquired by Vintage Fund Management, a private equity firm based in Los Angeles, Calif.

For over sixty-five years AeroThrust has been the preferred engine overhaul MRO with more than 100 operators around the world. Based in Miami, Florida, AeroThrust provides overhaul services for all JT8D series and most recently has revamped its CFM56 capability to include -3, -5 & -7 series. From maintenance, repair and overhaul of engines to engine sales and leasing, AeroThrust is a time-tested and proven choice you can trust.