Air Canada, Lufthansa and United Airlines, three founder members of the Star Alliance, have joined forces to buy and sell aircraft materials in the secondary spare parts market.

The new joint venture company, AirLiance Materials, is expected to start operations later this year. It has appointed David Sisson as president and chief executive. Sisson was previously president and chief executive of AVSCO Aviation Service, an Atlanta, Georgia-based division of Aerospatiale.

AirLiance will buy and sell materials for its partners and customer airlines, building upon the carrier's extensive combined inventories. The airline industry spends more than $10 billion on spare parts annually, with about 10% of that coming from pre-owned stocks of airlines and overhaul agencies.

Source: Flight International