CHICAGO, September 22, 2022 (Newswire.com) - Setna iO has been recognized in Inc. Magazine 5000 list of fastest growing companies in America, which is the most prestigious ranking of the nation's fastest-growing private companies. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses.
"This year was particularly special, as it shows our growth while still working through the pandemic of 2021. It takes a brief pause to step back and appreciate being named among the country's fastest-growing private companies in America for the third consecutive year," said David Chaimovitz, Chief Executive Officer at Setna iO.
"A special thanks to team Setna iO, for the exceptional performance that has enabled us to feature on this list," added Michael Coughlin, Chief Operational Officer at Setna iO.
"This past year has also been a year of change and major new developments for us. Our new repair center in Tempe, Arizona, serves as the foundation for our next phase of expansion, driven by in-stock parts, ready to ship anywhere in the world. In these very dynamic times, we owe heartfelt thanks to our incredible team of employees, loyal customers, and partners, who inspire us every day," said David Chaimovitz. "We see very rapid growth opportunities for our company, which will be our intense focus for the coming year."
About SETNA iO
Setna iO is one of the world's largest commercial aviation component inventory stockists. With over 40,000 line items of material under ownership, Setna iO has the material needed to keep the global fleet flying.
Highly active in airframe/engine teardowns, large inventory acquisitions, and daily trading, our business model aims to have as much in-demand material "in stock, ready to go" as possible. Strategic warehouses in Arizona, Chicago, and London allow us to manage inventory globally. Our sales and trading groups operate in eight countries, providing our customers with a worldwide network.
Our FAA/EASA 145 repair station, Setnix, specializes in airframe and APU components. Setnix'x vertically integrated program allows for quick turn times and strong quality. Setna iO offers PBH and cost-per-landing contracts to airlines, allowing for airlines to focus on flying while we manage repairs and inventory.
Source: Setna iO