UPDATE 1-Aero Inventory calls in administrators

* Banks not prepared to provide more short-term funding

* Other options fail to reach "satisfactory conclusion" (Adds details)

Nov 11 (Reuters) - Aero Inventory (AI.L), a provider of inventory management software to aviation companies, said it had appointed administrators after its banks said they would not provide additional short-term funding.

The company said other options it had explored for securing working capital had also "failed to reach a satisfactory conclusion in the time available."

Aero Inventory said it named James Robert Tucker, Richard Heis and Allan Watson Graham of KPMG LLP as joint administrators.

The company said last week that issues with its inventory value were broader than previously thought and that it was in talks with its banks on financial support.

Reviews of the value of its inventory and the accuracy of recent financial reports provided to the banks have yet to be completed and are now under the control of the administrators, the company said.

Trading in the company's shares was suspended on Oct. 26 after it said it was probing certain inventory valuations that might impact results and it would be in breach of a non-financial covenant with its lenders. (Reporting by Purwa Naveen Raman in Bangalore; Editing by Mike Miller)