Availability is the probability that a system will work as required when required during the period of a mission. The mission could be the 18-hour span of an aircraft flight. The mission period could also be the 3 to 15-month span of a military deployment. Availability includes non-operational periods associated with reliability, maintenance, and logistics.
This is measured in terms of nines. Five-9's (99.999%) means less than 5 minutes when the system is not operating correctly over the span of one year.
Availability is only meaningful for supportable systems. As an example, availability of 99.9% means nothing after the only known source stops manufacturing a critical replacement part.