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A few months ago I wrote a
series of articles on how to convert files from a variety of codecs to many of the more popular codecs using Handbrake for Mac OS X. The most applicable section of the article can be found
here. In the article I explain how to convert files from one codec to another with a minimal amount of quality loss, .AVI's included. Handbrake for Mac OS X is my tool of choice for video conversion on the Mac platform and I encourage you to give Handbrake a try to see if it meets all your conversion needs. Handbrake is available in both a CLI (Command Line Interface) version and a GUI (Graphical User Interface) version.
Handbrake for Mac OS X is by no means the only video converter out there that can convert an .AVI to another format. Keep reading for a few other excellent options to convert those .AVI's to another format.