Avia Solutions Group

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Avia Solutions Group
Company typePrivate company
IndustryAviation, tourism
Founded2010[1]
HeadquartersDublin, Ireland
Key people
Gediminas Ziemelis (Chairman)
Jonas Janukenas (Chief Executive Officer)
Revenue€1.853 billion (2022) [2]
€162 million (2022) [2]
Number of employees
11 000+ (2023)
RatingFitch Ratings – BB
S&P Global Ratings – BB-
Websitewww.aviasg.com

Avia Solutions Group is a provider for passenger and cargo airlines worldwide.[3] Headquartered in Dublin (Ireland),[4] the group manages over 100 offices and production facilities globally and employs a majority of its employees in Europe.[5] As of January 2024, Avia Solutions Group manages a fleet of 200 aircraft among the group companies.[6]

In 2022, the group’s revenue reached €1,9 billion and EBITDA at €288 million.[7]

History[edit]

In 2005, the history of Avia Solutions Group began when Lithuanian Airlines, the national airlines of Lithuania, was privatized. LAL investment management acquired 100% of the airline shares for 7.53 million Euro. The airline The airline was re-branded as FlyLAL and several companies were registered, including Baltic Ground Services (ground handling),[8] FL Technics (aviation maintenance, repair, and operations), and Bilietų Pardavimo Centras (travel agency). In 2005, FL Technics was founded.[9] The company opened its first hangar at Vilnius International Airport. In November 2006, Baltic Aviation Academy (now known as BAA Training) was founded. The company provides professional training for aviation specialists.[10] In 2007, JetMS was founded under the name FL Technics Jets.[11] In 2007, Aviation Asset Management was founded (now known as AviaAM Leasing[12]).[13] In 2008, a charter airline called Small Planet Airlines was founded.[14]

In 2024, Ascend Airways was granted an Air Operator Certificate. It proposes to fly out of London Gatwick and Southend in England.[15]

Structure[edit]

As of 2022, Avia Solutions Group controls the following companies: AeroTime Hub, AviaAM Leasing, Avion Express, BAA Training, BGS, Bluebird Nordic, Chapman Freeborn, FL Technics, KlasJet, JETMS, SmartLynx Airlines, and Storm Aviation.[16]

References[edit]

  1. ^ "Avia Solutions Group – Founded". Registru centras. 12 August 2010. Retrieved 24 March 2015.
  2. ^ a b "Independent Auditor's Report" (PDF).
  3. ^ "Avia Solutions Group – Global Aviation Multi-Service Provider". aviasg.com. Retrieved 21 July 2022.
  4. ^ "Pagrindinė "Avia Solutions Group" būstinė perkelta į Airiją". lrt.lt (in Lithuanian). 1 March 2023. Retrieved 1 March 2023.
  5. ^ Sergijenko, Dina. "Naujoje "Avia Solutions Group" būstinėje Vilniuje – 1.000 darbo vietų". vz.lt (in Lithuanian). Retrieved 12 November 2019.
  6. ^ "Dublin-based Avia Solutions Group has acquired Australian airline Skytrans". Irish Independent. 23 January 2024. Retrieved 25 January 2024.
  7. ^ Lithuania, Rekvizitai lt. "AVIA SOLUTIONS GROUP ASG PLC". Rekvizitai.lt Lithuania. Retrieved 2 October 2023.
  8. ^ "Competition Council of the Republic of Lithuania". 2 April 2015. Archived from the original on 2 April 2015. Retrieved 14 November 2019.
  9. ^ Rekvizitai.lt. "FL Technics". Rekvizitai.lt. Retrieved 14 November 2019.
  10. ^ Rekvizitai.lt. "BAA Training". Rekvizitai.lt. Retrieved 14 November 2019.
  11. ^ Rekvizitai.lt. "Jet Maintenance Solutions". Rekvizitai.lt. Retrieved 14 November 2019.
  12. ^ ""Aviation Asset Management" planuoja plėtrą ir keičia pavadinimą". DELFI. Retrieved 14 November 2019.
  13. ^ ""Aviation assets management" perka lėktuvus už 83 mln. litų". tv3.lt. Retrieved 14 November 2019.
  14. ^ Rekvizitai.lt. "Small Planet Airlines UAB". Rekvizitai.lt. Retrieved 14 November 2019.
  15. ^ Ascend secures AOC Airliner World June 2024 page 6
  16. ^ "Condensed Consolidated Interim Financial Information" (PDF). Avia Solutions. Retrieved 25 January 2024.
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