Dublin based Avia Solutions Group, the world’s largest aircraft, crew, maintenance, and insurance operator, reported €1.2bn in revenue for the first half of 2024, with a 34pc growth in earnings (Ebitda) year-on-year to €179m.
Founded in Lithuania by chairman Gediminas Ziemelis but based in Leopardstown since last year, the group offers crewed aircraft on a “wet-lease” basis to airlines, utilising a fleet of 214 planes under brands like SmartLynx Airlines, Avion Express, and AirExplore, among others.
Avia Solutions Group has significantly expanded its fleet since 2020 and borrowed $300m during the period to support its operations, with plans to further grow the fleet to 400 planes by 2027 or 2028, potentially shifting to owning more aircraft outright.
The group’s strategic acquisitions, including Australian airline Skytrans, have expanded its operational capabilities, with plans to obtain additional air operator certificates in Malaysia, Thailand, the Philippines, and Brazil, showcasing its commitment to global expansion and service enhancement for both passenger and cargo operations.
