Avia Solutions Group is an Irish-registered aviation group that is owned by Lithuanian businessman Gediminas Ziemelis, and it expects revenues this year to amount to USD 3 billion (EUR 2.853 billion at today’s exchange rate).
Ziemelis is the company’s CEO, and he says that “2019 was a benchmark for the aviation sector in that that the largest number of passengers was carried (4.5 billion), the largest number of aircraft was used (more than 26,000), and there were other positive indicators, as well. In 2024, by comparison, we have exceeded pre-pandemic levels, and the IATA and other market players expect the market results to be at 104% of the level that existed in 2014.”
Ziemelis also noted that his company has added several others with air operator certificates in Australia, Turkey, the UK and Indonesia, pointing to these as the Avia Solution Group’s greatest achievements this year. He added that similar certificates are soon expected in Brazil, Thailand, the Philippines and Malaysia.
In 2023, the group’s revenues rose 22% to EUR 2.3 billion, with net profits growing 5.5 times over to EUR 68.2 million.
Source: BNS
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