Author: Gediminas Žiemelis

Boeing MAX ‘Situation’ Costs Airlines $1 Billion Per Month

Reading Time: 2 minutes In March 2019, aviation regulators and airlines around the world grounded the Boeing 737 MAX airliner after two brand new aircraft crashed in five months, killing 346 people aboard. While the decision was reasonable, it was an expensive one. In its second quarter of 2019 results, Boeing estimated that disruptions, in relation with Boeing 737 […]

Global ACMI Will Reach $7.07 Billion by 2025

Reading Time: 2 minutes Just until recently wet leasing was considered a way to solve short term problems like seasonal volumes, maintenance checks, groundings, etc. Lately, though, long-term wet leasing from third parties has grown considerably in Europe. Aviation’s ACMI global market revenue is projected to reach over USD 7.07 B by 2025, the ACMI business model has become […]

How Your Heavy Coat Can Cut Airline’s Profit?

Reading Time: 2 minutes It is a well known fact that aviation business is an expensive pleasure. In order not to lose their space in the market by constantly increasing ticket prices, airlines take a different route and shift their focus on reducing operational costs to increase their profit. Probably the best known example of incredible savings achieved by […]

No More Need to Own a Private Jet

Reading Time: 2 minutes Owning a private jet has long been a symbol of wealth and success, but the market seems to be showing a rather drastic shift. According to JETNET, year over year, manufacturing companies are seeing decreases in the number of aircraft being purchased and newer models of aircraft especially are also seeing a significant drop in […]

Did You Know How Expensive Flying is?

Reading Time: 2 minutes Over the last decade, with the rise of low-cost airlines, flying became accessible to the masses – over 4.3 billion passengers were carried on scheduled flights in 2018 and the number is still on the rise. Passengers enjoying the historic-low ticket prices do not always perceive the heavy cost burden associated with flying. The expenses […]