Tag: Avia Solutions Group

FL Technics Finalizes Year 2018 with a €10,8 Million Net Profit

Reading Time: 2 minutes FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, earned €119 million in revenue in 2018, which is approx. 14% more than in 2017 (€103 million) and reached net profit of €10.8 million (€5,7 million in 2017). “Persistence, LEAN implementation in our maintenance process and a rapid reaction to ever changing […]

AviaAM Financial Leasing China adds Emirates to its Client Portfolio

Reading Time: 1 minute AviaAM Leasing, a global aviation holding company engaged in tailored aircraft leasing and trading services, has announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has recently acquired one more Boeing 777-300ER. The aircraft equipped with GE90-115BG03 engines joined the fleet with a […]

Avia Solutions Group’s Net Profit Reached €14.05 million in 2018

Reading Time: 2 minutes Avia Solutions Group, the largest aviation services and solutions company group from Central & Eastern Europe, earned €420 million in consolidated revenue in 2018, a 25% increase from the year before (€337 million). Avia Solutions Group consolidated net profit increased by 96% to €14.05 million (€7.1 million in 2017). „The 2018 was another successful year […]

AviaAM Leasing Had a One More Successful Year in 2018

Reading Time: 1 minute AviaAM Leasing, one of the most efficient aircraft leasing and trading companies around the globe, earned EUR 49.3 million revenues (including net gain on sale of aircraft) and posted a record net profit of EUR 29.1 million for the year ended 31 December 2018. The net profit grew by 9% as compared to 2017 (EUR […]

Is One Pilot Greater Than Two?

Reading Time: 3 minutes Aviation evolves and some things that were deemed as necessary are no longer needed. Regulations tend to lag behind technological developments, so it often takes time before capabilities are implemented, even when it is technically possible. Other times the paradigm is what lags and old methods stay because of public reception. The next in commercial […]

A New Era of Narrow Bodies to Revolutionize Long Distance Travel

Reading Time: 4 minutes The growth of commercial air transportation has ushered in new trends in how people travel, and with it, new sub-industries have emerged. The airline transportation market is growing at an unprecedented rat. In 2016, for instance, airlines carried a 7% increase in passengers over 2015. With new passengers comes new demands. Because of this growth, […]

Real Benefits to Aviation from a Virtual Source

Reading Time: 3 minutes From video games to aviation, and even video games about aviation, virtual reality has a strong foothold in society; and thanks to rapidly developing technologies virtual reality is earning an invaluable place in the very real field of aviation. More effective training for pilots and mechanics In the purest sense, virtual reality is already implemented […]

Wet Lease to Grow 10% by 2022

Reading Time: 2 minutes In recent years, the aviation industry has developed rapidly and this is unlikely to end any time soon. The strong expansion can be seen across aviation, and particularly in passenger traffic. Growth is accelerating too: according to Eurostat, EU-28 passenger traffic rose by around 4% in 2012 and this increased to 5.8% in 2016. Factors […]

Smart Way for Estonia to Avoid Illegal State Airline Support?

Reading Time: 3 minutes 2015 was a rough year for Estonia and its national flag carriers. After European Commission concluded the airline had been given illicit state aid, Estonian Air went bankrupt as it could not afford to return the sums – € 85 million. At the same period of time, as a contingency plan, Estonian state established new […]

Gediminas Ziemelis: 2017 Was Interesting, but 2018 Will Blow our Minds

Reading Time: 2 minutes The air transport industry in 2017 was definitely a ride to remember: travel bans, laptop bans, a handful of bankruptcies, all at the backdrop of unprecedented financial results for airlines. In this end-of-year post, I’d like to go back to several events that made history. This list does not intend to be complete or objective, […]