newstodate.aero
Nov 29, 2023 (newstodate): Claiming the position as the world's largest ACMI provider, Lithuania's Dublin-based Avia Solutions Group has announced strong Q3/23 financial results.
-2023, especially the extremely active summer season, demonstrated the tremendous need for ACMI services in the aviation industry worldwide, says Jonas Janukenas, Avia Solutions Group CEO.
-During Q3, the group continued its active expansion of the aircraft fleet, adding 24 new units since the beginning of the year, bringing the fleet to a total of 197 passenger and cargo aircraft.
-Expanding in Southeast Asia and South America is a key strategic direction for the group, allowing us to balance the reduced seasonal demand in Europe during the winter by shifting aircraft to these regions.
-Additionally, significant investments are being made in MRO infrastructure for the group's aviation companies providing ACMI services.
-Recently, Avia Solutions Group has begun the construction of a 20,000 m2 aircraft maintenance hangar in the Dominican Republic and a 17,000 m2 aircraft maintenance hangar in Bali.
-The group's subsidiary, Avion Express has established an ACMI airline in Brazil to serve the needs of clients in Colombia, Chile, Brazil, and the Dominican Republic.
In Q3, the main revenue-generating regions for Avia Solutions Group were Europe with 69.4 percent, Asia with 19.2, North and South America with 5.8, Africa with 3.9, and Australia and the Pacific with 1.1 percent.
The most significant change, compared to 2022, is observed in Asia, where the group's annual revenue increased by 9.2 percent, y-o-y.