Avia Solutions Group
TypePrivate company
IndustryAviation, tourism
Founded2010[1]
HeadquartersDublin, Ireland
Key people
Gediminas Ziemelis (chairman of the board)
Jonas Janukenas (CEO and member of the board)
Pascal Picano (member of the board)
Zilvinas Lapinskas (member of the board)
Linas Dovydenas (member of the board)
Tom Klein (member of the board)
ServicesSee services listing
Revenue€1.853 billion (2022) [2]
€162 million (2022) [2]
Number of employees
11 000+ (2023)
DivisionsAeroTime Hub
AviationCV.com
Aeroclass.org
Air Convention
AirExplore
Arcus Air Logistic
Arcus OBC
Ascend Airways
AviaAM Leasing
AviaAM Leasing China
Avia Solutions Group Arena
Aviator
Avion Express
BAA Training
BAA Training France
BAA Training Spain
BAA Training Vietnam
BGS
BGS Rail
Bluebird Nordic
BBN Airlines Indonesia
Busnex
Chapman Freeborn
Chapman Freeborn OBC
Chevron Technical Services
Digital Aero Technologies
Enginestands.com
EV Motors
FL Technics
FL Technics Engine Services
FL Technics Indonesia
Flash Line Maintenance
Helisota
Intradco Global
JETMS
KlasJet
Locatory.com
Loop Holding
Magma Aviation
MOMook
FL Technics Online Training
Sensus Aero
Seven Live
Skyllence
SmartLynx
Storm Aviation
Wright International
Biggin Hill Hangar Company
RatingFitch Ratings – BB
S&P Global Ratings – BB-
Websitewww.aviasg.com

Avia Solutions Group is a provider for passenger and cargo airlines worldwide.[3] Headquartered in Dublin (Ireland),[4] the group manages over 100 offices and production facilities globally and employs a majority of its employees in Europe.[5] In 2023 June, Avia Solutions Group manages a fleet of 199 aircraft among the group companies. [6]

In 2022, the group’s revenue reached €1,9 billion and EBITDA at €288 million.[7]

History

Prehistory

In 2005, the history of Avia Solutions Group began when Lithuanian Airlines, the national airlines of Lithuania, was privatized. LAL investment management acquired 100% of the airline shares for 7.53 million Euro. The airline was re-branded and several companies were registered, including Baltic Ground Services (ground handling),[8] FL Technics (aviation maintenance, repair, and operations), and Bilietų Pardavimo Centras (travel agency). In 2005, FL Technics was founded.[9] The company opened its first hangar at Vilnius International Airport. In November 2006, Baltic Aviation Academy (now known as BAA Training) was founded. The company provides professional training for aviation specialists.[10] In 2007, JetMS was founded under the name FL Technics Jets.[11] In 2007, Aviation Asset Management was founded (now known as AviaAM Leasing[12]).[13] In 2008, a charter airline called Small Planet Airlines was founded.[14]

Foundation

The history of Avia Solutions Group began in 2005, when Lithuanian Airlines, the national airlines of Lithuania, was privatized. LAL investicijų valdymas (LAL Investment Management)[15] acquired 100% of the airline shares for €7.53 mln .The airline was re-branded as FlyLAL and several companies were spun – out, including Baltic Ground Services[16] (ground handling), FL Technics (aviation maintenance, repair, and operations), and Bilietų Pardavimo Centras (travel agency). In 2008, FlyLAL filed a lawsuit against Latvian carrier airBaltic, accusing airline of price dumping. In 2009, FlyLAL was forced to declare bankruptcy with around 29 million euros in debts after the government refused to bail the company out and a potential buyout deal failed.[17] In 2014, Court of Justice of the European Union allowed to arrest the property of airBaltic and Riga International Airport in order to ensure main proceedings, seeking compensation for damages from alleged infringements of European Union competition law in the FlyLAL lawsuit against airBaltic for price dumping.[18]

Expansion

In the beginning, Avia Solutions Group covered three aviation business areas, including ground handling (Baltic Ground Services), aircraft maintenance (FL Technics) and travel services (Bilietu Pardavimo Centras).

In December 2005, Bilietų Pardavimo Centras became a member of IATA and in November 2006, changed its name to BPC Travel (stands for Best Price for Consumers Travel) to better reflect its business philosophy. BPC Travel left Avia Solutions Group in 2010.[19]

In July 2006, Baltic Ground Services was sold to UAB Finansų spektro investicija.[20] The company was bought back by Avia Solutions Group from investment company Invalda in November 2008. In the same year, Baltic Ground Services became the first company in Europe and the tenth in the world[21] to receive IATA Safety Audit for Ground Operations (ISAGO)[22] certificate. In January 2015, Baltic Ground Services joined IATA's Ground Handling Council (IGHC).[23]

In November 2006, Baltic Aviation Academy (originally flyLAL Training) was established based on the training center of FlyLAL. Company provides training for 10+ aircraft types and operates full flight simulators for Airbus A320[24] and other aircraft.

In 2007, the group established Aviation Asset Management (now AviaAM Leasing). In June 2008, it signed its first third-party lease contract with Kazakh Scat Air.[25] AviaAM leasing left the group in 2010. In 2013, AviaAM Leasing launched its IPO and is now listed on WSE.[26]

In 2008, Avia Solutions Group separated its charter flights activities from FlyLAL and established a separate charter airline. In July 2010, it underwent a major re-branding and became Small Planet Airlines.[27] In March, 2013, Avia Solutions Group sold 99.5 per cent of Small Planet Airlines UAB (Lithuania) and Small Planet Airlines Sp. z.o.o. (Poland) to an investment group led by the carrier's management team.[28]

In 2010, FL Technics achieved Boeing 737 NG base maintenance certificate.[29] In October 2011, Boeing selected FL Technics as its GoldCare partner.[30] In 2014, FL Technics invested $4 million in new high-tech MRO hangar in Kaunas.[31] In 2014, company launched Online Training™,[32] a remote EASA Part-147-compliant training program, based on visually enhanced materials available online.

In 2010, Avia Solutions Group established an IT company, which developed its own platform to trade aircraft inventory and maintenance services. In 2014, Locatory.com launched Amber A.I., artificial intelligence tool that converts e-mail parts inquiries into searches.[33]

In 2011, Avia Solutions Group launched AviationCV.com,[34] a global provider of aviation jobs specialists resourcing solutions for airlines, MRO providers and other industry companies.

In 2011, Avia Solutions Group was listed on the Warsaw Stock Exchange (WSE).[35]

In 2011, Groups’ MRO company FL Technics acquired 100% of UK based Line maintenance provider Storm Aviation.[36]

In 2013, Avia Solutions Group acquired Helisota,[37] an international provider of MRO services for rotorcraft aviation that provides services for Mi and Robinson aircraft.

In 2013, Avia Solutions Group launched its own private jet charter carrier called KlasJet.[38] The carrier is based in Vilnius, Lithuania, and operates its flights throughout Europe, CIS and other regions.

In 2014, BAA Training launched an aviation training IT software developer MOMook.[39]

In 2015, Avia Solutions Group launched a Lithuanian tour operator Kidy Tour,[40] as well as a UAV-based infrastructure inspections provider Laserpas.[41] The company sold its interest to the management of Laserpas in August 2018.[42]

In 2016, Avia Solutions Group launched a competence development center Emblick,[43] acquired Estonian tour operator GoAdventure EE.[44] The Group's subsidiary in Indonesia also opened a new MRO center in Jakarta.[45]

In 2018, daughter company of Avia Solutions Group, BAA Training has announced the establishment of a new company in Vietnam—BAA Training Vietnam.[46]

In August, 2018, FL Technics Indonesia received Part-145 certificate from the Federal Aviation Authority.[47]

In October, 2018, FL Technics established a joint venture in Harbin (PR of China) with Aircraft Recycling International Limited to provide MRO services.[48]

In October, 2018, BAA Training installed 2 new full flight simulators in Vilnius (Lithuania) and opened a training base in Lleida-Alguaire International Airport (Spain).[49] BAA Training signed a Memorandum of Understanding with Henan Civil Aviation Development and Investment Company (HNCA) to establish Joint Venture aviation training company in Henan, China[50]

In October 2018, Baltic Ground Services established a new railway freight company – BGS Rail in Ukraine.[51]

On November 20, 2018, Avia Solutions Group was delisted from the Warsaw Stock Exchange.[52]

In December 2018, Baltic Ground Services (BGS) announced the acquisition of a ground handling company in Germany.[53]

In October 2019, Avia Solutions Group acquired British air charter specialist Chapman Freeborn.[54]

On January 24, 2020, Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of the Icelandic Air Freight services provider Bluebird Nordic.[55]

In February, 2020 FL Technics acquired Italian line maintenance services provider Flash Line Maintenance S.r.l.[56]

On February 14, 2020, Avia Solutions Group signed an agreement to acquire Scandinavian ground handling company – Aviator.[57]

In April 2020, Avia Solutions Group joined The American Chamber of Commerce in Lithuania.[58]

On June 18, 2020, Chapman Freeborn acquired Arcus Air Logistics.[59]

In July 2020, a subsidiary of Avia Solutions Group Jet Maintenance Solutions established JetMS Regional.

In November 2020, tour operator Kidy Tour was renamed to Tiketa Tour.[60] In December 2021, the company changed its name back to Kidy Tour.[61]

In December 2020, a subsidiary of Avia Solutions Group FL Technics acquired Canadian MRO company Wright International.[62]

In February 2021, Avia Solutions Group's subsidiary BAA Training Spain began its operations.[63]

In March 2021, a subsidiary of Avia Solutions Group Jet Maintenance Solutions specializing in private and business aircraft maintenance, repair and overhaul acquired London based RAS Group (now JETMS Completions) consisting of Ras Completions Limited and RAS Interiors Limited.[64][65]

In April 2021, a subsidiary of Avia Solutions Group FL Technics launched a full-scale service FL Technics Logistics Solutions.[66]

In May 2021, BAA Training established an MRO organisation Avia Repair Co at Lleida-Alguaire International Airport in Spain.[67]

In August 2021, FL Technics' subsidiary Storm Aviation acquired Manchester-based Chevron Technical Services.[68]

In September 2021, Avia Solutions Group announced an entry into a strategic partnership with Certares Management LLC through a 300 million euro investment.[69]

In October 2021, Avia Solutions Group acquired Biggin Hill Hangar Company Limited, the owner of Hangar 510, a Fixed Base Operations (FBO) and Maintenance Repair & Overhaul (MRO) centre of operations at London Biggin Hill Airport.[70]

In Dec 2021, Avia Solutions Group announced the launch of 'Digital Aero Technologies', a new business unit uniting digital and technology-focused companies working in aviation.[71]

In April 2022, Avia Solutions Group subsidiary FL Technics acquired a Hanover-Based facility for aircraft wheels and brakes services.[72]

In May 2022, Avia Solutions Group subsidiary Chapman Freeborn OBC opened a new office in Dubai.[73]

In May 2022, Avia Solutions Group entered an agreement with JETEX to operate a FBO at Hangar 510 at Biggin Hill Airport (EGKB/BQH).[74][75]

In June 2022, Avia Solutions Group opened the aviation innovation valley 'AeroCity Tech Valley' in Vilnius, Lithuania.[76]

In August 2022, The Group's subsidiary Chapman Freeborn opened a new office in New York.[77]

In August 2022, through its subsidiary BBN Cargo Airlines, Avia Solutions Group established a new cargo airlines BBN Airlines Indonesia based in Jakarta.[78]

In Dec 2022, Avia Solutions Group adds new aircraft type Boeing 737 BBJ2 to its fleet via KlasJet, the subsidiary providing business aviation and ACMI services. [79]

In Feb 2023, the Group's subsidiary KlasJet, begins ACMI operations and adds 8 Boeing 737-800 aircraft to its fleet.[80] It is the 3rd brand in the Group offering ACMI service, in addition to SmartLynx Airlines and Avion Express.

In May 2023, the Group acquires AirExplore, the largest airline in Slovakia operating a fleet of 10 Boeing aircraft. [81]

In July 2023, Avia Solutions Group acquires a UK-based airline operator Synergy Aviation, Ltd. and rebrands the company to Ascend Airways. [82]

Awards

In 2011, Avia Solutions Group was recognized as one of the best debutants on WSE.[83]

In 2012, Linas Dovydenas, CEO at Avia Solutions Group was awarded as the CEO of the year by the readers of business news website and newspaper “Verslo Zinios”.[84]

In 2012, Gediminas Ziemelis, Chairman of Avia Solutions Group, was selected amongst the top 40 most talented young leaders in the aviation industry by Aviation Week & Space Technology.[85]

In 2014, Gediminas Ziemelis, the chairman of the board of Avia Solutions Group, Anatolij Legenzov, CEO of Helisota have been included in the Aviation Weeks' Top 40 young leaders under 40 list. Gediminas Ziemelis became only person to be included two times in a row with his first repeat appearance in 2012.[86]

In June 2016, Avia Solutions Group received a National Public Champion award and was named amongst 10 best European businesses in the RSM Entrepreneur of the Year category at the European Business Awards.

Avia Solutions Group was named Exporter of the year for 2018 by the Lithuanian Industrialist Confederation.[87]

Corporate governance

Board

The management board currently has 6 members. Gediminas Ziemelis, chairman of the board, and 5 members – Jonas Janukenas, chief executive officer at Avia Solutions Group, Zilvinas Lapinskas, CEO of FL Technics, Linas Dovydenas, Chief Commercial Officer of Avia Solutions Group, Pascal Picano and Tom Klein, Member of the Board at Avia Solutions Group.[88]

Shareholders

As of Dec 2022, the Group's ordinary shares are distributed in the following proportions.[89]

Shareholder No of shares  % Share
Vertas Management AB

(UBO Mr Gediminas Ziemelis)

 61,500 0,08
Vertas Aircraft Leasing Limited

(UBO Mr Gediminas Ziemelis)

 17,078,622 21,96
Vertas Cyprus LTD

(UBO Mr Gedminas Ziemelis)

 2,780,272 3,57
FZE Procyone (UBO Gediminas Ziemielis) 37,702,469 48,47
Indeco: Investment and Development UAB

(UBO Mr Vaidas Barakauskas)

 734,163 0,94
Mesotania Holdings Ltd.

(UBO Mr Vaidas Barakauskas)

 11,416,335 14,68
Group Management 4,232,860 5,44
Other Shareholders 3,771,556 4,85
Total number of shares 77,777,777 100

Convertible preferred Shares:

Shareholder No of shares  % Share
Certares Compass LLC 19,444,444 100

Structure

Current companies

Avia Solutions Group has offices in Lithuania, Cyprus, Ireland, UAE, the US, the UK, Serbia, Estonia, Thailand and Indonesia, China.[90] As of 2022, Avia Solutions Group controls the following companies:[91]

  • FL Technics, FL Technics Indonesia, Flash Line Maintenance, Storm Aviation Ltd, Enginestands.com, JetMS, Helisota, FL Technics Engine Services, Wright International, JETMS Holdings, Chevron Technical Services – providers of maintenance and repair of commercial and business aviation airplanes, as well as helicopters;
  • BAA Training, BAA Training Spain, BAA Training Vietnam, BAA Training China, BGS Training, FL Technics Online Training, AviationCV – aviation training and recruitment providers;
  • Avia Solutions Group Consulting – aviation consulting services;
  • AviaAM Leasing, AviaAM Leasing China – aircraft leasing and trading service providers;
  • Chapman Freeborn, Intradco Global, Arcus Air Logistic, Arcus OBC, Skyllence – charter broker services providers;
  • Chapman Freeborn OBC, Arcus Air Logistic, Arcus OBC – time critical logistics providers;
  • Avion Express, SmartLynx Airlines, AirExplore, Ascend Airways – ACMI lease service providers;
  • BGS, Aviator – ground handling and fueling provider;
  • BGS Rail – railway freight transport;
  • Chapman Freeborn – flight ops and dispatcher services providers;
  • Busnex – public transportation solutions provider;
  • Digital Aero Technologies, Aeroclass, Locatory.com, Sensus Aero, MOMook, Nordic Dino, FL Technics Online Training, AeroTime Hub, Air Convention Digital Week, Enginestands.com, EVMOTORS.EU - Online platforms, e-learning, marketplaces .[92]
  • KlasJet – business aviation charter air carrier and business jet manager;
  • AeroTime Hub, AIR Convention, Seven Live – Aviation Media and Events;
  • Magma Aviation, BBN Cargo Airlines Holdings, BlueBird Nordic, BBN Airlines Indonesia, SmartLynx, Arcus Air Logistic, Arcus OBC – airfreight service providers;
  • Loop Holding – hospitality holding company and hotel operator.

Previous companies

Companies that were part of Avia Solutions Group:

  • FlyLaL – national airline of Lithuania (bankrupt)
  • BPC Travel – travel agency (spun out)
  • UAB Passenger Terminal – construction company to build a new passenger terminal at Vilnius Airport (abandoned)[93]
  • Small Planet Airlines – charter airline (sold)
  • Laserpas – provider of aerial infrastructure inspections by UAVs (sold)
  • BGS Poland - ground handling services provider (sold)

References

  1. ↑ "Avia Solutions Group – Founded". Registru centras. 2010-08-12. Retrieved 2015-03-24.
  2. 1 2 "Independent Auditor's Report" (PDF).
  3. ↑ "Avia Solutions Group – Global Aviation Multi-Service Provider". aviasg.com. Retrieved 2022-07-21.
  4. ↑ "Pagrindinė "Avia Solutions Group" būstinė perkelta į Airiją". lrt.lt (in Lithuanian). 2023-03-01. Retrieved 2023-03-01.
  5. ↑ Sergijenko, Dina. "Naujoje "Avia Solutions Group" būstinėje Vilniuje – 1.000 darbo vietų". vz.lt (in Lithuanian). Retrieved 2019-11-12.
  6. ↑ ""Avia Solutions Group" įsigijo Slovakijos avialinijų bendrovę "AirExplore"". lrt.lt (in Lithuanian). 2023-06-02. Retrieved 2023-06-05.
  7. ↑ Lithuania, Rekvizitai lt. "AVIA SOLUTIONS GROUP ASG PLC". Rekvizitai.lt Lithuania. Retrieved 2023-10-02.
  8. ↑ "Competition Council of the Republic of Lithuania". 2015-04-02. Archived from the original on 2015-04-02. Retrieved 2019-11-14.
  9. ↑ Rekvizitai.lt. "FL Technics". Rekvizitai.lt. Retrieved 2019-11-14.
  10. ↑ Rekvizitai.lt. "BAA Training". Rekvizitai.lt. Retrieved 2019-11-14.
  11. ↑ Rekvizitai.lt. "Jet Maintenance Solutions". Rekvizitai.lt. Retrieved 2019-11-14.
  12. ↑ ""Aviation Asset Management" planuoja plėtrą ir keičia pavadinimą". DELFI. Retrieved 2019-11-14.
  13. ↑ ""Aviation assets management" perka lėktuvus už 83 mln. litų". tv3.lt. Retrieved 2019-11-14.
  14. ↑ Rekvizitai.lt. "Small Planet Airlines UAB". Rekvizitai.lt. Retrieved 2019-11-14.
  15. ↑ Privatisation of state-owned enterprises in Lithuania
  16. ↑ The competition council authorised the concentration deal by FlyLAL Group services subject to conditions Archived April 2, 2015, at the Wayback Machine
  17. ↑ FlyLAL bankrupt, minister demands investigation
  18. ↑ "62013CJ0302". eur-lex.europa.eu. Retrieved 2021-08-12.
  19. ↑ "Private Jet Charter". Wednesday, 11 January 2017
  20. ↑ "Baltic Ground Services was sold to UAB Finansų spektro investicija". Archived from the original on 2015-04-02. Retrieved 2011-08-17.
  21. ↑ ISAGO Begins to Take Hold
  22. ↑ ISAGO registry
  23. ↑ Baltic Ground Services Joins IATA’s Ground Handling Council
  24. ↑ "Baltic Aviation Academy launches A320 simulator". Archived from the original on 2018-07-23. Retrieved 2015-03-23.
  25. ↑ "Aviation Asset Management" plečiasi į Rytus Archived October 6, 2011, at the Wayback Machine
  26. ↑ Shares of AviaAM Leasing debuted on the WSE
  27. ↑ "flyLAL Charters renamed Small Planet Airlines". Archived from the original on 2015-04-02. Retrieved 2015-03-23.
  28. ↑ Avia sells Small Planet Airlines to airline's management Archived April 2, 2015, at the Wayback Machine
  29. ↑ "FL Technics extends capabilities by adding Boeing 737 NG". Archived from the original on 2015-04-02. Retrieved 2015-03-23.
  30. ↑ FL Technics becomes Boeing GoldCare partner
  31. ↑ New FL Technics’ MRO centre in Kaunas welcomes first clients
  32. ↑ FL Technics Training Launches Online Training Courses
  33. ↑ Locatory.com Converts E-Mail Parts Inquiries Into Searches
  34. ↑ "Avia Solutions Group launches AviationCV". Archived from the original on 2018-07-23. Retrieved 2015-03-23.
  35. ↑ "Avia Solutions Group Debuts on Warsaw Stock Exchange". Archived from the original on 23 July 2012. Retrieved 2018-11-22.
  36. ↑ "FL Technics, part of Avia Solutions Group, to Acquire Storm Aviation Ltd., a UK Based Line Maintenance Provider". www.AviationPros.com. 6 September 2011. Retrieved 2019-06-04.
  37. ↑ FL Technics parent branches out into helicopter MRO
  38. ↑ New Air Charter Firm KlasJet Starts Operations
  39. ↑ BAA Training launched an aviation training IT software developer MOMook
  40. ↑ Avia Solutions Group launched a Lithuanian tour operator Kidy Tour
  41. ↑ Avia Solutions Group launched a UAV-based infrastructure inspections provider Laserpas
  42. ↑ "Notice on sale of UAB "Laserpas" shares Avia Solutions Group".
  43. ↑ "Avia Solutions Group launched a competence development center Emblick". Archived from the original on 2018-05-04. Retrieved 2017-04-20.
  44. ↑ Avia Solutions Group acquired Estonian tour operator GoAdventure EE
  45. ↑ The Group’s subsidiary in Indonesia opened a new MRO center in Jakarta.
  46. ↑ "BAA Training establishes pilot training facility in Ho Chi Minh City". 17 April 2018. Retrieved 2018-06-11.
  47. ↑ Gubisch, Michael (2018-08-20). "FL Technics' Indonesian hangar gains FAA approval". Flightglobal.com. Retrieved 2019-06-09.
  48. ↑ "CALC Sets Up A New Chinese MRO JV". MRO Network. 2018-10-15. Retrieved 2019-06-09.
  49. ↑ "Catalunya: Lleida-Alguaire se proyecta como el aeropuerto industrial". La Vanguardia. 2018-10-30. Retrieved 2019-06-09.
  50. ↑ "BAA Training and Chinese HNCA to Open Pilot Training Centre". www.aerotime.aero. Archived from the original on 2020-05-16. Retrieved 2019-06-09.
  51. ↑ "News". www.bgs.aero. Retrieved 2021-07-21.
  52. ↑ "Avia Solutions Group was delisted from the Warsaw Stock Exchange". Retrieved 2018-11-22.
  53. ↑ "News". www.bgs.aero. Retrieved 2021-07-21.
  54. ↑ "Avia Solutions completes acquisition of Chapman Freeborn". Air Cargo News. 2019-10-15. Retrieved 2021-07-21.
  55. ↑ "Avia Solutions Group bought Bluebird Nordic". DELFI. Retrieved 2021-07-21.
  56. ↑ "MRO: FL Technics acquires the Italian Flash Line Maintenance". Air & Cosmos. Retrieved 2021-08-12.
  57. ↑ "Aviator acquired by Avia Solutions". magazine.groundhandling.com. Retrieved 2021-07-21.
  58. ↑ "Avia Solutions Group joins the American Chamber of Commerce in Lithuania".
  59. ↑ "Chapman Freeborn acquires Arcus Air Logistics". The Loadstar. 2020-06-19. Retrieved 2021-07-21.
  60. ↑ "Žiemelio valdoma "Kidy Tour" tampa "Tiketa Tour"". DELFI (in Lithuanian). Retrieved 2021-07-21.
  61. ↑ ""Tiketa Tour" grįžta prie senojo pavadinimo".
  62. ↑ "FL Technics acquires Wright International and takes foothold in Canadian MRO market - AviTrader Aviation News". AviTrader Aviation News. 2020-12-03. Retrieved 2021-07-21.
  63. ↑ "BAA Training Spain starts pilot training with an Airbus A320 FFS". Airline Ground Services. 2021-04-07. Retrieved 2021-07-21.
  64. ↑ "Jet MS acquires RAS Group and extends its services to London Biggin Hill Airport". sc.bns.lt (in Lithuanian). Retrieved 2021-03-18.
  65. ↑ JetMS (2022-03-15). "RAS to rebrand as JETMS Completions". JetMS. Retrieved 2022-03-16.
  66. ↑ "FL Technics hails "exciting" launch of logistics services unit". Aviation Business News. 2021-04-28. Retrieved 2021-07-20.
  67. ↑ "BAA Training Expands Further in Spain: Establishes an MRO Avia Repair Co". aviasg.com. Retrieved 2021-07-20.
  68. ↑ "Storm Aviation Grows UK Network With Chevron Technical Services Acquisition | Aviation Week Network". aviationweek.com. Retrieved 2021-08-30.
  69. ↑ Group, Avia Solutions. "Avia Solutions Group to enter into strategic partnership with Certares through a €300 million investment in the Group". www.prnewswire.com (Press release). Retrieved 2021-09-14.
  70. ↑ "Avia Solutions Group acquires a premium FBO and MRO base at London Biggin Hill Airport". aviasg.com. Retrieved 2021-10-27.
  71. ↑ "New holding company unites digital and technology businesses focused on aviation". aviasg.com. Retrieved 2022-07-19.
  72. ↑ gregoryteach (4 April 2022). "Global MRO Group Invests in Hanover-Based Wheels and Brakes Business | Aviation Maintenance Magazine". www.avm-mag.com. Retrieved 2022-07-19.
  73. ↑ "Chapman Freeborn opens new Dubai OBC office". Air Cargo News. 2022-05-16. Retrieved 2022-07-19.
  74. ↑ "Jetex announces first FBO in London". Business Airport International. 2022-06-13. Retrieved 2022-07-19.
  75. ↑ "Ground Handling and FBOs Across The Globe". FBO Networks, Ground Handling, Trip Planning, Premium Jet Fuel. Retrieved 2023-03-06.
  76. ↑ "Vienintelio Lietuvoje aviacijos inovacijų centro atidaryme Vilniuje – būrys žinomų žmonių". www.lrytas.lt. Retrieved 2022-07-19.
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  78. ↑ Brett, Damian (2022-09-13). "BBN plans to set up Indonesian cargo airline". Air Cargo News. Retrieved 2022-09-21.
  79. ↑ "KlasJet adds Boeing 737 BBJ2 to its exclusive fleet". Bloomberg. 24 November 2022. Retrieved 2022-11-28.
  80. ↑ Orban, André (2023-02-09). "KlasJet begins ACMI operations and adds 8 Boeing 737-800 aircraft to fleet". Aviation24.be. Retrieved 2023-02-10.
  81. ↑ "Charter Airline AirExplore Bought By Avia Solutions Group". Simple Flying. 2023-06-02. Retrieved 2023-06-05.
  82. ↑ Kaminski-Morrow, David. "Avia Solutions to build UK charter carrier after acquiring business jet operator". Flight Global. Retrieved 2023-08-02.
  83. ↑ "Avia Solutions Group awards". Archived from the original on 2015-04-02. Retrieved 2015-03-23.
  84. ↑ Linas Dovydenas, CEO at Avia Solutions Group was awarded as the CEO of the year
  85. ↑ Aviation Week & Space Technology Presents the Rising Stars of Aerospace in "Top 40 Under Forty" Special Issue
  86. ↑ Gediminas Ziemelis
  87. ↑ ""Avia Solutions Group" pripažinta Lietuvos metų eksportuotoja". 15min.lt/verslas. Retrieved 2019-06-09.
  88. ↑ "Group's Board of Directors | Avia Solutions Group". aviasg.com. Retrieved 2022-01-31.
  89. ↑ "Avia Solutions Group Shareholders". Avia Solutions Group.
  90. ↑ "General Contacts". aviasg.com. Retrieved 2022-02-25.
  91. ↑ https://aviasg.com/upload/anualreports/Unaudited-Condensed-Consolidated-Interim-Financial-Information-for-the-nine-month-period-ended-30-September-2021.pdf
  92. ↑ "New holding company unites digital and technology businesses focused on aviation". aviasg.com. Retrieved 2022-01-31.
  93. ↑ Apie UAB „Passenger Terminal“
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