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)
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] As of January 2024, Avia Solutions Group manages a fleet of 200 aircraft among the group companies.[6]
In 2022, the group’s revenue reached €1,9 billion and EBITDA at €288 million.[7]
History
This section needs expansion. You can help by adding to it. (April 2024)
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 €7.53mln .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]
Structure
This section needs expansion. You can help by adding to it. (April 2024)
