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 the number of aircraft being [...]
Avia Solutions Group, a global multipurpose aviation holding, has entered into an agreement to acquire 100 per cent of the shareholding in UK-headquartered Chapman Freeborn Group – a worldwide market leader for aircraft charter solutions. The acquisition agreement was signed in London, United Kingdom on 14 June 2019. The addition of Chapman Freeborn’s worldwide businesses will bolster current business lines [...]
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 start with the planes themselves. [...]
Locatory.com, an aviation IT company primarily acting as an aircraft parts locator, a part of Avia Solutions Group, is continuously looking for opportunities in rapidly growing aviation market and always suggest new solutions for its clients. The company is spreading its services portfolio not just with IT solutions but also with actual physical additions that would improve the work for [...]
There is no doubt that aviation industry has a great impact on environment. Various Non-governmental organizations (NGO) worldwide are searching for the best ways to solve the issue of rapidly growing carbon dioxide emissions as the number of air passengers exceed every forecast. And not just NGOs, as aircraft manufacturers are carefully designing new engines and other solutions to reduce [...]
AviaAM Leasing, a global provider of tailored aircraft leasing and trading services, has announced the sale of one Airbus 321-200 to Aergo Capital with lease attached to SmartLynx Airlines. The aircraft was acquired earlier this year and, after comprehensive technical preparation, refurbishment and repainting, has been leased to Latvian ACMI operator. Currently, the aircraft is being operated by the lessee [...]
In a money heavy industry like aviation, financing is the difference in success and failure. At the moment, only players who have a proven track record are able to keep a strong foothold in the industry, but the tides could soon be changing as countries like Japan set up tax regulations that encourage Japanese investors and equity sourced from Japan [...]
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 competitive environment were the key [...]
