NEWS

Catch up with the latest ground-breaking news from our companies and the global aviation industry.
11 June
G.Ziemelis: Did You Know How Expensive is Flying?
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.
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10 June
Locatory.com launches new service – aircraft engine stands leasing for MROs and airlines
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 MROs and airlines. Now, Locatory.com introduces their new service – aircraft engine stands leasing.
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31 May
Helisota - the place where helicopters reborn
Did you know Lithuania’s aviation industry marks 100 years jubilee this year? Last week, ASG communication department visited Helisota in Kaunas, which based right at the heart of the cradle of Lithuania’s aviation industry, where Lithuanian engineers constructed their aircraft. Later, in the second half of the 20th century, the premises were a closed military zone where helicopters were produced on a quite large scale. 
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30 May
Green Flying: is it possible to implement?
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. 
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28 May
AviaAM Leasing sells Airbus 321-200 with lease attached
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.
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20 May
FL Technics finalizes year 2018 with a €10,8 million net profit
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).
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16 May
AviaAM Financial Leasing China adds Emirates to its Client Portfolio
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.   
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14 May
BAA Training to train Turkish Airlines pilots
Turkish Airlines, one of the top airlines in the world, has signed a contract with BAA Training for a Cadet training program. One of the TOP 3 biggest independent aviation training centers in Europe, BAA Training, is proud to announce that it will deliver training to almost 300 cadets for the airline in 3.5 years.
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14 May
AviationCV.com has announced the appointment of Mindaugas Gumauskas as Chief Executive Officer (CEO) of the company.
Formerly Head of TVPlay Premium Baltics at All Media Baltics, Mr. Gumauskas is succeeding Skaiste Knyzaite, who had led the company since January 2011.
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06 May
AIR Convention Asia 2019 is officially on, Aviation Industry Awards winners revealed
Commercial aviation forum AIR Convention Asia launched in Bangkok, Thailand on May 1, 2019. Inviting hundreds of aviation professionals, decision-makers and influential companies, the event is the biggest commercial aviation forum held in the country. 
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