Industry

Published on May 10th, 2023 | by Jenny Jacobs

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Avia Solutions Group Establishes Worldwide Headquarters in Dublin

On Friday 5th May 2023, Avia Solutions Group announced the establishment of their new global headquarters in Dublin. The new office in Dublin is expected to create up to 50 permanent job positions and will serve as a strategic location for Avia Solutions Group’s global operations. Following the transfer Avia Solutions Group becomes the second largest Irish-registered aviation business after Ryanair.

“Moving the company’s controlling headquarters to Ireland is a strategically important step for us in terms of our further development plans,” said Jonas Janukenas, CEO of Avia Solutions Group. “Ireland is known as a global aviation hub. A large number of aviation companies are located here, hence, being closer to the aviation community we will be able to implement the group’s development plans faster and maintain market leadership“The Group had previously financed expansion on the Dublin Stock Exchange with a USD$300 bonds issue in 2019, that were purchased by the world’s largest institutional investors from the USA and Europe, and this was also one of the reasons for choosing Ireland,” added Janukenas. 

In 2021, the group additionally received a €300 million investment from Certares, a US-based investment management company, focusing on travel, tourism and hospitality sectors. “Ireland is at the centre of this growth, having developed a world-renowned expertise in global aviation finance, was the first European country to ratify the Cape Town Convention in 2005, has 14 of the world’s top 15 lessors based here, with approximately 50% of the world’s leased aircraft managed or leased from Ireland,” said Janukenas.

The latest issued financial results for Avia Solutions Group for the financial year ending 31st December 2022, showed that their financial results for 2022 doubled: revenue increased to €1,9 billion, EBITDA at €288 million, and adjusted profit totalling €85 million. In 2022, 96% of Avia Solutions Group’s revenue was generated by operations in Western Europe (81%), Asia (10%), and North America (5%). 

Avia Solutions Group is the largest global ACMI (aircraft, crew, maintenance, and insurance) provider with more than 173 aircraft fleet, and a parent company of SmartLynx Airlines, Avion Express, BBN Airlines, KlasJet, Magma Aviation and more operating in all continents in the world. The Group also provides various aviation services such as MRO (maintenance, repair, and overhaul), pilots and crew training, ground handling and other interconnected solutions. Avia Solutions Group is backed by over 11,000 highly skilled aviation professionals worldwide.

Avia Solutions Group’s headquarters, located at Central Park in Leopardstown, Dublin 18, anticipates having up to 50 specialists from various fields working at the location.

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About the Author

Jenny has been involved behind the scenes with Flying In Ireland since it’s foundation in 2002, initially creating the crosswords for the hard copy magazine. Since returning to Ireland from the UK at the beginning of this year she has begun to write more regularly for the website. Jenny is a director and the operations manager of Pilot.ie a dedicated online pilot supplies shop and consultancy for pilots in Ireland in partnership with FlyingInIreland Editor Mark Dwyer. Their 4 year old daughter Maeve is the boss.



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