The ACMI business continues to boom in the Baltics, as Avion Express leases its own additional planes.
The ACMI (aircraft, complete crew, maintenance and insurance) business continues to boom in the Baltic countries, where start-ups like Grand Cru Airlines and GetJet Airlines, the leisure carriers Small Planet Airlines and SmartLynx, and even the national carriers airBaltic and Nordica are all getting in on the act.
Arguably the most significant player, however, is Avion Express, which calls itself the largest narrow-body ACMI operator in the world. It has just signed its own leasing agreements to obtain three additional Airbus A320 aircraft.
These three planes have just been added to the Avion fleet, which now comprises 18 A320-family aircraft. During this coming summer and autumn, all three newly leased-in aircraft will be flying on behalf of Avion Express clients in Europe.
With the three extra aircraft, Avion says it has completed its fleet expansion for this year.
Avion Express works with clients in Europe, South America and Asia Pacific. Earlier in 2018, it leased planes and crew at short notice to Finnair and to the Lufthansa and Turkish Airlines joint venture SunExpress.
The fleet, which is now the biggest since the Vilnius-based company was founded in 2005, originally with four Saab 340s, has been growing consistently since 2011 when Avion started to operate its first Airbus A320.
“During 2018 and beyond, we will continue working hard to further strengthen our standing as a forward-thinking leader in the ACMI market,” the company said in a statement.