GetJet Aviation Holdings, an international aviation services group headquartered in Vilnius, Lithuania, has announced robust financial results for the fiscal year 2024, recording a net profit of €25.4 million. The group’s total revenues reached €184.3 million, underlining its strong performance and strategic diversification in the highly competitive ACMI and aircraft maintenance (MRO) sectors.
SmartLynx Airlines, a Latvia-based ACMI and charter specialist, has entered into a wet lease agreement with Vietnam Airlines, extending its growing presence in the Southeast Asian market. Although the aircraft type and duration of the agreement have not been disclosed, the deal signifies further expansion of SmartLynx’s global leasing footprint.
Mauritania Airlines has commenced operations with an Airbus A321, manufacturer serial number (MSN) 3522, under a wet lease agreement with SmartLynx Airlines, a Latvia-based ACMI and charter provider. This new lease replaces a previously operated Airbus A320, MSN 3880, which was returned to the same lessor.
SmartLynx, a Latvian ACMI and charter operator, has expanded its fleet with the delivery of an Airbus A321, serial 3522, on lease. The aircraft is equipped with V2533-A5 engines, known for their reliable performance and operational efficiency.
airBaltic, the flag carrier of Latvia, has cautioned that it may need to secure additional funding from its shareholdersshould unfavorable conditions persist into the second half of 2025. The airline’s statement underlines growing financial uncertainty in a challenging market environment, with the company preparing for multiple potential outcomes.
airBaltic has released its financial results for the first quarter of 2025, showing a relatively stable revenue performance alongside a notable improvement in profitability. The Latvian flag carrier posted revenues of $148.6 million, reflecting a marginal 0.3% increase compared to the same period in the previous year. Despite minimal revenue growth, the airline demonstrated considerable cost management and operational…
SmartLynx Airlines, based in Latvia, has announced plans to significantly adjust its fleet strategy by the end of 2025. The airline will retire its last Airbus A321F freighter and will transfer all Boeing B737-8 aircraft to sister carriers under its parent group structure by autumn 2025.
airBaltic, the national airline of Latvia, has officially launched an international executive search to appoint a new Chief Executive Officer, following the departure of longtime CEO Martin Gauss. The process is expected to last approximately three months, and notably, the airline confirmed that no compensation or severance will be paid to Gauss.
Air Peace, Nigeria’s largest carrier, has taken delivery of one Airbus A320 aircraft, on wet lease from Latvian ACMI operator SmartLynx. The aircraft, bearing serial number 2233, is powered by CFM56-5B4/P engines, a reliable workhorse engine widely used across the A320 family.
airBaltic, the flag carrier of Latvia, has announced a major leadership change as CEO Martin Gauss stepped down from his position following a decision made at the company’s regular Shareholders’ Meeting. Pauls Calitis, currently serving as Chief Operating Officer (COO) and a Management Board Member, has been appointed as Interim CEO.
