Market Intelligence: -Simulator Training Center
World’s Largest ACMI Provider and Aviation Conglomerate Avia Solutions Group Reports Euro 1.2 Billion in Revenue for H1 2024
Avia Solutions Group, the world’s largest ACMI provider (Aircraft, Crew, Maintenance, and Insurance) services and owner of global pilot training group BAA Training, announced that in its first half results of 2024 it reported a 34% growth in EBITDA year-on-year to €179 million.
Over the first half of 2024, European customers accounted for 55.1% of revenues, while Asia accounted for 27.9%. The Americas, Africa, Australia and Pacific Islands represented 11.8%, 2.7%, and 1.2%, of revenues respectively.
Driving this increase in revenues, and a 44% increase in net profit for the second quarter of 2024 compared to the second quarter of 2023, was the implementation of Avia Solutions Group’s ongoing strategy of investing in bolstering its capacity in a timely manner to meet the continued strong demand from airlines globally for additional aircraft during their peak seasons.
The Avia Solutions Group has ongoing plans to further expand its global presence and ability to offer capacity solutions, particularly during peak seasons, to airlines around the world. The Group is planning to obtain further air operator certificates (AOCs) in Malaysia, Thailand, Philippines and Brazil in the near future.
As part of this strategy, the Group completed the acquisition of Australian based Skytrans in the first half of 2024. The obtained AOC brings the total number of air operator certificates held by the group to 11.
“Our performance over the first half of 2024 underscores our strong market position and ability to meet the rising demand for passenger aircraft. Our 44% growth in net profit for the second quarter is a testament to our team’s dedication and the trust our airline partners place in us, particularly during the peak holiday season in counter seasonal markets. We remain committed to driving further growth and delivering value to our stakeholders.” Jonas Janukenas, CEO of Avia Solutions Group, said. “As such, we will continue to expand our worldwide services operations, fleet capacity and capabilities to continue delivering exceptional services across passenger and cargo operations to customers.”
Testament to investor confidence in the Group’s strategy is the increase of group equity capital by €307 million to €655 million over the first half of 2024. Part of this growth in group equity capital included US-based Certares Management LLC, a private equity investment firm which invested into Avia in 2021, electing to convert its preferred shares to ordinary shares.
To further the Group’s business development initiatives, Avia Solutions Group also successfully issued US$300 million of five-year senior unsecured bonds with coupon of 9.75% in the first half of 2024.
Avia Solutions Group offers its services to customers including some of the largest airlines in the world. The group operates in 68 countries around the world and consists of 100+ companies providing a wide range of aviation services like aircraft maintenance and repair (MRO), pilot and crew training, ground handling, and more. The group’s team encompasses 12,000 highly qualified aviation professionals.
Source: Avia Solutions Group
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Global Operator of Pilot Training Center Ansett Aviation Training Announces 2024 Appointment for General Manager – Australia and New Zealand
Ansett Aviation Training, a global operator of full flight simulator training centers, has announced the appointment of a General Manager, Australia and New Zealand – Mr Logan C.
“Welcome Logan…great to have you joining our team.” shared Mark Delany, CEO of Ansett Aviation Training.
“I am proud to announce that I am taking on the role of General Manager, Australia and New Zealand for Ansett Aviation Training in Melbourne, starting Mid-September. Here’s to new beginnings, growth, and making an impact at Ansett Aviation Training.” shared Logan C.
About Ansett Aviation Training
Ansett Aviation Training (AAT) is a global pilot training solution provider operating and housing over 28 full flight simulators across 6 different training centres. Its headquarters are located at Tullamarine International Airport in Melbourne, Australia with two additional training centres in Australia, two international ones in Milan, Italy and Taipei, Taiwan as well as the Middle East Training Center located in Dubai, United Arab Emirates.
Source: Ansett Aviation Training
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L3Harris Secures 1 Year Comprehensive Pilot Training Contract with Aer Lingus UK for Training in London
L3Harris has recently secured a significant training agreement with Aer Lingus UK, marking the first time the two organizations have contracted directly for pilot training services. This one-year contract encompasses a wide range of training programs designed to support pilots at various stages of their careers.
The comprehensive training package includes A330 Dry Training, Cross Crew Qualification (CCQ), Line Flying Under Supervision (LIFUS), A330 Type Ratings, instructor courses, and refresher training at L3Harris’s London Training Centre (LTC). The agreement ensures a minimum commitment, highlighting Aer Lingus UK’s dedication to maintaining the highest standards in aviation training.
Mark Julian, the Training and Standards Manager at Aer Lingus UK, said: “Partnering with L3Harris for our pilot training needs provides excellent synergies. Their proven expertise and state-of-the-art training solutions align perfectly with our commitment to excellence and safety in aviation.”
Dave Coward, VP and General Manager for Training Services at L3Harris, commented: “This contract is a testament to the quality services we offer airline partners. It highlights Aer Lingus UK’s commitment to long-term training solutions, and we look forward to providing high-quality, immersive training solutions that empower their pilots to fly with confidence.”
L3Harris has a proven track record of delivering effective and customized training solutions to airlines and leasing companies worldwide. Its Full Flight Simulators provide pilots with realistic and immersive training scenarios, ensuring they are well-prepared to excel in the cockpit.
Alan Crawford, President of L3Harris Commercial Aviation, adds: “We are thrilled to embark on this new partnership with Aer Lingus UK. Our state-of-the-art training solutions are designed to meet the specific needs of airlines, and we are committed to delivering the highest quality training that ensures pilots are equipped with the skills and confidence to excel.”
Source: L3Harris