Market Intelligence: South East Asia
Global Pilot Training Solution Provider’s Facility in Brunei Welcomes South East Asian Air Force in August 2024
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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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Vietnamese Pilot Training Facilitator Holds Study Abroad Expo 2024 with Multiple International Flight Schools
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Flight Training Management Software Provider FlightLogger Announces 2024 Leadership Appointments
FlightLogger, a leading provider of flight school management software solutions, has shared changes in its leadership team:
- Founder Kenneth Jeppesen will transition from the role of CEO into the new role of President
- Head of Sales and Marketing Mads D Larsen will transition into the role of CEO from August 2024
- Stig Salling has joined Flightlogger as the new Head of Sales and Marketing
“As I transition into my new role as President, I’ll be focusing on the vision and future development of FlightLogger, ensuring we continue to innovate and lead in aviation training management. I’m also excited to announce that Mads D. Larsen will be stepping into the role of CEO. Mads has been a key part of the FlightLogger team for the past four years, leading our commercial efforts with excellence. I have full confidence in our team, which today is bigger than ever and a perfect combination of passionate aviators, skilled developers, and business professionals. I have no doubt, that under Mads’ leadership, FlightLogger will continue to grow and revolutionize the digital platform for flight schools worldwide.” shared Flightlogger’s President, Kenneth Jeppesen.
“I’m truly honoured to step into the role of CEO at FlightLogger. Huge thanks to Kenneth Jeppesen, Paul Yancich, Daniel Eisen, and the Arcadea Group team for trusting me with this amazing opportunity. I’m excited to carry forward Kenneth’s vision and, together with this amazing team, keep growing the incredible company he’s built. As Kenneth says himself, he continues to be a very active part of this company in his new role as President. FlightLogger is in a really exciting place right now. I honestly couldn’t imagine a more exciting challenge than this one, and I can’t wait to see what we achieve next. I also want to take this opportunity to welcome Stig Salling as our new Head of Sales & Marketing. Stig is yet another example of how we keep strengthening our organisation in our continued ambition to offer the best SaaS solution for managing aviation training.” shared CEO Mads D Larsen.
Source: Flightlogger
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South East Asian Air Force Completes Site Acceptance Test of 6 New Trainer Aircraft
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Philippines-based Flight School Nears Final Stage of MCAA Accreditation
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Philippines-based Flight School Welcomes First 2024 Batch of Cebu Pacific Cadets
Cebu, Philippines – The first batch of Cebu Pacific Air cadets was warmly welcomed recently at the Mactan Cebu International Airport. The event, hosted by abinitio flight training partner Airworks Aviation marks a significant milestone for the aspiring pilots as they take their first steps toward their aviation careers. The Airworks Aviation team expressed their excitement, emphasizing the fulfillment of seeing these dreams turn into reality. Founder of Airworks, Vincent Ong expressed his excitement saying, “My team at Airworks Aviation Company, Inc. is very excited to see this day finally come. As custodians of dreams, nothing gives us greater joy than seeing One Day become Day One“.
The cadets, hailing from Luzon, Visayas, and Mindanao, will undergo extensive training in Cebu with abinitio flight training partner Airworks Aviation.
In June 2024 Cebu Pacific (CEB), the fast growing Philippines based low-cost carrier operating over 80 aircraft, announced that it was partnering with Philippines based flight training organisation Airworks Aviation for its Cebu Pacific Cadet Pilot Program. The program is currently the only airline in the country offering this program, giving aspiring pilots high-quality training experience, mentorship, and guaranteed employment path with the airline. Over a five-year period, CEB will deploy a total of 240–300 Cadet Pilots to Airworks.
The 96 week program will see aspiring pilots get their Commercial Pilot License with Instrument Rating as well as a type rating on either Airbus A320 or ATR72-600.
Source: Airworks Aviation
Photo Credit: Airworks Aviation
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Philippines-based Aviation and Pilot Training Group AAG Celebrates August 2024 Graduation of 13 Pilots
Clark, Philippines based aviation and pilot training group Alpha Aviation Group (AAG) Philippines which operates the largest flight training operation in the Philippines celebrated the graduation ceremony of 13 pilots of its Airline Pilot Program (APP) in August 2024.
Just in July AAG welcomed its third APP intake for this year and the 75th since the program’s inception in 2011.
Source: AAG
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Philippines-based Flight School Airworks Aviation Graduates Join Cebu Pacific in 2024
Cebu, Philippines based flight training organisation Airworks Aviation Company’s graduates continue to join in large numbers the Philippines largest low cost carrier Cebu Pacific Air.
The Airworks Aviation team witnessed an emotional moment as students learned they had passed the Trainee First Officer program screening and will soon join Cebu Pacific Air, flying the Airbus A320. The students’ reaction was heartwarming, with many spontaneously crying tears of joy as their dreams of becoming airline pilots came true.
Vincent Charles Ong expressed how fulfilling it is to support and see students achieve their goals saying, “There are no words to describe how fulfilling it is to be able to help and witness students achieve their dreams… truly priceless moments like this is what we live for at Airworks Aviation Company.”
Source: Vincent Charles Ong
Photo Credit: Cebu Pacific (shown as meta image)