Kuala Lumpur, Malaysia – Ascend Airways, a Malaysian airline, has announced the appointment of Stuart Cross as Advisor to the Chairman.
About Ascend Airways
Ascend Airways Malaysia is part of Avia Solutions Group, the world’s largest ACMI provider. It aims to enhance connectivity and offer exceptional passenger experiences.
Source: Stuart Cross (Ascend Airways Malaysia)
Ho Chi Minh City, Vietnam based full flight simualtor training center BAA Training Vietnam, a branch of global pilot training group BAA Training and a member of Avia Solutions Group, welcomed 8 Indian cadets who started their Type Rating training in December 2024.
BAA Training Vietnam lists out advantages to Indian pilots including:
Source: BAA Training Vietnam
Cebu, Philippines – Airworks Aviation Company welcomed the second batch of cadets from the Cebu Pacific Air Cadet Pilot Program in November 2024 as they arrived at Mactan-Cebu International Airport. The batch represents the next group of aspiring pilots to undergo training under the partnership.
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: Vincent Charles Ong (Airworks Aviation)
Photo Credit: Vincent Charles Ong (Airworks Aviation Company)
USA – Flight Schedule Pro, a software solutions provider specializing in flight training and pilot management, has appointed Bryan Landaburu as its new Chief Marketing Officer. The announcement comes as the company, part of the Mainsail Partners portfolio, focuses on consolidating its recent acquisitions and redefining its market approach.
Statements:
Learn more about Flight Schedule Pro or Mr. Landaburu by connecting with him through his LinkedIn profile here.
Source: Bryan Landaburu (Flight Schedule Pro)
Photo Credit: Flight Schedule Pro
Dublin, Ireland – Dublin-based Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, which operates a 221 aircraft fleet in total, split between 183 passenger aircraft and 38 freighters, has announced its financial results for the three quarters of this 2024.
The Group’s revenues increased by 25% to €2,06 billion compared to the same period last year, while net profit also rose to €83,3 million from €70,8 million. The group’s EBITDA for the period stands at €406 million, an 29% increase compared to the same period last year.
Over the first 9 months of 2024, the main revenue-generating regions for Avia Solutions Group were Europe (55,1%) and Asia (27,9%). The Americas, Africa, Australia and Pacific Islands represented 11,8%, 2,7%, and 1,2% of revenues respectively.
Avia Solutions Group has an ongoing strategy of investing in bolstering its capacity to meet the continued strong demand from airlines globally for additional aircraft during their peak seasons. The Group completed the acquisition of Australian based Skytrans in the first half of 2024, bringing the total number of air operator certificates held by the Group to 11 and over the third quarter also established its first AOC in Thailand, Thai SmartLynx. The Group is planning to obtain further air operator certificates (AOCs) in Malaysia, Philippines and Brazil by the end of 2025.
Jonas Janukenas, CEO of Avia Solutions Group said: “Expanding into Southeast Asia and other counter cyclical markets represents a pivotal strategic direction for the group. These regions offer significant growth opportunities and enable us to optimize fleet utilization year-round. By leveraging the robust demand in these markets, particularly during Europe’s off-peak winter season, we can effectively balance seasonal variations, ensuring our aircraft remain active and profitable while supporting our global network and customer needs.”
According to Janukenas, the cargo market has proved challenging in 2024 due to overcapacity. However, the Group anticipates increasing activity in the cargo market in 2025.
To further the Group’s business development initiatives, Avia Solutions Group also successfully issued US$300 million of five-year senior unsecured bonds with a coupon of 9,75% in the first half of 2024.
Testament to investor confidence in the Group’s strategy is the increase of group equity capital by €300 million in 2024. This growth in group equity capital relates to 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.
In November, the Group placed its first direct order for 80 Boeing 737 MAX, split between 40 firm and 40 purchases rights. The deliveries will start in 2030.
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 250+ 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 14,000 highly qualified aviation professionals.
Source: Avia Solutions Group
Photo Credit: Avia Solutions Group
