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Lithuania aviation news

Business aviation MRO is into new-gen aircraft and modifications during first half of 2017

With half of the year 2017 almost gone, experts in the private jet MRO industry tend to look back at the trends that developed through the year. This year, new generation aircraft as well as cabin modifications are the ‘hot topics’, both of which are pushing MROs to change service scope and variety. Changing fleet composition is among the key future game-changers for business aircr...

Locatory.com signs cooperation agreement with HNA Technic

Aircraft spare parts and repair capabilities marketplace Locatory.com is further expanding its presence in Asia by signing a contract with HNA Technic, MRO unit of the HNA Group – biggest private airline group in China. The Asian company will conduct its spare parts trade on behalf of 20+ airlines using Locatory.com. HNA Technic will be listing over 20 000 commercial aircraft parts on the...

Removing the copy+paste barrier in aircraft spare parts supply

As it stands today, Airbus and Boeing have a total of over 11 000 new aircraft in their backlogs. Inevitably, all of these machines will blend into the ageing worldwide fleet, amounting to a colossal 40 000 aircraft in 2035, says Boeing. Nevertheless, as the numbers in this graph flourish, delays and flight cancellations are also on an upward trend, amounting to losses of almost quarter of a milli...

May Marked a Historic Record of Passenger Traffic in Lithuanian Airports

May 2017 became symbolic in the history of Lithuanian aviation because Lithuanian Airports handled more than half a million passengers, i.e. 13.3% more than during the same period last year, and achieved the best result in the history of Lithuanian aviation. Until now, the record month in terms of the number of passengers was August 2016 when 481,000 passengers, that is, 6% fewer than in May 2017,...

AviaAM Leasing reports €80,8 million revenue, profit growth in 2016

AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, has announced its financial results of 2016 recording significant increase in business volumes – company’s revenue tripled to €80,8 million, operating profit jumped by 75% from €13,9 million in 2015 to €23,1 million in 2016. Net profit grew from €9,1 million to €16,1 million. The c...

Kaunas Airport is getting ready to become the capital of flights in Lithuania

From temporary departure and arrival terminals that are being built to additional aircraft parking – preparations for the significantly increased passenger flow are in full swing at Kaunas Airport. The temporary infrastructure that is being created and the airport apron that is being reconstructed at the moment will allow Kaunas to handle flights and passengers transferred from Vilnius Airpo...

Lithuanian Airports: the Number of Passengers Has Surged to Record Levels in 2016

The year 2016 was the record year for Lithuanian Airports: 4.8 million passengers were served and the number of flights reached 52 thousand. The greatest increase was demonstrated by Palanga Airport where the number of passengers has surged by 60 per cent and reached 233 thousand. The CEO of Lithuanian Airports Gediminas Almantas was pleased that last year was the best year for Lithuanian Airpo...

Semmco appoints FL Technics as their Distribution Partner in 24 countries across Europe and Asia

FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, signed a cooperation agreement with Semmco, a UK-based manufacturer of ground support equipment and aviation access platforms. Under the agreement, FL Technics shall act as Semmco’s exclusive representative in 24 countries across Southeast Asia, Eastern Europe and the CIS. FL Technics will exc...

Vilnius Airport runway reconstruction will cost nearly €25m

The runway reconstruction planned for the summer of 2017 at Vilnius Airport will cost nearly €25m to the enterprise. Such an estimate was made taking into account the prices of the necessary technical work under the project and the expenditures of other European airports for such work. The estimated price will not be increased because the open procedure for stage 1 work the value of which tot...

FL Technics diversifies its base maintenance client portfolio

FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, continues the diversification of its base maintenance client portfolio by signing a new deal with an airline from the MENA region – Express Air Cargo. Under the agreement, FL Technics shall provide redelivery checks on two of the carrier’s Boeing 737s. Both Boeing 737-300 aircraft have...

KlasJet adds 3rd business jet to its fleet – Hawker 800XP

European business aviation company KlasJet has announced the expansion of its business jet fleet by adding a third aircraft – mid-size Hawker 800XP. The new business jet is already delivered to KlasJet and operates charter flights across European destinations. The mid-size twin-engine Hawker 800XP accommodates up to 8 passengers and thee crew members. Built in 2000, the aircraft has a re...

Edge of remarketing: are Chinese lessors ready for the upcoming wave of second leases?

The recent Farnborough 2016 airshow has brought over $120 billion-worth of orders. In their pursuit to operate the latest aircraft models, Asian customers, to no one’s surprise, are leading the order books. But the upcoming delivery of hundreds of new aircraft will inevitably force market players to find new owners and lessors for the aging fleet. With still rather moderate experience in air...