Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, has announced its financial results for the third quarter of this year. The company’s adjusted EBITDA is €316 million, representing a 31% growth compared to the same period last year when it was €242 million. Furthermore, the group’s revenue increased by 22% to reach €1.64 billion, compared to €1.34 billion for the same period in the previous year.

According to Jonas Janukenas, CEO of Avia Solutions Group, financial results of Q3 is a direct reflection of the substantial demand for ACMI services in the global aviation market.

During the third quarter of this year, the group continued its active expansion of the aircraft fleet, adding 24 new ones since the beginning of the year. Additionally, significant investments are being made in MRO infrastructure for the group’s aviation companies providing ACMI services. The total investment in the initial development phase in the region amounts to €25 million.

Recently, Avia Solutions Group has begun the construction of a 20,000 sq. m aircraft maintenance hangar in the Dominican Republic and a 17,000 sq. m aircraft maintenance hangar in Bali. The group’s subsidiary, Avion Express has established ACMI airline in Brazil to serve the needs of clients in Colombia, Chile, Brazil, and the Dominican Republic.