Avion Boom, one in every of the biggest ACMI (Airplane, Crew, Maintenance, and Insurance) operators globally, has successfully performed company restructuring course of initiated in 2021 due to the impact of the Covid-19 pandemic.
Avion Boom UAB fulfilled its obligations to creditors almost two years before time table and became the vital airline in Lithuania to successfully whole its company restructuring course of. Right thru this course of, the firm not easiest ensured the continuity of its operations, nonetheless also grew its enterprise.
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“The limitations on air dash one day of the Covid-19 pandemic disrupted your whole aviation industry. To fulfil obligations to our creditors and to construct decided the continuity of our enterprise, one day of 2021 we launched a monetary restructuring course of. Since initiating the course of, we dangle got consistently met our commitments to our creditors and companions, whereas successfully rising our enterprise, which helped us to discontinue the restructuring course of before time table,” acknowledged Darius Kajokas, the CEO of Avion Boom.
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Darius Kajokas credit the a success restructuring and the firm’s yelp one day of this era to the swift recovery of the air dash market and the flexibleness of Avion Boom’ enterprise model:
“Post-pandemic, passenger visitors rebounded swiftly, with industrial airways racing towards time to re-establish their operations. This resulted in a surge in demand for ACMI products and providers, whereby airways, our possibilities, lease aircraft along with crew, repairs, and insurance. Agility and responsiveness enabled us to present suggested ideas for various airways to renew their products and providers to passengers globally,” Kajokas elaborated on the firm’s expansion one day of the restructuring phase.
Avion Boom UAB, which operated a fleet of 14 Airbus A320s and A321s before the pandemic, along with its sister firm Avion Boom Malta, has operated a fleet of over 50 aircraft in unusual years. Currently, it’s one in every of the sector’s biggest ACMI airways. As phase of its extra expansion, one day of Q4 2023 Avion Boom has began the course of of acquiring an Air Operator’s Certificate for its ACMI subsidiary in Brazil. Avion Boom’ possibilities consist of airBaltic, Air France-KLM Neighborhood airways, British Airways Neighborhood airways, Lufthansa Neighborhood airways, SunExpress, TUI, VivaAerobus, Wizzair and loads others. Crew of Avion Boom for the time being contains additional than 1,700 aviation mavens, who’re serving its ACMI possibilities worldwide.
