Avia Solutions Group, based in Dublin, reported a 25% revenue increase to €2.06 billion for the first nine months of 2024, with net profit rising to €83.3 million. The group’s EBITDA reached €406 million, a 29% increase. Europe and Asia were the main revenue sources, contributing 55.1% and 27.9%, respectively. The group acquired Skytrans and established its first AOC in Thailand, aiming for more AOCs in Malaysia, Philippines, and Brazil by 2025. CEO Jonas Janukenas highlighted the importance of expanding into Southeast Asia for growth and fleet utilization, despite challenges in the cargo market.

Source: https://www.stattimes.com/aviation/avia-solutions-group-revenue-up-25-to-2-billion-for-9m2024-1353835