Avia Solutions Group acquires Slovak airline AirExplore
Acquisition of AirExplore, based in Bratislava, comes as the next step in Avia's global business development plans
Avia Solutions Group, the world’s largest aircraft, crew, maintenance, and insurance (ACMI) provider, has acquired the Slovak ACMI and charter airline AirExplore.
"The acquisition of the airline, which is based and headquartered in Bratislava, comes as the next step in Avia Solutions Group’s business development plans worldwide," says an official release.
With 13 years in the industry, AirExplore is a leading airline in the region, operating 10 Boeing 737-800 type aircraft: eight passenger and two freighters, the release added. "The acquisition will further increase Avia Solutions Group’s aircraft fleet, which consists of 180 aircraft."
The financial details of the deal were not announced.
Jonas Janukenas, CEO, Avia Solutions Group says: “Slovakia offers a dynamic business environment and having an AOC here presents a significant advantage, providing vast opportunities for extended geographic reach and new routes."
Martin Stulajter, CEO, AirExplore adds: “Becoming a part of the leading aviation services group and the world’s largest ACMI provider will not only provide our airline with valuable know-how and access to best industry practices but will also present new business opportunities, strengthening our positions in the market. We anticipate an exciting period for our airline’s growth and development."
Avia Solutions Group holds nine AOCs in Europe and plans to announce an AOC in Indonesia during July 2023, expanding its current presence to surpass 68 countries worldwide, the release added.