January 30, 2020: Avia Solutions Group, following the advice of Capital Partners, signed an agreement with the BB Holding ehf. to acquire 100 percent of the shareholdings of Bluebird Nordic.
Gediminas Ziemelis, founder, chairman of the board of directors of Avia Solutions Group commented on the agreement: “With this new acquisition, Avia Solutions Group steps into the narrow-body ACMI cargo business. Being the biggest passenger ACMI group with one of the largest corporate airline in Europe, we were actually missing cargo operations. Differently from long-haul wide-body cargo business, narrow-body demand is growing fast, driven by electronic trade and others. Today, we own 7 AOCs in various countries and our plan is to achieve synergy between pilots pool, maintenance and lease costs.”
Bluebird Nordic uses a fleet of 6 aircraft and operates scheduled as well as charter flights, while also offering cargo export and import services from and to Iceland, serving more than 100 locations worldwide.