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Avia Solutions Group office building. Photo by Vladimir Ivanovo (V)
500 million The aviation business group that plans to invest in euros is requesting permission from the government to rebuild the hangar at Vilnius airport, where planes are being repaired and repaired.
mon on Monday announces that it plans about 7 million. Eur rebuilt 2,898 square meters M. m of hangar, increasing it to 5,500 m2. my creating 200 new jobs.
The project is currently being evaluated by a government commission that inspects transactions important to national security.
Verification procedures are currently underway for the planned investment in VA Reals, a subsidiary of Avia Solutions Group. As soon as the information collected during the verification procedure is received, the commission will convene a meeting, says Prime Minister Rasa Jakilaitien’s spokesman, BNS.
In recent years, Lithuanian national security authorities have been cautious about investments made by Avia Solutions Group, led by businessman Gediminas Iemelis, due to its previous operations at the Ukrainian Moscow airport.
moni grup states that in 2018 it ceased all connections to the ukovskis airport project and sold part of the assets managed by the airport.
The Government’s National Security Commission was also informed about this decision, according to a press release.
According to the report, all business development projects are financed by Avia Solutions Group and by investments attracted by institutional investors in the US and UK markets.
Provides great expansion
The group announces a forecast for 2020-2025. total investment program, the volume of which will exceed 500 million. EUR. These investments will be used for the construction of new aircraft repair hangars, pilot training centers, the acquisition of companies and aircraft, the development of business infrastructure and the introduction of new digital technologies.
In Lithuania, Kaunas FEZ, 14,000 sq.m. M. m FL Technics aircraft engine repair shop.
The Aerocity district with more than 50,000 square meters is being built on the streets Dariaus ir Girno in Vilnius. m office, room and highly qualified staff in the apartment complex. The group points out that in 2025, more than 8,000 professionals will work and live, serving a group of companies around the world. NewTech’s Valley of Innovation and Technology will also open at the complex this year.
It is stated that, in addition to the previous investments, it is expected to allocate more than 50 million. EUR.
The group announces that its FL FLics continues to expand its geography and expands into airports in the United Kingdom (United Kingdom), Italy, Romania, Ukraine, Germany, Canada, the United States and others.
According to the report, all business development projects are financed by ESG funds and investments attracted by institutional investors in the US and UK markets.
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