Investments will contribute to each other „Avia Solutions Group“ a development phase focused on the growth of passenger and cargo aviation, aircraft maintenance and engineering services, crew training, ground handling and logistics services. The Group intends to use the investment, in particular, for further strategic acquisitions and other development goals of the company. The board members of Avia Solutions Group will be joined by the members of the board of Certares in the USA, which will further strengthen the management of the organization. In addition to contributing to Avia Solutions Group’s growth plans, this new partnership will give the group access to Certares’ impressive experience and extensive network of partner players.
Gediminas Žiemelis, Founder and chairman of the board of Avia Solutions Group, said: “We are pleased to welcome Certares, based in the USA, as a new strategic partner for our group. This important partnership is the beginning of the next long-term development phase of Avia Solutions Group and the continuation of the development of our global partnership network.
We are confident that Certares’ impressive experience and focus on the travel industry will be an invaluable asset in the next phase of Avia Solutions Group’s growth. “
Tom Klein, Senior CEO, Certares, said: “Over the years in business, Avia Solutions Group has been able to establish itself in the market as one of the largest providers of aviation services. By investing in Avia Solutions Group, we aim to contribute to the further growth of the group of companies in the aviation sector, where the group already has a guaranteed advantage in terms of service quality and supply.
Avia Solutions Group is an international aviation services group operating almost 100 offices and production stations. The group of companies unites more than 7,000 professionals providing cutting-edge solutions in the aviation industry and beyond. Avia Solutions Group provides aircraft repair, training and selection of pilots and other aviation specialists, ground handling and refueling, business class flights, aviation IT solutions, travel organization and other services. The group serves over 2,000 customers from America to Asia and has more than 500 licenses for a variety of activities.
Certares, United States 2012 Founded in 2006, the company focuses on direct investment in proprietary transactions, drawing on its extensive experience in the tourism industry and a strong focus on development-friendly work with partner management teams. Certares has assembled a team with decades of operational and investment experience in the fields of private equity, travel, tourism, hospitality and travel-related business and consumer services. More information about Certares-www.certares.com.
The transaction is expected to be completed in 2021. in the fourth quarter, after obtaining the necessary authorizations from the competition and supervisory authorities in the respective countries where the counterparties operate.
The transaction was brokered by an international investment bank Morgan Stanley & Co. International, and the legal advisers are the law firm White & Case.
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