Lithuania’s GetJet Airlines handed extra lift by GECAS
Hurrying to fill the void created by the exit of several European charter and ACMI (aircraft, crew, maintenance and insurance) carriers, including Small Planet, Azur Germany, Cobalt, VLM and Germania, Lithuania’s young airline GetJet is to lease three additional Airbus A320s.
GECAS has announced the lease agreement for three A320-200 aircraft to GetJet Airlines, with all deliveries due to take place in the spring of this year.
“The addition of these new aircraft is an important step in our strategy to fill the gaps in the market and swiftly adjust to the current context of the rapidly changing aviation scenario,” says Aleksandr Celiadin, GetJet’s executive chairman.
The announcement comes on the heels of the carrier recently taking delivery of an Airbus A330-300, thereby for the first time adding a wide-body to its fleet as it explores the possibilities of expansion into new, long-haul markets.
“Recent developments in our region have forced us to react quickly to satisfy growing passenger flows and support our wet lease customers and tour operators,” says Celiadin.
When the A320s are delivered, the Vilnius-based carrier will be operating a fleet of 15 aircraft – seven A320s and seven Boeing 737 Classics, and a recently added wide-body Airbus A330. This expanded fleet will allow GetJet to serve new clients and offer a broader range of operations.
“As the first airline in the Baltics to have an Airbus A330 in our fleet, we can offer long-haul ACMI and long-term wet lease solutions, with both wide-body and narrow-body aircraft. Having recently secured long-term contracts with the region’s largest tour operators and legacy airlines in Europe, we believe we are well positioned in our niche as a one-stop shop,” Celiadin adds.
Founded in 2016, the IOSA-registered GetJet has Finnair, LOT, Tunisair and TAP in its client list. In 2018, GetJet Airlines generated €52.41 million in revenue with a 12 per cent profit margin.
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