Lithuania’s Avion Express signs lease deal with AviaAM Leasing

Two leased Airbus A321 aircraft to be operated on behalf of Thomas Cook Airlines (Avion Express)

Reflecting the steadily growing activity of Aircraft Crew Maintenance Insurance (ACMI) and aircraft leasing industries in the Baltic States, the Vilnius, Lithuania-based Avion Express has signed a new lease deal with AviaAM Leasing, a Lithuanian company, for two Airbus A321 aircraft to be operated on behalf of Britain’s Thomas Cook Airlines.

Under the latest operating lease agreement, Avion Express will fly the aircraft for the next six years. Both aircraft will operate for Thomas Cook Airlines during the summer season. The two A321s will join the 10 aircraft already leased out to the British leisure airline, making a total of 12 Airbus A320-family aircraft flying for Thomas Cook Airlines this year.

Avion Express was created in 2005 as Nordic Solutions Air Services to operate SAAB 340 cargo and passenger aircraft. It was rebranded to Avion Express in 2008 and, in 2011, introduced its first Airbus A320 passenger aircraft, to eventually become one of the foremost narrow-body ACMI operators working with clients in Europe, South America, Asia-Pacific and the Caribbean (there it leases four aircraft to Cubana) regions.

During summer the company will operate a total of 18 Airbus A320-family aircraft.