Lithuanian ACMI provider GetJet has secured $31 million (£25 million) in external financing from London-based volofin Capital Management Ltd to accelerate its growth strategy and scale aviation asset management capabilities. The funding enables the acquisition of up to five additional narrow-body aircraft, scheduled to be integrated into the fleet by Q2. The expansion targets a robust client pipeline and surging demand for ACMI services.
“This financing reflects the confidence leading finance partners have in our operational performance,” said Darius Viltrakis, chief executive of GetJet Group. “We are scaling to meet the immediate needs of our airline partners, ensuring we have the capacity ready as demand accelerates.”
The carrier recently announced new contracts with Eurowings and Etihad Airways and continues to operate for Air Senegal and Wizz Air. Last summer, the airline supported national carriers such as Royal Air Jordanian and TAP Portugal.
Adam Kubas, director at volofin Capital Management, said: “We are very pleased to be working with the GetJet team on its fleet financing. We look forward to continuing to work closely together on future opportunities by providing tailored asset-based financing.”
The capital will also support the development of aviation asset management and component trading through the affiliated company, Airhub Aviation. The firm manages an aviation asset portfolio valued at €200 million (£166 million) and operates an MRO hangar at Šiauliai International Airport (SQQ), Lithuania.
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