Žiemelis

Chairman of Avia Solutions Group Gediminas Ziemelis: 3 key trends in ACMI leasing as we enter 2024

Retrieved on: 
Friday, March 8, 2024
Tourism, Growth, COVID-19, Air travel, Workforce, Travel, Aircraft, Žiemelis, Optimism, Aviation, Avia Solutions Group, Airline

DUBLIN, March 8, 2024 /PRNewswire/ -- As we step into 2024, Gediminas Ziemelis, Chairman of Avia Solutions Group and a leading figure in ACMI leasing, outlines three pivotal trends shaping the aviation industry, particularly in the realm of ACMI leasing.

Key Points: 
  • DUBLIN, March 8, 2024 /PRNewswire/ -- As we step into 2024, Gediminas Ziemelis, Chairman of Avia Solutions Group and a leading figure in ACMI leasing, outlines three pivotal trends shaping the aviation industry, particularly in the realm of ACMI leasing.
  • Amidst a backdrop of a resurging demand for air travel, with projections nearing pre-pandemic levels, the aviation sector is poised for growth.
  • However, this optimism is tempered by enduring structural challenges including labor shortages, financial constraints, and supply chain disruptions, all of which ACMI leasing can strategically address.
  • With interest rates stabilizing but still high, traditional fleet expansion through borrowing becomes a risky endeavor amidst uncertain long-term demand.

Chairman of Avia Solutions Group Gediminas Ziemelis: 3 key trends in ACMI leasing as we enter 2024

Retrieved on: 
Friday, March 8, 2024
Tourism, Growth, COVID-19, Air travel, Workforce, Travel, Aircraft, Žiemelis, Optimism, Aviation, Avia Solutions Group, Airline

DUBLIN, March 8, 2024 /PRNewswire/ -- As we step into 2024, Gediminas Ziemelis, Chairman of Avia Solutions Group and a leading figure in ACMI leasing, outlines three pivotal trends shaping the aviation industry, particularly in the realm of ACMI leasing.

Key Points: 
  • DUBLIN, March 8, 2024 /PRNewswire/ -- As we step into 2024, Gediminas Ziemelis, Chairman of Avia Solutions Group and a leading figure in ACMI leasing, outlines three pivotal trends shaping the aviation industry, particularly in the realm of ACMI leasing.
  • Amidst a backdrop of a resurging demand for air travel, with projections nearing pre-pandemic levels, the aviation sector is poised for growth.
  • However, this optimism is tempered by enduring structural challenges including labor shortages, financial constraints, and supply chain disruptions, all of which ACMI leasing can strategically address.
  • With interest rates stabilizing but still high, traditional fleet expansion through borrowing becomes a risky endeavor amidst uncertain long-term demand.

10 areas of the aerospace industry to be disrupted by AI tools

Retrieved on: 
Wednesday, September 27, 2023
IATA, Safety management system, Pressure, Maintenance, Insurance, IBM, Reputational damage, Probability, University, Boeing, Life, Avia Solutions Group, Aviation, Foot, Lufthansa Technik, AOG, Circadian rhythm, Airworthiness Directive, Žiemelis, Carbon, Aircraft, SMS, MAX, Emergency airworthiness directive, SAS, Flyway, Holiday, Machine learning, Risk, QA, Algorithm, Germanwings Flight 9525, Anomaly, Artificial intelligence, Alaska Airlines, Weather, Crash, AI, Boeing 737 MAX certification, Health, AD, Death, Mental health, Safety, MRO, Fatigue, Maintenance (technical), Airline

Chairman of Avia Solutions Group Gediminas Ziemelis shares his predictions regarding the areas where AI in aviation will make a massive difference.

Key Points: 
  • Chairman of Avia Solutions Group Gediminas Ziemelis shares his predictions regarding the areas where AI in aviation will make a massive difference.
  • Artificial Intelligence can use both real-time sensor data and predictive historical fault patterns to reduce downtime and overall costs of maintenance.
  • Could an AI model have prevented the suicide-by-pilot disaster of Germanwings Flight 9525 that led to the death of 150 people?
  • An AI solution could help the company quickly locate and ship the part to the aircraft.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Aviation could see $779 billion in total revenues in 2023

Retrieved on: 
Wednesday, January 4, 2023
European Business Awards for the Environment, Žiemelis, Travel, Optimism, The Chartered Institute of Ergonomics and Human Factors, OMX, WSE, Aircraft, International Civil Aviation Organization, MRO, ACMI, Honeywell, Growth, Aviation Week & Space Technology, Avia Solutions Group, Face, Safety, Workforce, Agriculture, Aviation, Economic development, World Economic Forum, IATA, Sale, Initial public offering, Maintenance, International Civil Aviation Day, PE, Airline, Entrepreneurship

Current statistics by the World Economic Forum predict that the net earnings for the global aviation industry will clock at $4.7 billion, although lower than the $26.4 billion reported in 2019.

Key Points: 
  • Current statistics by the World Economic Forum predict that the net earnings for the global aviation industry will clock at $4.7 billion, although lower than the $26.4 billion reported in 2019.
  • As the industry warms up for 2023 prospects, aviation experts and air transport associations like IATA anticipates a return to profitability, effectiveness, and fewer disruptions.
  • The airline industry is projected to reach $779 billion in total revenues in 2023, owing to the growing passenger demand.
  • Revenues from this aviation segment will increase to $149.4 billion, representing a $52 billion drop in figures reported in the last quarter of 2022.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Aviation could see $779 billion in total revenues in 2023

Retrieved on: 
Tuesday, January 3, 2023
European Business Awards for the Environment, Žiemelis, Travel, Optimism, The Chartered Institute of Ergonomics and Human Factors, OMX, WSE, Aircraft, International Civil Aviation Organization, MRO, ACMI, Honeywell, Growth, Aviation Week & Space Technology, Avia Solutions Group, Face, Safety, Workforce, Agriculture, Aviation, Economic development, World Economic Forum, IATA, Sale, Initial public offering, Maintenance, International Civil Aviation Day, PE, Airline, Entrepreneurship

Current statistics by the World Economic Forum predict that the net earnings for the global aviation industry will clock at $4.7 billion, although lower than the $26.4 billion reported in 2019.

Key Points: 
  • Current statistics by the World Economic Forum predict that the net earnings for the global aviation industry will clock at $4.7 billion, although lower than the $26.4 billion reported in 2019.
  • As the industry warms up for 2023 prospects, aviation experts and air transport associations like IATA anticipates a return to profitability, effectiveness, and fewer disruptions.
  • The airline industry is projected to reach $779 billion in total revenues in 2023, owing to the growing passenger demand.
  • Revenues from this aviation segment will increase to $149.4 billion, representing a $52 billion drop in figures reported in the last quarter of 2022.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: West Africa's 64% of grounded fleet globally could be revived by ACMI

Retrieved on: 
Wednesday, November 16, 2022
WSE, Growth, Beauty, Aviation, Avia Solutions Group, Solution, MRO, Leadership, Industry, Aircraft, Sale, Regulation Focused Psychotherapy for Children (RFP-C), Time, Insurance, OMX, Initial public offering, Investment, Aviation Week & Space Technology, Boeing, CEO, PE, Communication, Žiemelis, Agriculture, European Business Awards for the Environment, Avion Express, Airline, ACMI, Entrepreneurship, African

In reality, only a few regional airlines are currently keen on utilizing ACMI solutions to increase their flexibility and advance toward sustainability.

Key Points: 
  • In reality, only a few regional airlines are currently keen on utilizing ACMI solutions to increase their flexibility and advance toward sustainability.
  • ACMI solutions present some significant and sustainable options for airlines in the region.
  • By July 2022, West African countries led the chart with around 64.23% grounded fleet globally, followed by Hong Kong, Iran, and Malaysia.
  • Gediminas Ziemelis is the founder and chairman of Avia Solutions Group - a leading global aerospace services group with almost 100 offices and production stations providing aviation services and solutions worldwide.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: West Africa's 64% of grounded fleet globally could be revived by ACMI

Retrieved on: 
Tuesday, November 15, 2022
WSE, Growth, Beauty, Aviation, Avia Solutions Group, Solution, MRO, Leadership, Industry, Aircraft, Sale, Regulation Focused Psychotherapy for Children (RFP-C), Time, Insurance, OMX, Initial public offering, Investment, Aviation Week & Space Technology, Boeing, CEO, PE, Communication, Žiemelis, Agriculture, European Business Awards for the Environment, Avion Express, Airline, ACMI, Entrepreneurship, African

In reality, only a few regional airlines are currently keen on utilizing ACMI solutions to increase their flexibility and advance toward sustainability.

Key Points: 
  • In reality, only a few regional airlines are currently keen on utilizing ACMI solutions to increase their flexibility and advance toward sustainability.
  • ACMI solutions present some significant and sustainable options for airlines in the region.
  • By July 2022, West African countries led the chart with around 64.23% grounded fleet globally, followed by Hong Kong, Iran, and Malaysia.
  • Gediminas Ziemelis is the founder and chairman of Avia Solutions Group - a leading global aerospace services group with almost 100 offices and production stations providing aviation services and solutions worldwide.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Single Aisle Aircraft drive Global Fleet Recovery in the Post-Covid Era

Retrieved on: 
Thursday, July 28, 2022
Max, WSE, Sale, Airbus, Aviation, Aircraft, Industry, COVID-19, CRJ, Žiemelis, Agriculture, Solution, Airbus A320 family, Disaster, Classification, Economics, A320, Aviation Week & Space Technology, OMX, Leadership, European Business Awards for the Environment, A220, Heart, PE, Face, Engineering, Initial public offering, B737, Comac C919, Avia Solutions Group, Airline, Boeing, Entrepreneurship

Looking at many airlines today, it is apparent that more than 80% of their installed fleet constitutes single-aisle aircraft, ranging from small to middle-sized planes.

Key Points: 
  • Looking at many airlines today, it is apparent that more than 80% of their installed fleet constitutes single-aisle aircraft, ranging from small to middle-sized planes.
  • It is rather evident that backlog issues are a major concern for many airlines as far as the shift toward single-aisle aircraft is concerned.
  • This explains the increased attractiveness of large single-aisle aircraft in the face of current predicaments that characterize the global aviation market.
  • Gediminas Ziemelis is the founder and chairman of Avia Solutions Group - a leading global aerospace services group with almost 100 offices and production stations providing aviation services and solutions worldwide.

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Single Aisle Aircraft drive Global Fleet Recovery in the Post-Covid Era

Retrieved on: 
Thursday, July 28, 2022
Max, WSE, Sale, Airbus, Aviation, Aircraft, Industry, COVID-19, CRJ, Žiemelis, Agriculture, Solution, Airbus A320 family, Disaster, Classification, Economics, A320, Aviation Week & Space Technology, OMX, Leadership, European Business Awards for the Environment, A220, Heart, PE, Face, Engineering, Initial public offering, B737, Comac C919, Avia Solutions Group, Airline, Boeing, Entrepreneurship

Looking at many airlines today, it is apparent that more than 80% of their installed fleet constitutes single-aisle aircraft, ranging from small to middle-sized planes.

Key Points: 
  • Looking at many airlines today, it is apparent that more than 80% of their installed fleet constitutes single-aisle aircraft, ranging from small to middle-sized planes.
  • It is rather evident that backlog issues are a major concern for many airlines as far as the shift toward single-aisle aircraft is concerned.
  • This explains the increased attractiveness of large single-aisle aircraft in the face of current predicaments that characterize the global aviation market.
  • Gediminas Ziemelis is the founder and chairman of Avia Solutions Group - a leading global aerospace services group with almost 100 offices and production stations providing aviation services and solutions worldwide.