AviaAM Leasing, one of the most efficient aircraft leasing and trading companies around the globe, earned EUR 49.3 million revenues (including net gain on sale of aircraft) and posted a record net profit of EUR 29.1 million for the year ended 31 December 2018. The net profit grew by 9% as compared to 2017 (EUR 26.8 million).
"This was a successful year for our company. We focused on our strategic path in both the development and management of complex aircraft projects from acquisition to tailored reconfiguration and leasing solutions. Our joint venture in China expandedits fleet and attracted world-leading strategic partners. This business prevalence allows us to operate even faster in the current dynamic market, therefore we anticipate even better results in 2019," says Tadas Goberis, Chairman & CEO at AviaAM Leasing.
Last year the company together with its joint venture, AviaAM Financial Leasing China acquired and leased 14 brand new and mid-life aircraft and completed 6 aircraft sale transactions with leases attached. The company cooperated with such airlines as Air Transat, Thomas Cook, Avion Express, Aeroflot, OK Airways and others.
Also, AviaAM Financial Leasing China, a joint venture of AviaAM Leasing and Henan Civil Aviation Development and Investment Company, attracted a new strategic partner – the world's largest insurance and finance group Ping An Insurance (Group) Company of China. The current value of the joint venture's aircraft fleet reached almost 1 billion USD.