2011 ANNUAL REPORT OF AVIA SOLUTIONS GROUP TABLE OF CONTENTS
1. CEO'S WORD.
2. ABOUT AVIA SOLUTIONS GROUP a) Company in Brief b) Business Philosophy c) Main Brands and Services d) The Group
3. RESULTS a) Key Indicators b) Operating Figures c) Important Events
4. MARKET a) Overall Company Profile by Business Segments b) Aircraft Maintenance, Repair and Overhaul (MRO) c) Aircraft Ground Handling and Fueling d) Charter Operations e) Pilot and Crew Training
5. CORPORATE GOVERNANCE a) The Board b) Top Management c) Personnel
6. SHARES AND SHAREHOLDERS
7. INFORMATION a) Contacts
One stop shop for aviation services 1. CEO'S WORD
Despite the challenges that faced the entire aviation industry in 2011, Avia Solutions Group focused on expanding its capabilities.
With the aviation industry still on the path of recovery the Group significantly increased its capabilities in most of the business sectors last year. The total consolidated Group's revenue for 2011 was LTL 477 million – 57% more than in 2010.
We accelerated the expansion of passenger and aircraft handling as well as into-plane fuelling services in Lithuanian and Polish airports. With the 10 years' lease of the fuelling facilities in Vilnius we have ensured continuous fuel supply to the company's bases in Vilnius, Warsaw, Krakow and Katowice airports. A 43 % Linas Dovydėnas, CEO of Avia Solutions Group increase in the scope of the company's activities related to ground handling and fuelling services reflects the rapidly expanding list of our clients.
In the segment of flight crew training services the group recorded a 109% increase. An LTL 11 million boost in revenues can be largely attributed to the acquisition of the second real flight simulator.
However, the largest growth in the overall scope of the Group's business activities was determined by the successful investment into the sector of MRO services. Due to the increased base maintenance capabilities and the extended business of spare parts and consumables, as well as the newly launched services of engine management, the total revenues jumped 101 per cent.
With the rapidly growing capabilities in all group sectors, last year Avia Solutions Group AB and its subsidiaries earned the net profit of LTL 8.7 million. A considerable percentage of the activities' costs were accrued from the global geographical expansion in ground handling and adverse events in charter operations, job-creation as well as expenses for salaries and taxes. In 2010 the group employed 600 people whilst in 2011 the number reached almost 1100. The group was expanded to the extent that will enable to capitalize on the strategic development implementation.
The overall positive context shows that despite the lower net profit, not only did the group proceed with the planned long-term investment but also continued to successfully implement its long- run strategic objectives. After acquiring the UK-based Storm Aviation Limited the company started providing line maintenance services for not only narrow but also wide body aircraft in 20 line stations across Europe and the CIS – 11 more stations than in 2010.
One stop shop for aviation services The successful debut in the Warsaw Stock Exchange (WSE) and the resulting increase in funds allowed the group to not only invest in the development of its business sectors but also address new markets and strengthen the strategic position in the already serviced regions. For the upcoming 2012 we have set our eye on the Asian-Pacific as the primary target region for the further expansion of group business activities thus last year we opened a new office in Kuala Lumpur, Malaysia.
Last year the air transportation market was still among the global aviation sectors mostly affected by the recession. Despite the massive challenges we carried 58.8% more passengers than in 2010, while the number of flights increased by a whopping 261%.
As regards the business aviation sector, we started to serve Hawker 700-900XP business jets, introduced the aviation personnel lease services, and expanded the network of aircraft spare parts and components platform Locatory.com users. Another significant step forward was gaining the trust of the largest aircraft manufacturer Boeing which invited the company to participate in its prestigious Goldcare program, open to only the most reputable and trustworthy services providers in the world. The program is designed to ensure the top quality maintenance services for the new generation 787 Dreamliner and 737 NG aircraft, granting the program clients the flexibility of maintaining their aircraft in a number of different geographical locations.
The tasks completed in 2011 allow us to view the future of the group and its companies with great confidence. Our business is diversified, therefore stable. We operate in the four main aviation market segments which bring profit each year. By implementing our versatile long-term growth strategy we will continue sustanable growth geographically, invest in new business projects, develop new services and consistently work towards achieving our goal, which is to become the global provider of integrated 'one stop shop' aviation services with a local touch.
General Manager Linas Dovydėnas
One stop shop for aviation services 2. ABOUT AVIA SOLUTIONS GROUP
a) What Is Avia Solutions Group?
Avia Solutions Group AB is a group of companies globally providing aviation business solutions for aircraft owners and operators offering integrated aircraft maintenance and repair, crew training, technical training, ground handling and fuelling, charter flights, crew leasing, and other aviation related services. Shares of Avia Solutions Group AB are listed on the Warsaw Stock Exchange (ticker- AVIASG). Via the services of its subsidiaries the group acts across Europe, the CIS and Asia- Pacific regions with its representative offices located in Lithuania, Poland, Italy, United Kingdom, Russia and Malaysia. The Head Office is situated at Smolensko st. 10, Vilnius, Lithuania.
The group provides a wide range of aviation services and thus generates big cross-selling opportunities. Moreover, being cost-effective, all subsidiaries have a competitive edge over its competitors. The group operates in four business segments: § aircraft maintenance, repair and overhaul (MRO) § pilot and crew training & aviation staff leasing § charter operations § aircraft ground handling and fuelling
b) Business Philosophy
VISION
One- stop- shop for the integrated aviation services.
MISSION
To create value for shareholders and customers by providing professional and high quality of aviation related services.
VALUES
Our activities are based on these values: § Professionalism – we explore every situation with precision and treat every case uniquely when creating solutions. § Responsibility – we take 100% responsibility for our solutions and services. § Flexibility – we work without any prejudices. That is the major success factor in finding the best way to improve any situation.
One stop shop for aviation services c) Main Brands and Services
One stop shop for aviation services d) The Group (effective holding of the companies in %)
AVIA SOLUTIONS GROUP AB
100 % of FL Technics AB (Lithuania) 100% of FL Technics Jets UAB (Lithuania) 100% of FLT Trading House UAB (Lithuania) 100% of Storm Aviation Ltd. (United Kingdom) 100% of FL Technics Line OOO (Russia) 99% of FL Technics Ulyanovsk OOO (Russia) 95% of Locatory.com UAB (Lithuania) Aircraft maintenance, repair and overhaul (MRO)
100 % of Baltic Ground Services UAB (Lithuania) 100 % of Baltic Ground Services Sp.z.o.o. (Poland) 100 % of Baltic Ground Services S.r.l. (Italy) 100% of Baltic Ground Services UA TOV (Ukraine) 100% of Ground Handling CIS UAB (Lithuania) Aircraft ground handling and fuelling
95.5 % of Small Planet Airlines UAB (Lithuania) 95.5 % of Small Planet Airlines Sp.z.o.o (Poland) 85.5 % of Small Planet Airlines S.r.l. (Italy) Charter and ACMI flight
100 % of Baltic Aviation Academy UAB (Lithuania) Pilot and crew training
91 % of Aviationcv.com UAB (Lithuania) Aviation staff leasing
One stop shop for aviation services 3. RESULTS a) Key Indicators
b) Operating Figures
One stop shop for aviation services c) Important Events
In 2011 Avia Solutions Group AB and its subsidiaries (hereinafter – the Group) earned net profit of LTL 8.7 million. Comparing with 2010 the income of the Group has increased by 56.7% up to LTL 477 million. Results were generated primarily as a result of strategic decisions made and operational plans implemented. These measures were taken in order to increase the Group's profitability in the upcoming periods. The Group focused on obtaining additional licenses and further business development. Key events during 2011 are summarized below:
January April
Baltic Aviation Academy UAB expanded its Baltic Ground Services Sp.z.o.o. signed an capability list by adding Boeing 747-400 type agreement with a leading European low-cost rating courses. carrier Wizz Air to provide integrated ground handling services at Warsaw Frederic Chopin airport. Baltic Ground Services UAB was granted an aviation fuel supply licence for Poland. The FL Technics Jets UAB received EASA Part-145 licence is valid until the end of year 2030. certification, which allows the company to provide repair and maintenance services for Hawker Beechcraft 700/ 750/ 800/ 800XP/ February 850XP/ 900XP aircraft family.
FL Technics UAB serviced first Airbus A320 FL Technics AB has signed an agreement with Ukraine International Airlines to provide base aircraft. maintenance services for the clients of FL Technics.
March May
On 3 March 2011 shares of Avia Solutions Baltic Ground Services Sp.z.o.o. started to Group AB were introduced to trading at Warsaw provide aircraft re-fuelling services in Poland, in Stock Exchange (code: AVIASG) Krakow John Paul II International Airport.
FL Technics Jets UAB received Aircraft Baltic Ground Services Sp.z.o.o. starts Maintenance Organisation Approval providing ground services at Warsaw Frederic Certificate in Bermuda and Certificate of Chopin airport. Acceptance in Aruba.
One stop shop for aviation services Baltic Aviation Academy UAB obtained an June approval certificate allowing the academy to introduce Bombardier Dash 8Q-400 type rating FL Technics AB received Part M certificate, which training courses. allows the company to manage continuing airworthness of the Embraer EMB- 135/145 family aircraft. FL Technics AB has acquired 7 Boeing 737-300 aircraft from AirAsia, global low cost airline, for FL Technics AB signed engine maintenance tear down into parts and components. provision agreement with airline base in Russia worth USD 11 million.
Small Planet Airlines s.r.l. has completed the August process of obtaining the Italian Air Operator's Certificate. FL Technics AB launched cabin modification and reconfiguration services on two brand new Baltic Ground Services Sp.z.o.o. signed an agreement with the largest Ukrainian carrier long-range Boeing 737-800 and cabin AeroSvit. refurbishment services on Boeing 737-300 for Transaero Airlines. Locatory.com UAB launched a global online aviation spare parts platform www.locatory.com. FL Technics Ulyanovsk OOO was granted a Baltic Ground Services Sp.z.o.o. started into- residence certificate for operating within the free plane fuelling service at Katowice International economic zone in Ulyanovsk, Russia. Airport.
July October
Baltic Ground Services UAB signed a long- Baltic Ground Services Sp.z.o.o. started term contract with State Enterprise Vilnius providing into-plane fuelling services for its new International Airport (VNO) for the 4000 cbm client Norwegian Air Shuttle ASA at the John Paul capacity fuel facility leasehold for the annual fee II International Airport in Krakow. of LTL 652 thousand.
Baltic Aviation Academy UAB signed an FL Technics AB has signed an agreement with agreement with CAE. Baltic Aviation Academy Boeing to support its aircraft, including the UAB will lease an Airbus A320 FFS from CAE and Boeing 787 Dreamliner, under the GoldCare relocate it to Vilnius, Lithuania. programme.
One stop shop for aviation services 4. MARKET
a) Overall Company Profile by Business Segments
The group operates in four business segments: Aircraft Maintenance, Repair and Overhaul (MRO), Aircraft Ground Handling and Fueling, Charter operations, Pilot and Crew Training.
Avia Solutions Group: Sales breakdown by segments in 2007-2011 ln % (lhs), LTL in millions (rhs)
Avia Solutions Group: Sales geographical segmentation in 2011 in %
One stop shop for aviation services Clients and Partners Network, 2011
b) Aircraft maintenance, repair and overhaul (MRO)
Activities in MRO business segment are conducted by FL Technics AB, FL Technics Jets UAB,
Locatory.com AB, Storm Aviation Ltd and include:
§ Base maintenance services
§ Line maintenance services
§ Engineering services
§ Spare parts and consumable sales
§ Technical training and consulting services
§ Engine management services
§ Other MRO services
One stop shop for aviation services MRO business segment: Sales geographical segmentation in 2011 in %
Key Events in MRO Business Segment during 2011: § Expansion of hangar capacity by signing agreement with Ukraine International Airlines § FL Technics Jets receives EASA Part-145 certification that was also approved by Bermuda and Aruba § Extension of capabilities by adding Embraer EMB-135/145, Part M § Commencement of engine maintenance management services § Locatory.com launches online 24/7 aviation spare parts trading platform § Acquisition of 7 Boeing 737-300 aircraft for part out § Cabin Interior Modification and Reconfiguration performed on Boeing 737 NG and 737 CL § FL Technics Ulyanovsk (Russia) was granted a residence certificate for operating within the special economic zone in Ulyanovsk § FL Technics launches FL Technics Line OOO § FL Technics signed for acquisition of Storm Aviation Limited (UK) § New major long term contracts signed for variety of services provided § Components Management Department established § ISO certification progressing § Initial deals executed in Asia in 2012 q1
One stop shop for aviation services Base Maintenance Services
FL Technics occupies 2 aircraft maintenance hangars together with administrative, warehouse and backshop facilities in Vilnius International Airport- 13,742 sq. meters in total. The hangars are comprised of total 5 airframe maintenance bays. Utilizing these hangars and the nearby premises FL Technics provides base maintenance services, including: aircraft base maintenance checks, structure inspection and structure repairs, routine maintenance, technical defect rectification, interior refurbishment, minor and major modifications (avionics, airframe), engine replacement, landing gear replacement and non-destructive testing. FL Technics Jets provides base maintenance services for Hawker 700-900XP family.
FL Technics planned new base maintenance facility of 8000 sq. meters in Kaunas International Airport (2013).
Line Maintenance Services
Line maintenance is defined as maintenance that is carried out before each flight to ensure that the aircraft is fit for the intended flight and includes: daily service and weekly checks, unscheduled checks, troubleshooting, defect rectification and minor component replacement.
One stop shop for aviation services Current and Planned Base Maintenance (2011- 2015) and Line Maintenance (2011- 2012) Stations' Network
Engineering Services
FL Technics provides comprehensive engineering management services to the aircraft operators, airlines and leasing companies. Basic engineering services provided by FL Technics include: aircraft airworthiness review and renewal, engine condition monitoring, aircraft weighting, flight data read-out, monitoring and analysis and ageing aircraft programmes.
Spare parts and consumable sales
FL Technics provides comprehensive spare parts management services including: planning / provisioning, purchasing, inventory control, asset management, warehousing and distribution of spare parts and consumables. One of the core competences of FL Technics is spare parts logistics based on experience and enhanced with good geographical location of Lithuania.
One stop shop for aviation services Technical training and consulting services
FL Technics provides technical training for aviation specialists involved in the maintenance and repair of aircraft, as well as other specialized training programmes and consulting services. The training programmes, which are drawn up in accordance with the requirements of EASA, cover four main areas: basic maintenance training, aircraft type training, specialized aviation training and other consulting services.
Engine Management Services
FL Technics provides comprehensive aircraft engine management services aimed at saving its customers' time and money. Integrated aircraft engine support solutions cover engine repairs and overhaul, service, engine leases and sales, parts and components management, purchase and tear down and other related services.
Other MRO services
Other services are mainly comprised of component repair and overhaul services. FL Technics is also approved to perform nondestructive testing (eddy current, magnetic particle, dye penetrate and ultrasonic) of airframes and components.
Aircraft parts marketplace
Locatory.com provides a platform for the aviation industry to search, buy and sell aviation inventory. The platform serves as a vast repository of aviation inventory, spare parts, components and repair services.
c) Aircraft Ground Handling and Fuelling
Activities in aircraft ground handling and fuelling business segment are conducted by Baltic Ground Services UAB and Baltic Ground Services Sp. z.o.o. and include: § Passenger Services § Ground handling & Fuelling § Airport terminal engineering services
As 31 December 2011, Baltic Ground Services activities were concentrated in Vilnius International Airport conducted through Baltic Ground Services UAB and in Warsaw International Airport, Krakow International Airport and Katowice International Airport in the Republic of Poland conducted through Baltic Ground Services Sp. z.o.o. .
One stop shop for aviation services Key Events in Aircraft Ground Handling and Fuelling Business Segment during 2011: § Opened ground handling operations in WAW and fueling in KRK and KTW § Contracted a long-term fuel facility leasehold from VNO § Signed contracts with major carriers to provide services in polish airports
Aircraft Ground Handling and fuelling business segment: Sales geographical segmentation in 2011 in %
Current Airports' Network, 2011
One stop shop for aviation services d) Charter Operations
Activities in charter operations business segment are conducted by Small Planet Airlines UAB, Small Planet Airlines Sp. z.o.o. and Small Planet Airlines S.r.l. and include: § Full charter programmes for tour operators § Aircraft wet-lease programmes § Ad-hoc flights
As at 31 December 2011 Small Planet Airlines had a fleet of 6 aircraft. All aircraft are leased under operating lease agreements which expire between 2010–2015.
Key Events in Charter Operations Business Segment during 2011: § Adverse effect of Boeing 757-200 redelivery § Adverse effect of Egypt crisis § Bird strike, stone strike and other small maintenance incidents § Italian Air Operator's Certificate obtained § Airbus A320 introduced in Poland § Lego project implemented with one Boeing 737-300 § 10% of Italian operator capital sold § Sold Estonian AOC
Charter operations business segment: Sales geographical segmentation in 2011 in %
One stop shop for aviation services e) Pilot and Crew Training
Activities in pilot and crew training business segment are conducted by Baltic Aviation
Academy UAB and AviationCV.com UAB and include:
§ Ab Initio pilot training & Cadet program for airlines
§ Pilot type rating & Recurrent training courses
§ Cabin crew training
§ Other aviation training programmes
§ Crew leasing services
§ Consultancy services
Baltic Aviation Academy occupies 1,329.49 sq. m. training centre. It is an integrated learning complex equipped with Boeing 737-300/-400/-500 and Airbus 319-320-321 Full Flight Simulators
(FFS) and Real Fire Fighting as well as Smoke Trainer.
In addition to the above Baltic Aviation Academy leases numerous other aircraft type simulators in UK, Spain, France, USA, Sweden, Germany and Russia. The contracted third party simulators allow
Baltic Aviation Academy to offer its clients a complete package of Type Rating Training services by combining theoretical training in Vilnius training headquarters and practical FFS training in other locations.
Key Events in Pilot and Crew Training Business Segment during 2011:
§ Singed cooperation agreement with CAE
§ Launched Dash 8Q-400 training programs
§ AviationCV.com started operations
§ Launching of internally developed IT solution for client and production management
§ Self Sponsored Pilot (SSP) and Corporate training business line expansion
One stop shop for aviation services Pilot and crew training business segment: Sales geographical segmentation in 2011 in %
Full Flight Simulators' Network, 2011
One stop shop for aviation services 5. CORPORATE GOVERNANCE
According to the Articles of Association of Avia Solutions Group AB the managing bodies of the Company are General Meeting of Shareholders, the Supervisory Council, the Board and the Head of the Company (the General Manager). The Supervisory Board is responsible for the supervision of activities of the Company and its management bodies. Board is responsible for the strategic management of the Company, whereas the General Manager manages day-to-day operations of the Company and has the exclusive right to represent the Company in relations with third parties.
a) The Board
Gediminas Žiemelis has a unique management and advisory experience. In 2008, under the request of the Prime Minister of the Republic of Lithuania he gave practical proposals on anti-crisis actions to be taken. He started his carrier in 1999 as the assistant manager of the Vindication and Fraud Division in Lietuvos taupomasis bankas, AB (currently, Swedbank, AB), the Department of Problematic Assets and Vindication (1999–2001). He acted as the General Manager of Žvilgsnis iš arčiau UAB (2001–2005) (currently named Creditinfo UAB), which was engaged mainly in debt recovery and credit risk management, the General Manager of ŽIA VALDA AB (2002–2006) and the General Manager of brokerage firm Finhill UAB FMĮ (in 2007).
Gediminas Žiemelis is a shareholder and a member of the GEDIMINAS ŽIEMELIS Management Board in ŽIA VALDA AB and since 2007 he acts as the Chairman of the Board Manager of the Development Department. Since 2005 Gediminas Director of Development of Avia Žiemelis also acts as the Manager in East Mining Group UAB, since Solutions Group AB 2006 – as the General Manager of Eastern Agro Holdings UAB. Ÿ Born in 1977. Master of Law Since 2009 till 2010 Gediminas Žiemelis also acted as a consultant Ÿ Chairman since 2009 in Avia Solutions Group Holdings AB. Moreover, Gediminas Ÿ With Avia Solutions Group Žiemelis is a member of the Supervisory Board in Agrowill AB since since 2009 2010.
One stop shop for aviation services Aurimas Sanikovas started his carrier as an audit associate in PricewaterhouseCoopers, Lithuania in 2001. In 2007 his last position held at the company was that of a manager. He performed supervision and execution of audit engagement performed in accordance with the ISA and US GAAS. During his auditing career Aurimas Sanikovas obtained principal expertise in telecommunications, IT, manufacturing, construction, consumer products and energy sectors. From 2007 he acts as the Chief Financial Officer of Avia Solutions Group Holdings AB that for the purpose of IPO was structured into Avia Solutions Group AB. His main responsibilities at Avia Solutions Group AB include control of operations of subsidiaries, leading budgeting, reporting, treasury and risk management functions, finance function staffing, fund raising, deal structuring, tax planning and managing resolution of finance related issues. Aurimas Sanikovas also acted as a member of the Management Board of Avia Asset Management AB (2008–2009), a member of the Management Board of FL Technics (2008–2010), a member of the Management Board of Small Planet Airlines PL (2009–2010) and a member of the Supervisory Board of Small Planet Airlines EE (2009 – 2011), the General Manager of Avia Funds Management UAB (2010- 2011), and since 2010 as a member of the Management Board of Avia Solutions Group AB. Moreover, since 2010 Aurimas Sanikovas is a member of the Supervisory Board of Agrowill Group AB. Aurimas Sanikovas obtained his bachelor’s and master’s degrees in economics at the Faculty of Economics, Vilnius University, Lithuania with an exchange term in the University of Copenhagen. Since 2006 Aurimas Sanikovas is a member of the Association of Chartered Certified Accountants (ACCA). Mr Aurimas Sanikovas is a direct shareholder of the Company and has 11,050 shares of AB “Avia Solutions Group” that accounts to almost 0,19 per cent of the share capital.
Saulius Batavičius started his carrier as an accountant in 1998 in Šiaulių stumbras AB (1998–2000). He further acted as a production planning team leader in Baltik vairas AB, Lithuanian branch of Panther International (Germany) (2000–2002), as the General Service and Finance Manager in Šiaulių tauro televizoriai UAB (2002–2004), as the Executive Manager in Televolna OOO, Kaliningrad (2004–2005), as the Manager in Banga Electronics UAB (2005–2006) and since 2006 he is acting as the director of a subsidiary company UAB “Baltic ground services”. Saulius Batavičius obtained a bachelor’s degree in business administration at the Šiauliai University, Lithuania in 1999. In 2001 Saulius Batavičius obtained a master’s degree in business management at the Klaipėda University, Lithuania, and in 2005 he finished Master studies in International Business Management for managers at the Baltic Management Institute.
One stop shop for aviation services Vytautas Kaikaris started his carrier as an auditor in KPMG B a l t i c s i n 1 9 9 9 – 2 0 0 0 a n d a s a c o n s u l t a n t a t PricewaterhouseCoopers in 2000–2003. In the period of 2003–2008 Vytautas Kaikaris worked for Bitė Group and was employed in BITĖ Lietuva in the following positions throughout the period: marketing director, marketing segment manager, executive assistant, CRM project manager. Afterwards Vytautas Kaikaris acted as the Chief Executive Officer at flyLAL – Lithuanian Airlines AB (2008– 2009). Since 2009 he is the Chief Executive Officer of Small Planet Airlines UAB. Vytautas Kaikaris also acts as a member of the Management Board of Small Planet Airlines AS, Small Planet Airlines S.r.l. and Small Planet Airlines Sp. z.o.o. Vytautas Kaikaris obtained a bachelor degree in international business in 1999 in the Concordia International University Estonia, Tallinn, Estonia. Since 2006 he has been studying for his master’s degree in business administration at the International School of Management (ISM), Vilnius, Lithuania. He also finished numerous additional courses. In addition, Vytautas Kaikaris is a shareholder of subsidiaries, he ows 4.5 per cent of shares in Small Planet Airlines UAB.
Jonas Butautis started his carrier in 1998 as an executive partner in Cesim Group (Finland). He acted for this group until 2004 and performed start up and successful development of Cesim Central & Eastern Europe in the areas of consulting and management development, established long-term relationships with key clients in selected target industries: telecommunications, energy, railways, oil, post, banking and performed daily management of the company. In 2001–2003 Jonas Butautis acted as a consultant for the new EU members in the OECD (Organization for Economic Cooperation and Development). He formulated conclusions and suggested future action steps for the Governments to reduce business development obstacles in their respective services industries. Jonas Butautis also acted as a manager for Australia and Asia regions for BTS Group UAB (2003–2008) and as a consultant, Deputy Manager of the Corporate Governance and Control at ŽIA VALDA AB (2008–2009). Since 2009 he also acts as the General Manager of FL Technics. Jonas Butautis obtained a Master of Business Administration in the Vytautas Magnus University (in 2000). In 1999 he undertook International Economics and Marketing Studies in SDA Bocconi, Italy. Mr Jonas Butautis is a direct shareholder of the Company and has 44 200 shares of AB “Avia Solutions Group” that accounts to about 0,75 per cent of the share capital.
One stop shop for aviation services b) Top Management
Jonas Butatutis Linas Dovydėnas FL Technics, CEO ŸGeneral Manager, Avia Solutions Ÿ Born in 1975. Master in Business Group Administration Ÿ Born in 1975. Executive MBA . Ÿ Board Member since 2008 Ÿ With Avia Solutions Group since Ÿ With Avia Solutions Group since 2007 2008
Eglė Vaitkevičiūtė Vytautas Kaikaris ŸBaltic Aviation Academy, CEO Small Planet Airlines, CEO Ÿ Born in 1977. Bachelor in Ÿ Born in 1978. Master in Business Business Management and Administration Marketing. Ÿ Board Member since 2009 Ÿ Ÿ With Avia Solutions Group since With Avia Solutions Group since 2008 2010
Saulius Batavičius Žilvinas Sadauskas Baltic Ground Services, CEO Locatory.com, CEO Ÿ Born in 1973. Master in Business Ÿ Born in 1986. Bachelor in Management Computer Sciences Ÿ Board Member since 2010 Ÿ With Avia Solutions Group since Ÿ With Avia Solutions Group since 2008 2009
Darius Šalūga Skaistė Knyzaitė FL Technics Jets, CEO ŸCEO, AviationCV.com Ÿ Born in 1976. Master in Law Ÿ Born in 1979. Executive MBA. Ÿ With Avia Solutions Group since Ÿ With Avia Solutions Group since 2007 2011
One stop shop for aviation services c) Personnel
Number of the Group's employees at the end of the year:
The breakdown of the number of employees by company:
6. SHARES AND SHAREHOLDERS
The authorised capital of the Company as at 31 December 2011 was LTL 5,893,333 and is divided into 5,893,333 ordinary shares with a par value of LTL 1 each. All shares carry equal voting rights.
On 3 March 2011 shares of the Company were introduced to trading at Warsaw Stock
Exchange.
One stop shop for aviation services Shareholders and share capital of the Company as at 31 December 2011 were as follows:
7. INFORMATION
Contacts
Avia Solutions Group (Lithuania) Avia Solutions Group (Russian Federation) Smolensko st. 10, LT-03201 Vilnius, Lithuania st. Tverskaya 16, building 1, 7th floor, office 14, Tel.: +370 5 252 5500 Moscow Fax.: +370 5 252 5501 Tel.: +7 495 705 91 43 E-mail: [email protected] Fax.: +7 495 935 89 62 E-mail: [email protected]
Avia Solutions Group (Poland) Avia Solutions Group (United Kingdom) Okecie Business Park – Notus i Zephirus st. 259 Capability Green, st. Stycznia 17 - 45B, Warsaw, Poland Luton LU1 3LU, United Kingdom Tel.: +48 22 427 90 92 Tel.: +44 1582 390640 Fax.: +48 22 427 90 93 Fax.: +44 1582 480455 E-mail: [email protected] E-mail: [email protected]
Avia Solutions Group (Italy) Avia Solutions Group (Malaysia) Viale Delle Arti, Unit No. SW-03-28 COVA SQUARE, 123 - Edificio C – Primo Piano, JLN Teknologi, Kota Damansara PJU5, 00054 Fiumicino Rome, Italy 47810 Petaling Jaya, Selangor, Malaysia Tel.: +390 66502751 Tel.: +372 5 252 5015 Fax.: +390 6650275333 Fax.: +72 5 252 5646 E-mail: [email protected] E-mail: [email protected]
One stop shop for aviation services