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Jet Tycoon amasses $1.5 billion fortune on spikes in air travel
Billionaire Gediminas Ziemelis, founder of Ireland-based Avia, secured a crucial deal for up to 80 Boeing jets during a challenging period for the manufacturer. His wet leasing model, which provides airlines with operational support, has thrived amid a global aircraft shortage. Ziemelis plans to expand Avia's fleet to 700 by 2030, leveraging strategic partnerships and market demand.