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Gediminas Ziemelis offered a one-stop shop solution during unexpected peaks in demand or when they face unplanned maintenance.

Oct 16, 02:25 PM IST 4 min read

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.

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