Avia Solutions Group AB

Assessment with 5A System: CNNNN

Place on the List of aviation sector: 74

Place on the 500’2009 List: not listed


Established in: 2000

Company size: large

Address: 3201 Wilno, 10 Smolensko Str.Zobacz na mapie

Type of business: air transport

Description of business activity: Avia Solutions Group AB is a group of companies operating on the international aviation market including aircraft rental, charter flights, training of pilots and cabin crew, MRO service i.e. aircraft maintenance and civil service examination as well as aircraft refueling. The company is listed on Basic Market of the Warsaw Stock Exchange.

Shareholders:: Ziemelis Geodiminas – 32,9%, Indeco: Investment and Development UAB – 21,93%, Harberin Enterprises Limited – 17,43%, Inni – 27,74%

Financial data (thousand PLN)
2004 2005 2006 2007 2008 2009
Net revenues from sales 18 756 104 499 233 575
Net financial result
956 -689 4 619
Capitalized value of R&D expenses
Intangible assets 71 1 319 2 235
Total assets 30 179 55 941 71 093
Equity 1 182 811 7 015

Description of innovative activity: According to the 5A System, a company level of the market innovation is highly rated. The company has also a large capacity in acquisition financing of its innovative projects. The company assessment with 5A System is CNNNN.

Company status: company listed on Warsaw Stock Exchange

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