LAL investicijų valdymas

Avia Solutions Group

Type	Publicly traded company
Industry	Aviation, tourism
Founded	2010
Headquarters	Vilnius, Lithuania
Key people	Gediminas Žiemelis (Chairman of the Board) Aurimas Sanikovas (Member of the Board) Zilvinas Lapinskas (Member of the Board) Anatolij Legenzov (Member of the Board) Linas Dovydenas (Member of the Board) Jonas Janukenas (CEO)
Services	See services listing
Number of employees	1954 (2016)
Divisions	BAA Training FL Technics Jet Maintenance Solutions FL Technics Training Baltic Ground Services Locatory.com AviationCV.com KlasJet Helisota Laserpas Kidy Tour Ramport Aero
Website	aviasg.com

Avia Solutions Group is an international, publicly traded aviation holding company with over 20 subsidiaries worldwide. Avia Solutions Group is based in Vilnius, Lithuania. Avia Solutions Group was listed on the (WSE) in March 2011 and became the first foreign company to be listed on the exchange that year. Shareholders of the company include ING Open Pension Fund, Harberin Enterprises, ZIA Valda and others.

The history of Avia Solutions Group began in 2005 when Lithuanian Airlines, the national airlines of Lithuania, was privatized. LAL investicijų valdymas acquired 100% of the airline shares for 7.53 million Euro. The airline was re-branded as FlyLAL and several companies were spun - out, including Baltic Ground Services (ground handling), FL Technics (aviation maintenance, repair, and operations), and Bilietų Pardavimo Centras (travel agency). In 2008 FlyLAL filed a lawsuit against Latvian carrier airBaltic , accusing airline of price dumping. In 2009 FlyLAL was forced to declare bankruptcy with around 29 million euros in debts after the government refused to bail the company out and a potential buyout deal fell through. In 2014 Court of Justice of the European Union allowed to arrest the property of airBaltic and Riga International Airport in order to ensure main proceedings, seeking legal redress for damage resulting from alleged infringements of European Union competition law in the flyLAL lawsuit against airBlatic for price dumping.

In the beginning, Avia Solutions Group covered three aviation business areas, including ground handling (Baltic Ground Services), aircraft maintenance (FL Technics) and travel services (Bilietu Pardavimo Centras).

In July 2006, Baltic Ground Services was sold to UAB Finansų spektro investicija. The company was bought back by Avia Solutions Group from investment company Invalda in November 2008.[6] The same year Baltic Ground Services became first company in Europe and tenth in world to receive IATA Safety Audit for Ground Operations (ISAGO) certificate. In January 2015, Baltic Ground Services joined IATA’s Ground Handling Council (IGHC).

In December 2005 Bilietų Pardavimo Centras became a member of IATA and in November 2006 changed its name into BPC Travel (stands for Best Price for Consumers Travel) to better reflect its business philosophy. BPC Travel left Avia Solutions Group in 2010.

In 2010 FL Technics achieved Boeing 737 NG base maintenance certificate. In October 2011 Boeing selected FL Technics as its GoldCare partner. In 2014 FL Technics invested $4 million in new high-tech MRO hangar in Kaunas. In 2014 company launched Online Training™, a remote EASA Part-147-compliant training program, based on visually enhanced materials available online.