After only one year in operation, the Lithuanian ACMI and charter carrier GetJet is firmly settled in the market

May 11, 2017 Company News

– In the fleet now are three Boeing 737-400 aircraft all operating on firm contracts with airline customers during the summer 2017 season, says Benas Laurinaitis, GetJet Airlines Accountable Manager.

– Our airline customer portfolio comprises our strategic partner, the Greek carrier Ellinair that have been operating two of our aircraft from the start, as well as airBaltic, Blue Panorama, Norwegian, Small Planet Airlines, TUIfly, Enter AIR and others on either firm or ad-hoc contracts.

– As of now, about 95 percent of our business is ACMI, with the remaining five percent in the charter market, but our strategy is to grow the charter business segment to 15-20 percent over two years.

– We plan to take delivery of a fourth Boeing 737-400 aircraft already by the end of this month, but looking further ahead we will gradually expand with Boeing 737-800 aircraft from 2019-20, phasing out our last Boeing 737 Classics also in 2020.

– Our capacity is fully sold out this summer, and we are basically quite happy with the development in the ACMI market where we are seeing a sustained strong demand for our services, especially in the summer seasons.

– We expect to maintain our focus on the passenger ACMI and charter market, but do not exclude the possibility of entering the cargo ACMI market as well at a later stage; only this is a demanding challenge and will depend on how the market looks further ahead, says Mr Laurinaitis.

Taking yet a step ahead in the business, GetJet based at Vilnius Airport expects to complete its IOSA certification process later in 2017.

Source: newstodate.aero