On January 24 Avia Solutions Group signed an agreement with BB Holding EHF for the full acquisition of Bluebird Nordic, which entails a 100% ownership of the company’s shareholding. On March 31, following the completion of all prerequisites and receipt of relevant clearances from competition authorities, the transaction was finalised.
Gediminas Ziemelis, the Founder and Chairman of the Board of Directors of Avia Solutions Group, said: “I am pleased with the opportunity to acquire such a competent and reputable company. With this new acquisition, Avia Solutions Group takes another step forward in diversifying our areas of expertise in the global aviation market. As the largest passenger ACMI group in Eastern Europe, and considering the current changes in the aviation sector, which come with a growing demand not only for narrow-body but now also for wide-body cargo services, we are glad to be adding Bluebird Nordic’s portfolio to our group’s operations.”
Bluebird Nordic uses a fleet of six aircraft and operates scheduled as well as charter flights under its brand. The airline also offers cargo export and import services from and to Iceland, serving more than 100 locations worldwide.