Avion Express, one of the largest ACMI (Aircraft, Crew, Maintenance, and Insurance) operators globally, has successfully completed corporate restructuring process initiated in 2021 due to the impact of the Covid-19 pandemic.
Avion Express UAB fulfilled its obligations to creditors almost two years ahead of schedule and became the first airline in Lithuania to successfully complete its corporate restructuring process. During this process, the company not only ensured the continuity of its operations, but also grew its business.
The restrictions on air travel during the Covid-19 pandemic disrupted the entire aviation industry. To fulfil obligations to our creditors and to ensure the continuity of our business, during 2021 we launched a fin…
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