Boeing is expected to meet delivery demand for its commercial aircraft by 2030, predicts Gediminas Ziemelis, the chairman and founder of the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) and wet-lease provider, Avia Solutions Group.
Ziemelis made the comments after visiting Boeing’s facilities in Seattle for a ceremonial signing with Boeing Commercial Airplane’s CEO, Stephanie Pope, for Dublin-based Avia Solution Group’s order for up to 80 737 MAX 8 aircraft, placed in November 2024. The order is split between 40 firm aircraft and 40 options.
Both Airbus and Boeing have encountered significant supply chain disruptions since the pandemic, hindering their ability to build on their 2018 delivery records. Boeing delivered 348 jets in 2024, leaving it with a total backlog of over 5,500 unfilled orders. Airbus managed to deliver 776 aircraft in 2024, four below its official target. However, Ziemelis reckons Boeing will have successfully overcome its production issues within the next five years.
The new Boeing deal solidifies the Group’s connection to the U.S. market. In 2021, Certares Management, a U.S. investment management firm focusing on the travel and tourism sector, together with Knighthead Capital Management, an investment advisory firm, invested EUR 300 million in the Group.
Avia Solutions Group is a leading global provider of aviation services to the world’s leading passenger and cargo airlines. The Group has offices in Ireland, the United States, the United Arab Emirates, Lithuania, Australia, Asia Pacific, and South Africa.
Avia Solutions Group operates a fleet of 221 aircraft and is a parent company to over 250-plus subsidiaries including SmartLynx Airlines, Avion Express, BBN Indonesia Airlines, and KlasJet. The Group also provides a range of aviation services: MRO (Maintenance, Repair, and Overhaul), pilot and crew training, ground handling, as well as a variety of associated services. Supported by 14,000 highly skilled aviation professionals, the Group operates on six continents.