GetJet Aviation Holdings Reports €25.4 Million Net Profit for 2024

GetJet Aviation Holdings delivers strong 2024 results with €25.4M net profit

GetJet Aviation Holdings: €25.4M net profit reflects strategic growth in 2024

Vilnius, July 23

GetJet Aviation Holdings, an international aviation services group headquartered in Lithuania, has announced its financial results for the 2024 fiscal year. The holding posted a net profit of €25.4 million, with total revenues across the companies which currently comprise the group reaching €184.3 million in 2024. GetJet continues to maintain one of the highest profitability rates globally in the ACMI and aircraft maintenance sectors.

“2024 was a year of strategic consolidation. We significantly expanded our operations into aviation asset management, MRO, and component trading, while also strengthening our in-house technical capabilities. Financial results confirm the effectiveness of our strategic direction—we are seeing greater operational diversification, improved financial stability, and increasing synergies across our business units,” said Darius Viltrakis, CEO of GetJet Aviation Holdings.

GetJet Aviation Holdings operates through several key entities: Lithuania-based ACMI and charter airline GetJet Airlines and its branches in Latvia (GetJet Airlines Latvia) and Malta (Airhub Airlines Ltd.), aviation asset management and maintenance provider Airhub Aviation, and the training center Airhub Training (UAB Airhub).

This structure positions GetJet Aviation Holdings as a vertically integrated aviation group, covering all core segments – ACMI operations, MRO services, component trading, aircraft asset management, and aviation training.

Reinvesting profits in technical resilience / integrated technical infrastructure

Aircraft maintenance remains a strategic focus of the holding’s long-term growth strategy. In a tightening global MRO market, investing in technical autonomy enables GetJet to sustain operational efficiency and remain resilient to market fluctuations.

“Our strong 2024 performance validates the strategic decisions we made in 2023. By founding Airhub Aviation, we deliberately chose to build up internal technical capabilities, giving us greater control over our operational pace. This approach has preserved both service flexibility and profitability, even as the industry faces mounting maintenance capacity constraints. Moving forward, we will continue to reinvest profits into expanding technical self-sufficiency and growing our aircraft fleet,” added Darius Viltrakis, CEO of GetJet Aviation Holdings.

Airhub Aviation provides maintenance, component trading, and asset management services, currently operating an MRO facility at Siauliai International Airport (SQQ). Starting in 2025, these maintenance services will also be available to third-party clients—opening additional revenue streams and further diversifying Group income.

In March 2025, GetJet Airlines secured a 40-year lease from Lithuanian Airports for land at Vilnius International Airport, where it plans to build a state-of-the-art maintenance hangar dedicated to servicing its fleet. The total investment in the project is estimated at €10 million, with the first aircraft maintenance operations expected to begin by 2028. This facility will become a strategic engineering hub, further solidifying the group’s operational independence and supporting sustainable growth over the next decade.

GetJet Aviation Holdings currently operates a fleet of 16 aircraft. Its subsidiary, GetJet Airlines, is regarded as one of the most flexible and responsive ACMI providers in the market—capable of dispatching a fully crewed aircraft within just 90 minutes of receiving a client request. Such rapid deployment capability has earned GetJet Airlines the reputation of being the “special forces of aviation.”

Source: Think Twice Agency