newstodate.aero
Jun 03, 2020 (newstodate): After 10 years in the Polish market, Avia Solutions Group is selling its subsidiary in Poland, Baltic Ground Services Poland.
The company was established at two sites in Poland - Warsaw and Krakow in Autumn 2010 and later adding Katowice - with now-defunct airline Small Planet Airlines as its launch customer.
As late as April 2019, Baltic Ground Services Poland landed a major contract with Ryanair's subsidiary Ryanair Sun to provide handling of its traffic at Warsaw Chopin Airport.
Since then, much has changed in the industry:
-Under the circumstances of flights being grounded under COVID-19 impact and the stiff competition with the Poland's state owned service providers, the Avia Solutions Group believes that the sale of Baltic Ground Service Poland is an optimal solution.
-Baltic Ground Services Poland constituted only 2.2 percent from total pro forma consolidated revenues of Avia Solutions Group PLC, Avia Solutions Group says in a release.
The company was established at two sites in Poland - Warsaw and Krakow in Autumn 2010 and later adding Katowice - with now-defunct airline Small Planet Airlines as its launch customer.
As late as April 2019, Baltic Ground Services Poland landed a major contract with Ryanair's subsidiary Ryanair Sun to provide handling of its traffic at Warsaw Chopin Airport.
Since then, much has changed in the industry:
-Under the circumstances of flights being grounded under COVID-19 impact and the stiff competition with the Poland's state owned service providers, the Avia Solutions Group believes that the sale of Baltic Ground Service Poland is an optimal solution.
-Baltic Ground Services Poland constituted only 2.2 percent from total pro forma consolidated revenues of Avia Solutions Group PLC, Avia Solutions Group says in a release.