Irish-based Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, has appointed Tom Klein as Executive Vice-Chairman of the Board, a new role, effective immediately.
He will continue in his roles as Senior Managing Director at US -based Certares Management, a private equity investment firm which invested into the Group in 2021.
Klein brings to the Group extensive knowledge of the global aviation, travel, tourism and technology sectors. His main responsibilities will include leading on investor relations and advising on wider business development while his geographic location will allow for executive presence and a greater focus on activities in the Americas.
The appointment comes at a time when Avia Solutions Group is growing significantly, with the Group reporting first half of 2024 revenues of €1.2 billion, a year-on-year increase of 29% and a 34% growth in EBITDA year-on-year to €179 million.
The Group has ongoing plans to further expand its global presence and ability to offer capacity solutions, particularly during peak seasons, to airlines around the world.
Gediminas Ziemelis, Chairman of Avia Solutions Group, said:
“With his extensive experience in global aviation and travel sectors, and a proven track record in investor relations, Tom is a great addition to our senior leadership team. I look forward to working with him closely as we execute our long-term growth strategy.”
Tom Klein, Executive Vice-Chairman of the Board of Avia Solutions Group, said:
“I am honoured to be appointed as Executive Vice-Chairman. The demand for the Group’s services is increasing significantly, and I look forward to playing a key role in expanding our global customer base.”
Prior to joining Certares in 2018, Klein was the CEO and President of Sabre, a global technology company serving the travel industry. Klein led the successful IPO of Sabre in 2014.
He served 7 years as a founding board member of Brand USA, culminating his tenure as Chairman.
Klein has served on multiple boards and prior to Sabre, he held management positions at American Airlines and Consolidated Freightways
Avia Solutions Group currently operates a fleet of 214-aircraft, split between 174 passenger aircraft and 40 freighters.