Global provider of tailor-made MRO services for business and regional aviation Jet Maintenance Solutions (Jet MS) has announced its financial results of the year 2016, showcasing over 5 time increase in profit and a record, 26% percent of revenue growth.
The European MRO provider has enlarged its operations on the back of successfully introducing Bombardier Challenger 604/605 capabilities back in summer of 2015. Over the year 2016, Jet MS has serviced over 4 times more of the aforementioned aircraft than the previous year, resulting in an impressive jump in profit and revenues. The latter has been on a steady rise over the past 4 years, recording an average 67% year-on-year growth.
“It goes to show that a strong professional team with a clear target can and will go out on a limb to deliver tailor-made solutions. Our sales force and business development team have successfully diversified our clientele portfolio and expanded our spare parts supply and maintenance operations into new markets, namely, China and Africa,” comments Darius Saluga, CEO of Jet MS. “This year was particularly exciting and filled with new business partners, clients – we have grown our portfolio by over 30%. Moreover, maintenance operations team has optimized its processes which resulted in a 32% growth of maintenance performance efficiency. Introduction of new services, such as logistical services also played a significant role. The numbers are a clear sign of trust our customers put in our services and will serve as a major motivation for the team in year 2017.”
Jet Maintenance Solutions’ base and line maintenance capabilities include Hawker Beechcraft 700/800/800XP/850XP/900XP/750, Bombardier CRJ100/200/440 and Bombardier Challenger 604/605/850 aircraft. The company is part of Avia Solutions Group – an international, publicly traded aviation holding company with over 20 subsidiaries worldwide.