Avion Express completes restructuring

Avion Express, an ACMI (Aircraft, Crew, Maintenance, and Insurance) operator, has announced that it has “successfully completed corporate restructuring process initiated in 2021 due to the impact of the Covid-19 pandemic”. Avion Express UAB fulfilled its obligations to creditors almost two years ahead of schedule and became the first airline in Lithuania to successfully complete its corporate restructuring process. “The restrictions on air travel during the Covid-19 pandemic disrupted the entire aviation industry. To fulfil obligations to our creditors and to ensure the continuity of our business, during 2021 we launched a financial restructuring process. Since initiating the process, we