Lithuanian charter airline GetJet Airlines has announced ambitious expansion plans to reach annual revenues of EUR 1 billion by the end of the decade.
CEO Darius Viltrakis stated that the company will focus on "vertical expansion" in 2024 and 2025, particularly by expanding aircraft maintenance services. GetJet plans to establish a maintenance center in Lithuania to both increase operational efficiency and generate additional revenue streams.
The company, which already operates a hangar in Riga, plans to raise up to 150 million euros for this growth plan. It also plans to continuously renew its fleet, with a target fleet size of 15 to 20 aircraft.