Averus has advised newly established Lithuania-headquartered Heston Airlines on its launch. The company was granted an air operators certificate from the Lithuanian Transport Competence Agency and intends to initiate its charter and wet-lease operations this summer.
Heston Aviation Group engages in aviation asset trading, leasing, maintenance, and now ACMI –aircraft, crew, maintenance, insurance – and charter operations. Averus also advised Heston on its agreement with strategic partner Genesis, a Dublin-based aircraft leasing company.
According to Averus, "by entering the airline market in the post-Covid-19 world, Heston Airlines will operate at the industry's best cost base, offering competitive and flexible solutions to customers during the recovery phase of the travel markets."
Averus' team was led by Managing Partner Laura Cereskaite-Kinciuviene and included Associate Partner Lina Taletaviciute-Misiuniene and Associate Saulene Barauskaite.