aA
Lithuania's second-biggest international airport in Kaunas plans to expand aircraft maintenance, repair and overhaul (MRO) operations, expecting to attract some 25 million euros in investments that would create over 400 new highly-skilled, well-paid jobs in the next few years.
Kaunas Airport expects to attract some EUR 25 mln in investments
© DELFI / Orestas Gurevičius

"This is about developing aircraft maintenance operations; we are trying to attract developers to build hangars and create a MRO base," Marius Gelzinis, CEO at Lietuvos Oro Uostai (Lithuanian Airports), the operator of Lithuania's three international airports, told BNS.

"This in line with our vision of Kaunas being more a technical maintenance and cargo airport," he said.

The project will be carried out in two stages by leasing land to investors for building a total of eight hangars.

Talks are currently underway with potential developers, Gelzinis said, adding that a considerable number of companies, mostly those operating in Europe, are interested in investing in Kaunas.

The bases are expected to become operational in 2021 to 2022, according to the CEO.

Several MRO bases currently operate in Lithuania. FL Technics, the MRO subsidiary of Avia Solutions Group, has a base in Vilnius and a hangar in Kaunas, and Ireland's budget carrier Ryanair has a MRO base in the second-biggest city.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Finance minister: coronavirus to affect economy

The widening coronavirus outbreak will have implications for the Lithuanian economy , Finance...

Lithuanian businesses might feel coronavirus effect in spring

The coronavirus outbreak in China is already affecting Lithuanian businesses as some companies...

Leader in gaming and VR platforms to undergo major expansion in Lithuania

Unity Technologies , creator of the world’s most widely used real-time development platform for...

German polymer specialist establishing microduct systems production unit in Klaipeda

REHAU , a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is...

Five cities may get another EUR 30 mln to buy electric buses

Lithuania's authorities are considering providing another 30 million euros in EU money to Vilnius,...

Top news

Lithuania declares nationwide emergency due to coronavirus threat

The Lithuanian government declared on Wednesday a nationwide emergency in an effort to minimize...

Installation of Chinese CCTV in Kaunas raises security concern

The installation of a CCTV system produced by Chinese company Hikvision in Lithuania's...

Police chief in Kaunas Zukauskas sacked

Darius Zukauskas , chief of Kaunas County Chief Police Commissariat , has been dismissed from the...

Lithuanian author long-listed for prestigious UK literary award

Noir Press announced that Lithuanian author Grigory Kanovich has just been long-listed for the...

Lithuanian model Ieva hits the London Fashion Week catwalk

A Lithuanian student from Kėdainiai swapped designing clothes for modelling them at one of the...