Gediminas Žiemelis

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Gediminas Ziemelis
Born (1977-04-04) April 4, 1977 (age 47)
Vilnius
EducationMykolas Romeris University
Vilnius Gediminas Technical University
Occupation(s)Businessman, business consultant
Known forThe richest Lithuanian

Gediminas Ziemelis (born April 4, 1977) is the richest[1] Lithuanian businessman, selected twice among the top 40 most talented young industry leaders by Aviation Week & Space Technology. He is currently the chairman of the board at Avia Solutions Group and former chairman of the board at Vertas Management AB (former ZIA Valda).[2]

In November 2023, Gediminas Ziemelis was listed as the richest Lithuanian by TOP Magazine, with estimated assets worth 2.45 billion euros.[3]

Biography[edit]

Gediminas Ziemelis is a well-known aviation expert, twice awarded as one of the most talented young leaders in the global aerospace industry under age of 40.[4] Gediminas Ziemelis was acknowledged by the European Business Awards and received national champion award in the entrepreneurship category for his visionary inspiration and innovative approach to business development while leading Avia Solutions Group.[5] In 2023, Gediminas Ziemelis ranked as one of the Lithuania's most influential businessman by Delfi.lt.[6]

Business[edit]

Gediminas Ziemelis is engaged in aviation business, real estate management, duty-free retail, pharmacy, hospitality, aircraft finance, IT, etc.

During the period of 2010–2013 Gediminas Ziemelis, as a chairman of the board at all companies, conducted IPO of three enterprises – Avia Solutions Group,[7] AviaAM Leasing[8] and Agrowill Group (currently AUGA Group).[9] Although the initial public offering of Avia Solutions Group's shares was planned in 2010, the offering was postponed due to unsatisfying share prices.[10] Avia Solutions Group finally went public a year later.[11] The company was elected one of the best debutants of the Warsaw Stock Exchange in 2011, while in 2013 it was awarded with Polish Business Award in category "Increase of share price of Lithuanian company on the Warsaw Stock Exchange"[12] IPO of AviaAM Leasing – an aircraft leasing, acquisition and sales company was conducted in 2013. However, according to some experts, the offering wasn't very successful, as the company managed to attract twice less money than planned.[13]

Aviation

During the period of 2014–2016, as the chairman of the board, Gediminas Ziemelis led Avia Solutions Group in completing several major projects – opening of the aviation professional training base in Singapore together with its subsidiary BAA Training,[14] construction of the modern 8500 sq m aircraft maintenance hangar in Kaunas,[15] establishment of tour operator KIDY Tour[16] and UAV service provider Laserpas.[17]

In 2015, cooperating with BAA Training and Kazimieras Simonavicius University, Avia Solutions Group engaged in a project of establishment and development of AeroTraining cluster near Vilnius International Airport. The cluster will include aviation specialists training facility as well as hotel[18] located in the near proximity of the airport for pilots and other industry professionals.[19]

In 2016, Avia Solutions Group subsidiary FL Technics opened its third MRO hangar in Soekarno-Hatta International Airport, Jakarta, Indonesia,[20] while Helisota[21] launched maintenance works on Airbus Helicopters including HC120, HC135, HC145 (ЕС120, ЕС135, ЕС145) and BGS has become a strategic partner of The International Air Transport Association (IATA).[22]

Furthermore, In 2016, under the leadership of Gediminas Ziemelis, the Group and its subsidiaries continued growing as AviationCV.com has become the most visited aviation job search platform in the world,[23] KlasJet[24] added 3rd aircraft – Hawker 800XP to its fleet, Kidy Tour its operations to Estonia.[25]

In 2017, Gediminas Ziemelis led BGS to an expansion to a new market – Czech Republic,[26] while KlasJet added first narrow-body business jet[27] to its fleet – Boeing 737, as well as Storm Aviation introduced Base Maintenance services at Diamond Hangar at London Stansted airport.

Avia Solutions Group currently has over 100[28] subsidiaries including these companies: Baltic Ground Services (BGS), Locatory.com, BAA Training, AviationCV.com, KlasJet, Helisota, Kidy Tour, Jet Maintenance Solutions, Loop, FL Technics and its units : FL Technics Engine Services, FL Technics Logistics Solutions, Storm Aviation, Chevron Technical Services, FlashLine Maintenance, Wright International, FL ARI, FL Techhnics Indonesia.

In June 2019 Avia Solutions Group entered into agreement to acquire UK-based Chapman Freeborn Group[29] and in July the Group has signed a $60 million worth Joint Venture agreement to establish a new training center in Zhengzhou city, Henan province (China) in partnership with Henan Civil Aviation Development and Investment Company (HNCA).

In 2020, under the leadership of Gediminas Ziemelis, Avia Solutions Group acquired ground handling and fuelling company Aviatior, cargo and charter operator BlueBird Nordic, multi-purpose arena Avia Solutions Group Arena and the largest ticket distributor in Lithuania - Tiketa. Additionally, the company joined the American Chamber of Commerce in Lithuania.[30]

In September 2021, Avia Solutions Group, of which Gediminas Ziemelis is majority shareholder, announced an entry into a strategic partnership with Certares Management LLC through a 300 million euro investment.[31]

Real estate

As chairman of the board at Vertas Management (former ZIA Valda), Gediminas led the company through numerous investment, acquisition and development projects including Zverynas lofts,[32] Smolensko business centre, Zveryno verslo fabrikas.[33] In addition to that, Vertas Management (former ZIA Valda)[34] also manages over 20 000 sq m of leased land via VA Reals.

In 2020, the construction of the second Avia Solutions Group representative office in Vilnius began.

Duty free

In 2014, ZIA Valda and Gediminas Ziemelis engaged in the business of duty free by establishing international duty free operator Globus Distribution.[35]

Pharmacy

In 2017 established pharmaceutical holding Pharnasanta Group.[36] At the moment, the pharmacy group consists of Ilsanta, a pharmaceutical company distributing medical devices and equipment, an Estonian clinic 4 Kliinik providing health services, and Nordic Metrology Science, an international metering centre.[37]

IT

In 2017, Gediminas Ziemelis actively participated in the creation of an international flight claim management platform Skycop. SKYCOP[38] was launched in the beginning of summer 2017.[citation needed]

Basketball

In 2022, Gediminas Ziemelis introduced his basketball club BC Wolves.[39] BC Wolves are already competing in the Lithuanian Basketball League (LKL) and the European North Basketball League (ENBL). The club is currently playing its home matches in Alytus Arena but will move to the newly renovated Avia Solutions Group Arena in Vilnius in 2023.[40]

References[edit]

  1. ^ "Paskelbtas šalies turtingiausiųjų sąrašas: šiemet jo viršūnėje – G. Žiemelis". www.lrytas.lt. Retrieved May 27, 2023.
  2. ^ "ZIA Valda Board of Directors". ZIA Valda. Retrieved March 12, 2018.
  3. ^ "Number of billionaires doubles in Lithuania – media". lrt.lt. November 27, 2023. Retrieved November 30, 2023.
  4. ^ "Gediminas Ziemelis was included in the Aviation Weeks' Top 40 Under 40 list". Aviation Week.
  5. ^ "Avia Solutions Group received European Business Awards national champion award". BusinessAwardsEurope. Retrieved March 12, 2018.
  6. ^ "Industry association head ranked Lithuania's most influential businessman". lrt.lt. August 23, 2023. Retrieved August 24, 2023.
  7. ^ "Foreign issuers on Warsaw Stock Exchange" Archived August 31, 2017, at the Wayback Machine, Ministry of Treasury Republic of Poland, May 29, 2012. Retrieved July 21, 2016.
  8. ^ "Aviaam Leasing lists on the Warsaw Stock Exchange", CAPA Centre For Aviation, July 9, 2013. Retrieved July 21, 2016.
  9. ^ "Agrowill changed its name", Delfi.lt, September 30, 2016.
  10. ^ "Public offering was postponed due to unsatisfying share prices", Delfi.lt, December 1, 2010. Retrieved July 21, 2016.
  11. ^ "Avia Solutions Group finally went public", Verslo Zinios, 3 Match 2011. Retrieved July 21, 2016.
  12. ^ "The company was elected one of the best debutants of the Warsaw Stock Exchange", Verslo Zinios, October 18, 2013. Retrieved July 21, 2016.
  13. ^ "AviaAM Leasing offering wasn't very successful", Verslo Zinios, June 14, 2013. Retrieved July 21, 2016.
  14. ^ "HAITE Group opens S$95.3m aviation training facility in Singapore" Archived August 17, 2016, at the Wayback Machine, Channel NewsAsia, April 21, 2015. Retrieved July 21, 2016.
  15. ^ "New FL Technics' MRO Centre in Kaunas Welcomes First Clients", Aviation Pros, February 20, 2014. Retrieved July 21, 2016.
  16. ^ "Kelionių rinkoje – naujas žaidėjas", Delfi.lt , December 14, 2014. Retrieved July 21, 2016.
  17. ^ "Laserpas – Remotely Piloted Airborne Systems"
  18. ^ "New Hotel Near Vilnius Airport", Delfi.lt, 16 July 5.
  19. ^ "Near Vilnius Airport – City of Aviation", April 16, 2016.
  20. ^ "FL Technics Officially Opens its MRO Centre in Jakarta", December 1, 2016.
  21. ^ "Helisota adds Airbus Helicopters to its EASA Part 145 capabilities", March 30, 2016.
  22. ^ "BGS becomes a strategic partner of IATA", May 20, 2016.
  23. ^ "AviationCV.com becomes the world’s largest aviation jobs portal"
  24. ^ "KlasJet Adds Hawker 800XP To Charter Fleet"
  25. ^ "Lithuania's Kidy Tour buys Estonian travel organizer GoAdventure"
  26. ^ "BGS expands to the Czech market"
  27. ^ "KlasJet Added First Narrow-Body Business Jet"
  28. ^ Stewart, Chad Damon (June 19, 2019). "Lithuanian aviation group to acquire UK charter company". STANDBY Nordic. Retrieved August 21, 2019.
  29. ^ "Avia Solutions Group to acquire Chapman Freeborn | Magazine | Business Air News". www.businessairnews.com. Retrieved August 21, 2019.
  30. ^ "Business - Aviation Support | Gediminas Ziemelis". www.gediminasziemelis.com. Retrieved September 15, 2021.
  31. ^ Group, Avia Solutions. "Avia Solutions Group to enter into strategic partnership with Certares through a €300 million investment in the Group". www.prnewswire.com (Press release). Retrieved September 14, 2021.
  32. ^ ""Zverynas lofts"". Archived from the original on January 19, 2019. Retrieved August 31, 2017.
  33. ^ "Zveryno verslo fabrikas", lrytas.lt, 2016 Spalio 1.
  34. ^ "Žalia valda"
  35. ^ "International Duty Free Operator Globus Distribution", 2014 Rugpjūčio 3.
  36. ^ "ZIA Valda enters pharmaceuticals business with new Pharnasanta group". Lrytas.lt.
  37. ^ "Pharmasanta structure".
  38. ^ „Lietuvių startuolis stoja į karą su keleivius už nosies vedžiojančiomis oro linijomis“, 2017 Gegužės 26.
  39. ^ "Pristatytas Žiemelio klubo pavadinimas". basketnews.lt (in Lithuanian). Retrieved March 13, 2023.
  40. ^ "Žiemelis atvertė kortas – pristatytas klubo pavadinimas ir logotipas". lrt.lt (in Lithuanian). June 30, 2022. Retrieved March 13, 2023.
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