Vilnius Airport to launch investment project for aviation business development

Date

2016 05 23

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VNO Industrial Area is an investment project launched at Vilnius Airport. An 8 ha territory located in the area of Vilnius Airport is designated for specific companies providing small aircraft maintenance, repair and operations (MRO), air freight transport, business and general aviation services. Vilnius Airport is ready to invest EUR 7m in the project development.

Situated in the southwestern part of the airport next to the fire rescue station opened several years ago, VNO Industrial Area will offer six land plots prepared for construction to investors. The project area will be furnished with new infrastructure - engineering and telecommunications networks, places for aircraft parking, aviation security checkpoint, access roads and car parking lots for employees. Investors will have a chance to construct the buildings meeting their needs and to set up other infrastructure required for aviation activities.

“VNO Industrial Area is a non-standard and unique investment project targeted at the development of aviation services; therefore, potential partners are actively taking interest in it. Investors are offered an opportunity to develop or start their operations in an extremely convenient location of Vilnius Airport with a direct access to the apron. This location will enable an especially efficient technical service of aircraft, postal items or freight in terms of time, resulting in lower operating costs," says Jūratė Baltrušaitytė, Commercial Director at Lithuanian Airports.

In addition to the new infrastructure designed to meet specific needs, the aviation business operators based at Vilnius Airport will also have unrivalled transport connections with the major European cities both by air and by road. Investors will also have broad opportunities to enter into partnerships with the companies already operating at Lithuanian airports.

The work of installation of engineering and telecommunications networks, aircraft parking lots, security checkpoint, access road to the area and other infrastructure will start at the end of 2017. It is expected to end by the middle of 2018. Vilnius Airport will invest EUR 7m in this phase of the project.

Having leased the land plots, business operators will be able to start contract works in VNO Industrial Area at the beginning of 2018.

Currently, aircraft MRO services at Lithuanian airports are provided by FL Technics, Charter Jets and Jet MS; freight transport services are rendered by DHL, TNT, UPS, Lietuvos paštas, Litcargus, Baltcargo, APCargo, while the needs of business aviation are met by Charter Jets, Classic Jet, Klas Jet, DOT LT, Small planet airlines, etc.