Lithuania’s GetJet Group Secures $35.8M to Expand Narrowbody Fleet
Lithuania’s GetJet Group has secured EUR31 million (USD35.8 million) in fresh external financing as it moves to expand its fleet and capitalize on growing demand in the ACMI market. The funding has been provided by London-based volofin Capital Management and will support the acquisition of up to five additional narrowbody aircraft.
The new aircraft are expected to join the fleet in the second quarter of 2026, strengthening GetJet Group’s capacity at a time when airlines worldwide are increasingly turning to ACMI (aircraft, crew, maintenance, and insurance) providers to manage seasonal peaks, operational disruptions, and capacity constraints. The company said the expansion is driven by a strong pipeline of clients and rising demand for flexible leasing solutions.
GetJet Group operates through two air operator certificates (AOCs): GetJet Airlines and GetJet Airlines Malta, the latter formerly known as Airhub Airlines. This dual-AOC structure enables the group to optimize operations across different regulatory environments and better serve a diverse international customer base.
The financing underscores investor confidence in the ACMI sector, which has seen sustained growth as airlines seek cost-efficient ways to expand capacity without committing to long-term fleet ownership. By securing additional aircraft, GetJet Group aims to strengthen its position in this competitive segment and respond quickly to evolving airline needs.
The planned fleet additions are expected to enhance operational flexibility, allowing the company to deploy aircraft across multiple markets and adjust capacity in line with demand trends. Narrowbody aircraft, in particular, remain a key asset in short- and medium-haul operations, making them well-suited for ACMI contracts across Europe, the Middle East, and other regions.
The deal with volofin Capital Management also reflects the increasing role of specialized aviation financiers in supporting airline and leasing company growth. Access to tailored financing solutions has become essential for operators looking to scale quickly while maintaining balance sheet discipline.
As global air travel continues to recover and stabilize, ACMI providers like GetJet Group are positioned to play a critical role in supporting airlines’ operational resilience. The latest funding round reinforces the group’s expansion strategy and its ambition to capture a larger share of the growing wet-lease market.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com