Press Release

Issued by FCG OPS.

November 16, 2015

FBO Riga has recorded significant growth in demand for its services after the launch of a new business aviation center that consists of an aircraft hangar and a boutique-terminal at Riga International Airport (RIX). In October 2015, the total number of business aviation flights handled by the company has more than doubled while the number of business passengers climbed by 60% compared to company's results in the year-ago period.

“We are glad that our customers have highly estimated the capabilities of the new FBO Riga business aviation center. The first results speak for themselves; in less than two months after the launch of the new FBO facility we have climbed to the volumes of 2010-2011 both in the number of handled flights and passengers, and we do not intend to stop here. Today we are in negotiations with business operators and jet owners offering them flexible and beneficial solutions that we develop individually according to the objectives and needs of every single customer”, said Roman Starkov, co-owner of FBO Riga.

With the beginning of the winter season, FBO Riga is also recording high demand for hangar storage services. The company has already signed a number of contracts with jet owners and business operators, accommodated first jets and is expecting to fill the hangar capacity by the end of the year.

“While working on the construction and technical equipment of the FBO Riga facilities, and planning service portfolio we focused on customers' needs as well as market trends that might have an influence on business aviation industry in the future. Therefore, in FBO Riga project we have applied the best world practices and expertise. We are glad to offer our customers a full range of services, flexible pricing policy and an individual approach to each order. In early 2016, we are also planning to launch a MRO station for business aircraft at FBO Riga”, said Leonid Gorodnitski, co-owner of FBO Riga.

FBO Riga business aviation center consists of a multiuse boutique-terminal, a high tech aircraft hangar (8400 m²), a parking apron for business jets and a helipad. The hangar is fully equipped for storage and maintenance of business aircraft. It can easily accommodate up to five Boeing Business Jets or nine Gulfstream G550s.

FBO Riga business aviation center opened its doors in early September 2015 and became one of the most ambitious infrastructure projects successfully implemented in the Baltic states and the CIS in recent years. The total investment in the project amounted to 12.5 million euros.

FBO Riga is a part of the holding company Flight Consulting Group.