Holding company also discloses liquidation of interior completions subsidiaries in July.
Wet-lease, logistics and MRO specialist Avia Solutions Group saw pre-tax losses balloon to over €110 million ($126 million) in the first half of 2026, as rising costs outstripped a modest increase in turnover.
Revealing its results for the six months ended 30 June, the group disclosed a pre-tax loss of €114 million, significantly up on the €6.3 million loss recorded in the same period a year earlier.
Losses at the operating level also rose to €71.4 million versus a €15.2 million profit in the first six months of 2025.
Turnover for the period stood at €1.1 billion, against a figure of €1 billion a year earlier.
Costs for the period rose to €699 million, up from €581 million, including fuel costs that increased to €184 million from €110 million and goods purchased that near-doubled to €143 million from €77 million in the first half of 2025.
Impairment charges also rose, to €42 million, from a positive figure of €8 million last year.
In May this year, UK subsidiary Ascend Airways was placed into liquidation, with ASG registering a net €20 million gain on the disposal.
In addition, the company in July took the decision to liquidate aircraft interiors subsidiaries JETMS Completions and JETMS Interiors, respectively based in the UK and Lithuania, “in the face of declining demand for interior works resulting from reduced airline spending due to the [US-Iran] war”, the report discloses.
Combined, the two businesses registered a €2.1 million first-half loss on revenues of €1 million.
ASG had in 2025 announced it was restructuring the two businesses: from 1 January 2026 transferring all production from the UK to Lithuania, retaining the former operation as its design and engineering centre.
During the first six months of the year ASG also acquired several businesses, including Czech MRO firm Job Air Technic and UAE-based insurance broker AI12.
The post Avia Solutions Group first-half loss tops €110m first appeared on FlightGlobal.
