Story ID: 999
ASM Eyes Aircraft Management Portfolio
By: Peter Shaw-Smith
Caption: The company owns three aircraft
Word Count: 213
Aviation Services Management (ASM) is looking to manage business aircraft after obtaining a UAE air operator certificate in July, CEO Vito Gomes told AIN last week at the Dubai Airshow.  ASM was established in the UK as a British Virgin Islands entity in 1998 and is today based in Dubai with offices in India, Kenya, Sri Lanka, China, and Portugal. It is considering the addition of facilities in Mozambique and Angola.
Celebrating its 25th anniversary this year, it operates two owned Bombardier Learjet 60XRs and a leased Cessna Citation Sovereign. 
The company started out providing permits and ground handling and then moved into fuel tenders, currently supplying 100 airlines from Europe, the Middle East, Africa, and Asia. ASM progressed to aircraft charter in the middle of the last decade, and in 2016 it acquired two Learjet 60s to provide medevac, especially to Afghanistan, and charter services.
Gomes noticed that aircraft prices fell around 35 percent with the onset of Covid-19 and seized the moment to acquire two Learjet 60XRs. He later sold the older pair of Learjet 60s as aircraft prices climbed during the pandemic.
“We touched revenue of $1 billion in 2022," he said. "This year, we expect it to be much more than that.”