Entrepreneur and investor Adrian Kreter has officially launched AK Aviation Ltd, a Malta-based aviation company with an investment of over €15 million. The venture focuses on the purchasing and leasing of business jets to airline operators in Europe, serving the growing demand for private and corporate air travel.
AK Aviation is the most recent addition to Kreter’s diversifying portfolio and reinforces his long-term commitment to Malta as a business and investment hub. The company’s fleet includes the Embraer Phenom 300, the fastest single-pilot jet currently in production, capable of speeds up to Mach 0.80. Widely regarded as “the jet on every pilot’s wish list”, the Phenom combines superior performance, cutting-edge technology and an exceptional passenger experience.
Kreter’s business activities in Malta began in 2018, with the founding of Arringo Ltd, a rapidly growing business solutions provider that now employs over 200 people. In 2022, he further expanded with the acquisition of ArriTech (formerly QGen), strengthening his investment footprint in the country.
“Malta offers a central strategic location in Europe, with a stable financial environment and a skilled workforce. Our experience with Arringo and ArriTech highlights Malta as an optimal base for long-term business. With the opening of our Arringo flagship office building on the horizon, establishing AK Aviation’s headquarters in Malta was a logical decision,” Kreter said.
For more information, visit www.akaviation.eu.