Usackas confirmed to Vz.lt. that he was leaving politics and turning to business.
ASG provides services to the aviation industry in 66 countries, according to the site.
Usackas started his diplomatic career in 1991 and held the post of Lithuania's foreign minister between 2008 and 2010. He has in the past served as the country's ambassador to the United States and Britain and has headed the EU's diplomatic missions to Afghanistan and Russia.
The long-time diplomat ran in the primaries of the conservative Homeland Union–Lithuanian Christian Democrats for the 2019 presidential election, but lost to Ingrida Simonyte.
ASG posted 14.05 million euros in consolidated net profits for 2018, almost a two-fold increase from 7.1 million euros in 2017. The group's revenue jumped by 25 percent to 420 million euros last year.
Ziemelis' group company to build 2nd furniture production facility
Furniture production and interior design company Fitsout , owned by Avia Solutions Group 's owner...
I lacked time to boost my reputation, Ušackas says
Former diplomat Vygaudas Ušackas , who lost in a primary presidential candidate election held by the...
Conservatives' leader calls Usackas decision to join ASG regrettable
Gabrielius Landsbergis , the leader of the Homeland Union–Lithuanian Christian Democrats , says...
Lithuanian aviation holding acquires British aircraft charter company
Avia Solutions Group , a global multipurpose aviation holding company, has completed the...
Avia Solutions Group to issue USD 300 mln worth of bonds
Avia Solutions Group , a global multipurpose aviation holding company owned by Lithuanian...
„Ryanair“ cuts 2 Vilnius routes and frequency on 11 amid Vilnius airport's decision to increase prices
Ryanair on 27 January announced that it would reduce its Summer 2023 schedule at Vilnius by 30 percent...
Regulator suggests consumers should review contracts with electricity suppliers as prices start decreasing
With electricity prices on the market falling in January, consumers should review their contracts with...
Employment in Lithuania highest in 24 years
Deputy Minister of Social Security and Labour Vytautas Šilinskas says that more and more nationals...
Lithuanian startups to hire hundreds in 2023, mostly marketing and IT staff
Today, Lithuania has over 700 active startups with a total workforce of 16,700 specialists, which...
Expatriates transferred more than EUR 1bn to Lithuania in 2022
Lithuanian expatriates transferred more than EUR 1 billion to Lithuania in 2022, an increase of 52%...
Top news
Regulator suggests consumers should review contracts with electricity suppliers as prices start decreasing
With electricity prices on the market falling in January, consumers should review their contracts with...
Lithuanians receive EUR 10mn in compensation for accommodating Ukrainian refugees
Since April 2022, owners of apartments and other residential premises, including businesses, have been...
„Ryanair“ cuts 2 Vilnius routes and frequency on 11 amid Vilnius airport's decision to increase prices
Ryanair on 27 January announced that it would reduce its Summer 2023 schedule at Vilnius by 30 percent...
Employment in Lithuania highest in 24 years
Deputy Minister of Social Security and Labour Vytautas Šilinskas says that more and more nationals...
Lithuanian startups to hire hundreds in 2023, mostly marketing and IT staff
Today, Lithuania has over 700 active startups with a total workforce of 16,700 specialists, which...
