euroAtlantic Airways, a leading global provider of passenger widebody aircraft wet-leasing and charter services, has announced the appointment of Pauls Calitis as its new Chief Executive Officer. Effective 18 May 2026, Calitis will succeed Stewart Higginson, who has served as CEO since early 2024.
The appointment comes as the UK aviation market continues to grow, with passenger numbers expected to reach pre-pandemic levels by the end of 2026. This surge in demand is expected to have a positive impact on the UK economy, with estimates suggesting that the aviation industry will contribute £12.9bn to the country's GDP by 2027.
As a leading player in the global aviation market, euroAtlantic Airways' growth is likely to have a ripple effect on the UK's wider economy. The appointment of Calitis, who brings a wealth of experience in the aviation industry, is seen as a strategic move to drive the organisation's next phase of growth.
For UK households, the growth of the aviation industry is expected to lead to increased competition and lower fares. However, this may also lead to job insecurity for some employees in the sector. For businesses, the growth of the aviation industry presents opportunities for trade and investment, but also poses challenges in terms of supply chain management and logistics.
The Bank of England has taken note of the growth of the aviation industry and its potential impact on the UK economy. In its latest inflation report, the Bank highlighted the potential for the aviation industry to drive economic growth, but also noted the need for the industry to adapt to changing market conditions and consumer demand.