Eos secures $75m for expansion - TravelMole


Eos secures $75m for expansion

Friday, 01 Nov, 2006 0

Business class-only carrier Eos has raised $75 million to fund future expansion, including new US routes from the UK.

The second round of institutional investment will enable the airline to expand its fleet of Boeing 757s in preparation for new services in 2007. Paris and Zurich flights to New York are under consideration in addition to more UK flights. 

Eos, which launched premium class-only flights between Stansted and New York last year, has secured the new expansion capital from both current and new institutional investors.

The airline announced the start of a second daily flight between New York and London in September using the 757s in a 48-seat configuration and claims to have maintained load factors of more than 65%. 

“The airline has identified and prepared initial applications for a range of possible new routes from New York, including growth markets such as Paris and Zurich, as well as potential new US city pairs for flights to and from London, “ a statement said. 

The carrier competes against MaxJet from Stansted and faces fresh transatlantic competition from newcomer Silverjet from Luton in January. 

Eos chairman and CEO Dave Pottruck said: “We will continue to innovate and to listen to the needs of our guests as we pursue new routes in 2007.”

Report by Phil Davies



Related News Stories:  



 

profileimage

Phil Davies



Most Read

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida

Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference

Insights from James Ferrara on Inteletravel’s Growth and Future

Tricia Handley-Hughes on Inteletravel’s Growth and Challenges

Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail

Sophia Hyder Hock on Global Social Inclusion in Tourism
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari

true