Eos Airlines Plans for Expansion
Nov 20, 2006 | 1:46 pm
#1
Original Poster
Join Date: Sep 2002
Location: NYC
Posts: 1,223
Eos Airlines Plans for Expansion
US premium transatlantic carrier Eos is planning to add at least two Boeing 757s and up to three new routes by the end of next year.
Eos operates three Boeing 757-200s on twice daily scheduled services between New York JFK and London Stansted. It began operations just over a year ago, in October 2005.
Speaking to ATI following a breakfast briefing in London this morning, Eos global sales executive VP Toby Joseph said: By the end of next year we are intent on flying to a total of three city [pairs]. We will be adding a minimum of two city pairs next year.
Eos is planning to add routes from both Stansted and JFK, adding at least one destination in each direction in 2007. The second US destination is due in spring.
We are looking at, in no particular order, Washington, Chicago and Boston [from Stansted]. We will serve them all, its just a matter of order. Next year we will add one, if not two, US destinations [from Stansted], says Joseph.
From JFK the carrier is evaluating Paris, Zurich, Frankfurt and Amsterdam. Joseph says that at least one of these will come on line next year.
In the longer term, it will add two to three destinations each year for the next three years. Eos has permission to serve other UK entry points, but this does not feature in the airlines short-term plans.
Joseph says to meet this expansion Eos is planning to take at least another two Boeing 757s next year, taking its total fleet to five. He adds the airline will stick with the Boeing 757 for the foreseeable future due to its strong fit with the companys business plan and route network.
Eos, which employs 230 staff, has just raised $75 million through a capital increase to fund the network and fleet growth. Eos had not previously identified the number of aircraft that it is seeking. It may consider flotation at some point in the future, says Joseph.
The carriers load factors are running at just under 70% on aircraft configured with 48 lie flat seats, against a possible 220 capacity.
During the August anti-terrorist security ramp up, Joseph says that Eos bookings rose by a third. On a per flight basis, we are considerably better than breakeven, he says.
Source: Air Transport Intelligence news
Eos operates three Boeing 757-200s on twice daily scheduled services between New York JFK and London Stansted. It began operations just over a year ago, in October 2005.
Speaking to ATI following a breakfast briefing in London this morning, Eos global sales executive VP Toby Joseph said: By the end of next year we are intent on flying to a total of three city [pairs]. We will be adding a minimum of two city pairs next year.
Eos is planning to add routes from both Stansted and JFK, adding at least one destination in each direction in 2007. The second US destination is due in spring.
We are looking at, in no particular order, Washington, Chicago and Boston [from Stansted]. We will serve them all, its just a matter of order. Next year we will add one, if not two, US destinations [from Stansted], says Joseph.
From JFK the carrier is evaluating Paris, Zurich, Frankfurt and Amsterdam. Joseph says that at least one of these will come on line next year.
In the longer term, it will add two to three destinations each year for the next three years. Eos has permission to serve other UK entry points, but this does not feature in the airlines short-term plans.
Joseph says to meet this expansion Eos is planning to take at least another two Boeing 757s next year, taking its total fleet to five. He adds the airline will stick with the Boeing 757 for the foreseeable future due to its strong fit with the companys business plan and route network.
Eos, which employs 230 staff, has just raised $75 million through a capital increase to fund the network and fleet growth. Eos had not previously identified the number of aircraft that it is seeking. It may consider flotation at some point in the future, says Joseph.
The carriers load factors are running at just under 70% on aircraft configured with 48 lie flat seats, against a possible 220 capacity.
During the August anti-terrorist security ramp up, Joseph says that Eos bookings rose by a third. On a per flight basis, we are considerably better than breakeven, he says.
Source: Air Transport Intelligence news
