euroAtlantic Airways

What euroAtlantic Airways does

euroAtlantic Airways is a Portugal-based commercial international airline founded on August 23, 1993 by Tomaz Metello under the original name Air Madeira, rebranded to its current identity in 2000. The company provides aircraft leasing (ACMI/Wet Lease, Dry Lease, Ad-Hoc Leasing), passenger and cargo charter services, EASA Part 145 certified line maintenance at Lisbon Airport, and aviation consulting. It operates a fleet of long-range widebody aircraft comprising Boeing 767-300ER, Boeing 777-200ER, and the newly integrated Airbus A330-200, with two additional Boeing 777s acquired in November 2024 to expand long-haul capacity. The 2025 Airbus integration marks the company's first non-Boeing airframe after decades of single-OEM operations.

The company's primary customers are commercial airlines requiring flexible fleet capacity for seasonal reinforcement, new route openings, or aircraft replacement during maintenance, alongside tour operators, logistics integrators, and corporate charter clients. Named enterprise customers include TAP Portugal, Air France KLM, Iberia, Air Europa, LOT Polish Airlines, Vueling, SATA (Azores Airlines), Azul Linhas Aereas Brasileiras, Air Madagascar, Air Greenland, UPS, and TNT Airways, with STP Airways operating as a subsidiary. The company holds IOSA certification (since 2009), IATA membership (since 2010), EASA Part 145 Approved Maintenance Organization status (PT.145.027), and AIR E certification.

Revenue is generated through multi-year ACMI/Wet Lease and Dry Lease contracts (the latter with 1-3 year minimum terms), transaction-based ad-hoc charter flights (typically 2-5 operations each), and professional services for consulting and line maintenance. Pricing is quote-based with no public disclosure. Go-to-market is direct B2B sales through a commercial department ([email protected]) for airline operators, supplemented by direct consumer booking through flyeuroatlantic.pt and physical offices in Lisbon and Bissau, Guinea-Bissau. In 2024, the company underwent a significant ownership and management transition with new CEO & Chairman Stewart Higginson, a capital injection, and a stated strategic focus on fleet expansion and international consolidation.

Name

euroAtlantic Airways

Legal name

EuroAtlantic Airways – Transportes Aéreos S.A.

Website

https://euroatlantic.pt

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

euroAtlantic Airways is a Portugal-based commercial airline founded in 1993 that provides ACMI/Wet Lease, Dry Lease, Ad-Hoc charter, EASA-certified line maintenance, and aviation consulting via a long-range widebody fleet (Boeing 767/777, Airbus A330) to global airline operators, logistics firms, and charter clients.

Ownership category

akta.pro rank

Product category

Air Charter and Aircraft Leasing Services

NAICS

Nonscheduled Air Transportation (48121), Nonscheduled Chartered Passenger Air Transportation (481211), Nonscheduled Chartered Freight Air Transportation (481212)

SIC

Air Transportation, Nonscheduled (4522)

akta.pro primary industry

ACMI / Wet-Lease Passenger Operators (THABADAA)

akta.pro secondary industries

Charter Airlines & ACMI / Wet-Lease Passenger Operators (TLAFAAAC), Charter Air Freight Forwarding (Full/Part Charter, ACMI Brokerage) (TLACAAAC)

Keywords

• Aircraft leasing services
• ACMI wet lease
• Charter flight services
• Aviation consulting
• Aircraft fleet management

Headquarters

HQ city

Sintra

HQ country

Portugal

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. ACMI / Wet Lease Services: Full-service aircraft leasing including aircraft, crew, maintenance, and insurance. The company provides aircraft ready for operation per client specifications, with EuroAtlantic responsible for the airplane, crew, necessary maintenance costs, and hull insurance.
2. Dry Lease: Long-term aircraft leasing (minimum 1-3 years) where clients lease only the aircraft without crew or maintenance services. Clients are responsible for all operational costs except major inspections and scheduled maintenance (A, B, and C checks).
3. Ad-Hoc Leasing: Short-term aircraft leasing for a small number of flights (typically 2-5 operations). Used for occasional flights, specific charter operations, and urgent operational needs.
4. Charter Services: Full-service charter flights where EuroAtlantic provides aircraft, crew, maintenance, insurance, fuel, ground handling, overflight/landing authorizations, catering, and crew accommodation.
5. Line Maintenance Services: EASA Part 145 certified line maintenance services provided at Lisbon Airport for aircraft operated by EAA and other operators.
6. Consulting Services: Aviation consulting services including operational planning, fleet management, operations analysis, and strategic support for airline operators.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

euroAtlantic Airways operates long-range widebody aircraft to deliver aircraft leasing (ACMI/Wet Lease, Dry Lease, Ad-Hoc Leasing), full-service passenger and cargo charter flights, aviation consulting, and EASA Part 145 certified line maintenance at Lisbon Airport. The fleet consists of Boeing 767-300ER, Boeing 777-200ER, and Airbus A330-200 aircraft used to serve airline operators and charter clients across multiple continents.

Product overview

euroAtlantic Airways operates as a commercial international airline offering a portfolio of aviation services including aircraft leasing (ACMI/Wet Lease, Dry Lease, Ad-Hoc Leasing), charter flights (Fretamento), aviation consulting, and line maintenance services (EASA Part 145 certified). The company operates a fleet of long-range widebody aircraft consisting of Boeing 767-300ER, Boeing 777-200ER, and the newly integrated Airbus A330-200 (marking diversification from its traditionally all-Boeing fleet since 2025). Services are primarily targeted at airline operators, tour operators, and charter clients needing temporary fleet reinforcement, seasonal capacity increases, new route openings, or aircraft replacement during maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• ACMI / Wet Lease Full-service aircraft leasing where euroAtlantic provides the aircraft, crew, maintenance, and hull insurance for client-specified operations. Clients cover fuel, passenger/cargo insurance, ground handling, overflight permits, catering, landing fees, and crew accommodation. Targeted at commercial airlines needing temporary fleet reinforcement.
• Dry Lease Long-duration aircraft leasing (minimum 1-3 years) where clients receive only the aircraft and are responsible for all operational costs, including scheduled maintenance inspections (A, B, C checks), staff, and insurance. Designed for airlines needing long-term fleet capacity.
• Ad-Hoc Leasing Short-term aircraft leasing for specific operations requiring an aircraft for a small number of flights (typically 2-5 operations), offering flexibility for urgent or occasional operational needs.
• Charter Services (Fretamento) Complete charter flights covering all operational costs including crew, maintenance, insurance, fuel, ground handling, overflight and landing authorizations, catering, and crew accommodation. Available for both passenger and cargo charter, served to airlines, tour operators, corporate groups, sports teams, and government delegations.
• Aviation Consulting Aviation consultancy drawing on decades of operational experience, offering operational planning, fleet management, operations analysis, and strategic support for airline operators.
• Line Maintenance Services EASA Part 145 certified line maintenance services located at Lisbon Airport (Approval No. PT.145.027), providing authorized aircraft line maintenance for euroAtlantic and other operators.

Quantifiable outcome

• Fleet expansion with integration of first Airbus aircraft in 2025, marking symbolic diversification after decades of Boeing-only operations

Named customers13 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• LAM (Linhas Aéreas de Moçambique)minorStrategic or Co-development Partner · 27 February 2025Partnership with LAM ended February 27, 2025. Previously operated services in African market.
• Azul Linhas Aéreas BrasileirascoreStrategic or Co-development Partner · 2 January 2025Partnership established January 2, 2025 to offer routes between São Paulo and Lisbon. This represents a significant expansion of EuroAtlantic's South American presence through collaboration with Brazil's largest airline.
• STP AirwayscoreChannel Partner/ Reseller/ DistributorSubsidiary airline operating under STP Airways brand, serving routes from São Tomé and Príncipe. Displayed as a key client partner on the EuroAtlantic website.
• TAP PortugalcoreChannel Partner/ Reseller/ DistributorMajor Portuguese airline operating as a key client. EuroAtlantic provides aircraft leasing and charter services.

Scale indicators5 records

Recent moves13 records

Expansion highlights5 records

Direct peers

• Hi Fly: Portuguese ACMI and charter operator headquartered in Lisbon, operating A330 and A350 fleets. Most direct competitor to euroAtlantic given same home-market, similar wet-lease/leasing/cargo services, and overlapping long-haul widebody focus.
• SmartLynx Airlines: Latvian-headquartered ACMI and charter specialist operating A320 family and A330 aircraft. A leading European wet-lease provider targeting exactly the same airline-customer and tour-operator segments as euroAtlantic.
• Avion Express: Lithuanian/Ireland-based ACMI operator with A320 family fleet focused on narrowbody wet-lease for European carriers. Serves the same airline customers seeking seasonal or ad-hoc capacity, though narrower in fleet scope than euroAtlantic.
• Wamos Air: Spanish ACMI and charter carrier operating A330 and B747 widebodies, focused on long-haul wet-lease and tour-operator charter flights. Closest Iberian competitor to euroAtlantic with comparable customer base.
• Norse Atlantic Airways: Norwegian long-haul low-cost carrier operating B787s, also offering ACMI and charter services from European hubs. Comparable in long-haul narrow-margin economics and B2B ACMI positioning to euroAtlantic.
• Air Atlanta Icelandic: Icelandic ACMI and charter operator specializing in B747 and B777 widebody wet-lease. Directly comparable long-haul widebody ACMI capability and customer base (cargo and passenger).
• Privilege Style: Spanish long-haul charter and ACMI operator with B777 fleet. Smaller scale and more custom-VIP tilt, but directly comparable long-haul widebody ACMI/charter service offering.
• Titan Airways: UK-based charter and ACMI operator using B757, A320 and B787 aircraft, providing ad-hoc and contract charter to corporates, sports teams and governments. Comparable in serving corporate/group charter demand alongside ACMI business.

Broad incumbents

• ASL Airlines Holdings: European ACMI and cargo-focused group (operating ASL Airlines France, Ireland, UK, Belgium) with broader narrowbody and freighter network. Overlaps with euroAtlantic in ACMI and cargo charter, but more diversified across multiple geographies and aircraft types.

Regional players

• JCA (Japan Creative Airlines): Japan-based charter and ACMI operator running B767s for Japanese carriers and government/VIP missions. Comparable in serving narrow, niche ACMI demand with older widebody types from a regional hub.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/euroatlanticofficial/?locale=pt_PT
• LinkedInlinkedin.com/company/euroatlantic-airways
• Instagraminstagram.com/euroatlantic_official
• Xx.com/euroatlantic

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about euroAtlantic Airways