Electra Airways
Electra Airways is a Bulgaria-based airline operating Airbus A320 aircraft under wet-lease (ACMI) and charter arrangements, serving commercial airlines such as LOT Polish Airlines and travel operators with route and crew capacity across Europe and the Middle East.
- Company typePrivate
- Founded1996
- HeadquartersSofia, Bulgaria
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Electra Airways does
Electra Airways is a Bulgaria-based commercial airline headquartered in Sofia that provides aircraft wet-leasing (ACMI) and charter flight services to airline and travel-industry customers. The company operates a fleet of Airbus A320 narrow-body aircraft and delivers two principal service lines: long-form wet-lease arrangements where Electra supplies both aircraft and crew under a partner airline's brand, and ad-hoc charter services for specialized routings. Its core wet-lease business is anchored by LOT Polish Airlines, for which Electra operates flights including the Warsaw–Tel Aviv route under LOT branding, while its charter arm has been deployed for temporary "air bridge" services connecting Aqaba (Jordan) with Paphos (Cyprus) during periods of regional airspace disruption.
The company generates revenue through recurring wet-lease fees negotiated bilaterally with airline counterparties and through transaction-based charter fees for short-duration, event-driven routings such as the March 30 – April 8, 2026 Israel–Jordan–Cyprus air bridge arranged with Israeli travel operator ISSTA. Its go-to-market is exclusively B2B and direct — no consumer-facing channels or app-based distribution are evident — and customer relationships are concentrated in commercial airlines and travel/tourism operators serving Europe and the Middle East. Geographic operations span Bulgaria, Poland, Israel, Turkey, Cyprus, and Jordan.
The business is asset-light in distribution but capital-intensive in operation, with aircraft, crew, and regulatory certifications (EU-compliant air operator certificate) forming the core operating backbone. No parent company, investor base, or external funding rounds are documented; ownership and beneficial control are undisclosed in the available sources, and there is no evidence of AI, software, or proprietary technology platforms underpinning the service — the offering is fundamentally a physical aviation services business. Note: the firmographic year_founded is 2016, while a separate source lists 1996; this discrepancy is unresolved within the available data.
Electra Airways firmographics
Firmographics- Name
- Electra Airways
- Legal name
- Electra Airways
- Website
- https://electra-airways.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Electra Airways is a Bulgaria-based airline operating Airbus A320 aircraft under wet-lease (ACMI) and charter arrangements, serving commercial airlines such as LOT Polish Airlines and travel operators with route and crew capacity across Europe and the Middle East.
- Ownership category
- akta.pro rank
Electra Airways industry classification
Industry- Product category
- Airline Wet-Lease and Charter Services
- NAICS
- Nonscheduled Chartered Passenger Air Transportation (481211), Nonscheduled Air Transportation (4812)
- SIC
- Air Transportation, Nonscheduled (4522)
- akta.pro primary industry
- ACMI / Wet-Lease Passenger Operators (THABADAA)
- akta.pro secondary industries
- Group & ACMI Charter Airlines (Ad-hoc/Wet Lease) (TLAFABAC), Emergency, Evacuation & Repatriation Charter Operators (THABADAH)
Keywords
Where Electra Airways is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Markets served
Electra Airways business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Aircraft wet-leasing and charter operations: Electra Airways operates aircraft (Airbus A320) for other airlines, providing both aircraft and crew services. Revenue is generated through wet-lease arrangements where the company earns fees for operating flights on behalf of airline customers such as LOT Polish Airlines.
- Charter and special route services: Operates temporary air bridge and charter services connecting airports in Jordan (Aqaba) with Cyprus (Paphos), providing passenger flight services during periods of regional disruption and restricted capacity.
Distribution channels2 records
Marketing channels1 record
Electra Airways product offering
Product offeringCore offering
Electra Airways is a Bulgarian airline that operates Airbus A320 aircraft for other carriers under wet-lease and charter arrangements, providing aircraft, crew, maintenance, and insurance (ACMI) services. The airline primarily serves other commercial airlines seeking additional fleet capacity and operates temporary charter air bridge services for travel operators during periods of regional disruption.
Product overview
Electra Airways is a Bulgarian airline operating a fleet of Airbus A320 aircraft. The company primarily provides wet-lease/charter services, operating flights on behalf of partner airlines such as LOT Polish Airlines. The airline also operates temporary air bridge services for specialized travel arrangements, such as the Jordan-Cyprus route facilitated during periods of restricted airspace in Israel.
Differentiator
Problem solved
Functional benefit
Products and services
- Electra Airways Charter and Wet-Lease Services
Companies that use Electra Airways
Customer profileNamed customers2 records
Segments2 records
Electra Airways technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Electra Airways partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ISSTAcoreISSTA, an Israeli travel company, engaged Electra Airways to operate a temporary daily air bridge connecting Aqaba airport in Jordan with Paphos in Cyprus from March 30 to April 8, 2026. The arrangement addresses restricted flight capacity from Israel during Passover, with passengers traveling overland from Israel. Electra provides the aircraft and flight operations while ISSTA coordinates ground travel services and visa facilitation.
- LOT Polish AirlinescoreElectra Airways operates Airbus A320 aircraft for LOT Polish Airlines under a wet-lease arrangement. The aircraft and crew are provided by Electra Airways while the flight is marketed under the LOT Polish Airlines brand. This partnership enables LOT to operate routes such as Warsaw to Tel Aviv without maintaining additional owned aircraft.
Scale indicators2 records
Recent moves4 records
Expansion highlights3 records
Electra Airways competitors and assessment
Company assessmentDirect peers
- BBN Airlines: Turkish ACMI operator providing narrow-body capacity to European and Middle Eastern carriers, directly comparable to Electra in ACMI-only positioning and exposure to the Eastern Mediterranean and Middle East markets.
- Hi Fly: Portuguese ACMI and charter operator running A320/A330 aircraft for airlines and governments worldwide — comparable as a pure-play wet-lease provider competing for the same flag-carrier and charter contracts.
- Amelia International: French ACMI/wet-lease and charter operator providing regional jet and turboprop capacity to airlines and corporate clients; comparable in offering flexible crew-and-aircraft capacity on an outsourced basis.
- GetJet Airlines: Lithuanian A320-family ACMI and charter operator providing wet-lease capacity to European airlines, structurally similar to Electra in fleet composition, ACMI focus, and Eastern European cost base.
- Sundair: German charter and ACMI operator flying A320 family aircraft on behalf of tour operators and airlines; a peer in the European ACMI/charter niche with comparable narrow-body fleet focus.
- SmartLynx Airlines: Latvian-based ACMI/wet-lease operator running a large A320 family fleet on behalf of European flag carriers and tour operators — the most directly comparable peer to Electra in aircraft type, geography, and ACMI-only business model.
- Avion Express: Lithuanian ACMI/charter specialist operating A320 family aircraft across Europe, the Middle East, and Africa for partner airlines — directly comparable in fleet type, ACMI-first model, and regional Eastern European base.
Broad incumbents
- Smartwings: Czech-based airline group combining scheduled leisure service with charter/ACMI provision of B737 and other aircraft; a broader incumbent competing for the same European charter and wet-lease contracts.
- Wizz Air: Large Central European LCC with its own ACMI arm — a broader incumbent that occasionally supplies wet-lease capacity to competitors, illustrating both the scale advantage and the upside benchmark a successful Bulgarian ACMI operator targets.
Others
- LOT Polish Airlines: Electra's principal wet-lease customer and not a direct competitor, but a key ecosystem relationship: LOT's ongoing outsourcing needs and contract terms set the demand and pricing environment in which Electra operates.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Electra Airways social profiles
Digital presenceElectra Airways financial estimates
Financial estimateRevenue estimate
Valuation estimate
Electra Airways leadership team
Management profileNumber of profiles
Electra Airways funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Electra Airways M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Electra Airways
What does Electra Airways do?
Electra Airways is a Bulgarian airline that operates Airbus A320 aircraft for other carriers under wet-lease and charter arrangements, providing aircraft, crew, maintenance, and insurance (ACMI) services. The airline primarily serves other commercial airlines seeking additional fleet capacity and operates temporary charter air bridge services for travel operators during periods of regional disruption.
Is Electra Airways a public or private company?
Electra Airways is a private company. It is currently operating.
When was Electra Airways founded?
Electra Airways was founded in 1996. It employs 101 to 250 people.
Where is Electra Airways based?
Electra Airways is headquartered in Sofia, Bulgaria, in the Europe region.
How does Electra Airways make money?
Two revenue lines are on record. Aircraft wet-leasing and charter operations are the primary driver. The others are charter and special route services.
Who are Electra Airways's main competitors?
Direct peers on record are BBN Airlines, Hi Fly, Amelia International, GetJet Airlines, Sundair, SmartLynx Airlines and Avion Express. Broad incumbents are Smartwings and Wizz Air. LOT Polish Airlines is listed as an others.
Does Electra Airways have an API?
No public API is recorded for Electra Airways.
What industry is Electra Airways in?
Electra Airways's product category is Airline Wet-Lease and Charter Services. Its primary akta.pro industry code is THABADAA, ACMI / Wet-Lease Passenger Operators, with a secondary code of TLAFABAC, Group & ACMI Charter Airlines (Ad-hoc/Wet Lease). Its NAICS code is 481211 and its SIC code is 4522.