ETF Airways
ETF Airways is a Croatian airline providing B2B ACMI (wet/damp lease) capacity, ad-hoc passenger charter, and seasonal tour-operator charter using a fleet of three Boeing 737-800s, serving European carriers, tour operators, and charter brokers globally.
- Company typePrivate
- Founded2020
- HeadquartersZagreb, Croatia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What ETF Airways does
ETF Airways is a privately held Croatian airline (legal entity ETF Airways d.o.o., registered at the Commercial Court in Zagreb, capital stock 7,558,200.00 HRK) that provides B2B air transport capacity, primarily through ACMI (Aircraft, Crew, Maintenance, Insurance) wet and damp leases, ad-hoc passenger charter, and seasonal tour-operator charter services. The company was conceived in 2016 by three airline captains (Dragan, Marko, Stjepan) and launched operations in 2021, receiving its Air Operator Certificate in May 2021. It operates a fleet of three Boeing 737-800 aircraft — Enterprise (9A-ABC), Voyager (9A-LAB), and Discovery (9A-KOR) — from its Zagreb home base, supported by a 24/7 Operational Control Centre for monitoring and Aircraft-on-Ground (AOG) situations. Headcount is in the 51–100 range.
The operational and technical foundation is a comprehensive suite of regulatory approvals that enable trans-regional operations: IOSA (achieved 2023), EASA Part-129, UK TCO, FAR 129 (US) and Canadian FAOC (2024), plus NAT HLA and MNPS oceanic airspace clearance and CAT III low-visibility capability (RVR as low as 200m). Crew planning runs on third-party Leon Software; the fleet is managed via the internal 24/7 OCC. These certifications are prerequisites for the ACMI contracts the company holds with major European carriers and function as the primary barrier protecting its business.
Commercially, ETF Airways sells directly through a dedicated 24/7 charter sales team to airlines, tour operators, and charter brokers. Revenue is generated from individually negotiated, multi-year ACMI lease contracts (its core recurring driver) and transactional per-flight charter fares; pricing is custom-quoted and not publicly disclosed. Under ACMI arrangements ETF aircraft typically operate under the partner airline's brand, effectively making the company a white-label capacity provider. Established customers include NEOS, Transavia (Holland and France), Jet2, Sunexpress, Sundair, Corsair, and My Wings Aviation. The airline reported carrying 1 million passengers in 2024.
ETF Airways firmographics
Firmographics- Name
- ETF Airways
- Legal name
- ETF Airways društvo s ograničenom odgovornošću za zračni prijevoz (ETF Airways limited liability company for air transport)
- Website
- https://etfairways.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ETF Airways is a Croatian airline providing B2B ACMI (wet/damp lease) capacity, ad-hoc passenger charter, and seasonal tour-operator charter using a fleet of three Boeing 737-800s, serving European carriers, tour operators, and charter brokers globally.
- Ownership category
- akta.pro rank
Where ETF Airways is headquartered
LocationHeadquarters
- HQ city
- Zagreb
- HQ country
- Croatia
- HQ region
- Europe
Offices3 records
Markets served
ETF Airways business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- ACMI Services (Wet and Damp Leases): Full ACMI (Aircraft, Crew, Maintenance, Insurance) services including wet or damp leases, fully tailored to customer needs. Core revenue driver, with contracts established with operators including NEOS, Transavia Holland, Transavia France, Jet2, and Sunexpress.
- Ad-hoc Passenger Charter: Freshly refurbished fleet of Boeing 737-800 aircraft available for ad-hoc passenger charter services globally. Revenue earned per flight or block of flights on a transactional basis.
- Tour Operator Seasonal Charter: Seasonal charter offers for tour operators with fully customisable equipment, interior, and in-flight entertainment. Tailored to seasonal demand cycles.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | ACMI / Wet Lease contracts — custom pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
ETF Airways product offering
Product offeringCore offering
ETF Airways is a Croatian airline that provides ACMI (Aircraft, Crew, Maintenance, Insurance) wet and damp lease services and ad-hoc passenger charter flights using a three-aircraft Boeing 737-800 fleet. It supplies supplemental capacity to other airlines and tour operators globally, supported by a 24/7 Operational Control Centre for AOG response. Its offerings include seasonal tour operator charters with customisable cabins and in-flight entertainment.
Product overview
ETF Airways is a Croatian airline offering a portfolio of aviation services built around its fleet of three Boeing 737-800 aircraft. The core offerings consist of ACMI services (wet and damp leases providing aircraft with full operational crew, maintenance, and insurance), passenger charter flights operated globally on an ad-hoc basis, and seasonal tour operator packages with customisable equipment and in-flight entertainment. The airline also provides 24-hour AOG support through its Operational Control Centre. The three named aircraft in the fleet—Discovery, Enterprise, and Voyager—each operate under the Boeing 737-800 type with varying configurations and capabilities including CAT II/III low visibility operations.
Differentiator
Problem solved
Functional benefit
Brands
- Enterprise: Boeing 737-800 aircraft with registration 9A-ABC, manufactured in 2004, Maximum Takeoff Weight 77791 kg.
- Voyager
- Discovery
Products and services
- ACMI Services (Wet and Damp Leases) Full scope of ACMI (Aircraft, Crew, Maintenance, Insurance) services including wet or damp leases, fully tailored to the needs of client airlines. Aircraft operate under the partner airline's brand and marketing across European bases.
- Ad-hoc Passenger Charter Services Ad-hoc passenger charter flights operated globally using the airline's freshly refurbished fleet of Boeing 737-800 aircraft, available to corporates, travel agencies, and private groups.
- Tour Operator Charter Packages Seasonal charter offers for tour operators featuring fully customisable equipment, cabin interior, and in-flight entertainment to support holiday package products from European departure points to leisure destinations.
- AOG Support (24/7 Operational Control Centre) 24-hour Operational Control Centre providing assistance and support for any unforeseen events and Aircraft on Ground (AOG) situations for ACMI and charter customers.
- Enterprise (9A-ABC) Boeing 737-800 Boeing 737-800 aircraft (registration 9A-ABC, manufactured 2004, serial number 30667) with maximum takeoff weight of 77,791 kg, deployed across ACMI and charter operations.
- Voyager (9A-LAB) Boeing 737-800 Boeing 737-800 aircraft (registration 9A-LAB, manufactured 2001, serial number 30882) with CAT 3 A low visibility capability, used in ACMI operations.
- Discovery (9A-KOR) Boeing 737-800 Boeing 737-800 aircraft (registration 9A-KOR) in a 189-seat single-class configuration with maximum range of 5,665 km, maximum takeoff weight of 79,015 kg, and CAT 2 A low visibility capability, manufactured in 2006.
Quantifiable outcome
- 1 million passengers transported in 2024
- +1 more outcomes
Companies that use ETF Airways
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
ETF Airways technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
ETF Airways partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and minor.
- Jet2coreACMI operations partnership established in 2024. ETF Airways provides Boeing 737-800 aircraft under wet lease arrangements to Jet2, operating under the Jet2 brand and marketing.
- SunexpresscoreACMI operations partnership established in 2024. ETF Airways provides aircraft capacity to Sunexpress under wet lease arrangements.
- NEOScoreACMI operations partnership established in 2023 following IOSA certification. Wet lease services provided to NEOS.
- Transavia HollandcoreACMI operations from Eindhoven and Rotterdam airports established March 2022. Enterprise and Voyager aircraft operated under Transavia brand.
- Transavia FrancecoreACMI operations partnership established in 2023 with Transavia France under wet lease arrangements.
- SundaircoreWet lease contract signed September 2021 for one aircraft based out of Dresden, Germany. Enterprise dispatched from Zagreb home base.
- CorsaircoreWet lease agreement signed December 2021. Enterprise dispatched to Reunion Island in the Indian Ocean east of Madagascar.
- My Wings AviationcoreLong-term contract secured June 2021 for flights from Pristina International Airport, Kosovo. Voyager received a new livery in My Wings colours.
- TUIminorTour operator partner listed in the Our Partners section on the ETF Airways homepage.
- Air SerbiaminorAirline partner listed in the Our Partners section on the ETF Airways homepage.
- AlbawingsminorAirline partner listed in the Our Partners section on the ETF Airways homepage.
- ASL Aviation FranceminorAirline partner listed in the Our Partners section on the ETF Airways homepage.
- NorwegianminorAirline partner listed in the Our Partners section on the ETF Airways homepage.
- SmartAviationminorAviation partner listed in the Our Partners section on the ETF Airways homepage.
- Chapman FreebornminorAir charter broker partner listed in the Our Partners section on the ETF Airways homepage.
- AvicominorAviation partner listed in the Our Partners section on the ETF Airways homepage.
- Air Charter Centre (ACC)minorAir charter partner listed in the Our Partners section on the ETF Airways homepage.
- AeroTravel (Acs)minorCharter partner listed in the Our Partners section on the ETF Airways homepage.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
ETF Airways competitors and assessment
Company assessmentBroad incumbents
- Hi Fly: Portugal-based ACMI and charter specialist operating Airbus A330/A340 widebodies. Comparable as a larger, established ACMI operator serving tour operators and flag-carrier capacity needs in Europe, Africa, and Indian Ocean — similar geography to ETF's existing Reunion operations.
- ASL Aviation Holdings: Dublin-headquartered ACMI group operating multiple European wet-lease/contract-carrier subsidiaries. A broader incumbent in the same ACMI category as ETF, with substantially larger fleet and customer portfolio (including partners listed on ETF's site such as ASL Aviation France).
Direct peers
- Avion Express: Lithuania-based narrowbody ACMI and wet-lease specialist operating a fleet of Airbus A320 family aircraft for European LCC and leisure carriers. Directly comparable to ETF Airways in customer type (Jet2, Sunexpress, Transavia-style counterparties) and the ACMI-as-a-service business model.
- Wamos Air: Spain-based ACMI and charter operator flying 747s and A330s (previously 737s) for European tour operators and other carriers. Comparable to ETF in the wet-lease-for-tour-operators business, with similar seasonality of demand and B737 fleet heritage.
- Titan Airways: UK-based charter and ACMI specialist with a Boeing 757/767/A320 mixed fleet, serving corporate and ad-hoc charter demand in addition to wet-lease contracts. Comparable to ETF in the ad-hoc charter and AOG support value proposition and European customer base.
- SmartLynx Airlines: Latvia-based ACMI/charter operator with a fleet of A320s and 737s serving European tour operators and airlines. Closely comparable to ETF in ACMI leasing value proposition, customer overlap (TUI, leisure carriers), and certified wet-lease approvals (IOSA, EASA).
- AirExplore: Slovakia-based ACMI/wet-lease carrier and part of the Avion Express group, operating Boeing 737-800s on similar wet-lease contracts to European leisure operators. Direct competitor for the exact Transavia/Jet2-style mandates ETF targets.
Emerging players
- Norse Atlantic Airways: Norway-based long-haul LCC/ACMI hybrid operating Boeing 787 wet-lease and scheduled services. Relevant comparable as it uses partner-airline capacity to serve cyclical/seasonal long-haul demand, similar in commercial logic to ETF's approach but in long-haul.
Regional players
- Blue Air Aviation: Romanian LCC that has historically operated ACMI capacity into European and Middle East markets and overlapping with similar airline customer profiles. Relevant comparable as a regional ACMI/contract-carrier operator competing for the same Eastern and Southern European mandates.
Others
- AirBridgeCargo / CargoLogic (ACMI cargo adjacent): Included as an adjacent ACMI player — same contracted-capacity operating model but in the air-cargo ACMI segment rather than the passenger ACMI segment ETF Airways serves. Useful as a structural template for ACMI contracting economics.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
ETF Airways social profiles
Digital presenceETF Airways compliance and trust
Trust signalCompliance5 records
ETF Airways financial estimates
Financial estimateRevenue estimate
Valuation estimate
ETF Airways leadership team
Management profileNumber of profiles
Profiles4 records
ETF Airways funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ETF 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 ETF Airways
What does ETF Airways do?
ETF Airways is a Croatian airline that provides ACMI (Aircraft, Crew, Maintenance, Insurance) wet and damp lease services and ad-hoc passenger charter flights using a three-aircraft Boeing 737-800 fleet. It supplies supplemental capacity to other airlines and tour operators globally, supported by a 24/7 Operational Control Centre for AOG response. Its offerings include seasonal tour operator charters with customisable cabins and in-flight entertainment.
Is ETF Airways a public or private company?
ETF Airways is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ETF Airways founded?
ETF Airways was founded in 2020. It employs 101 to 250 people.
Where is ETF Airways based?
ETF Airways is headquartered in Zagreb, Croatia, in the Europe region.
How does ETF Airways make money?
Three revenue lines are on record. ACMI Services (Wet and Damp Leases) is the primary driver. The others are ad-hoc Passenger Charter and tour Operator Seasonal Charter.
Who are ETF Airways's main competitors?
Broad incumbents on record are Hi Fly and ASL Aviation Holdings. Direct peers are Avion Express, Wamos Air, Titan Airways, SmartLynx Airlines and AirExplore. Norse Atlantic Airways is listed as an emerging player. Blue Air Aviation is listed as a regional player. AirBridgeCargo / CargoLogic (ACMI cargo adjacent) is listed as an others.
Does ETF Airways have an API?
No public API is recorded for ETF Airways.