Profits take flight at Eastern Airways

Profits have soared at Eastern Airways Europe in a year when the airline, which operates from East Midlands Airport, added almost £20m to its revenues. 

Eastern Airways Europe was founded in 1997 as a service for oil and gas workers living in the UK and working offshore. Since then, it has expanded to provide transport operations for other sectors and business users.

In the year to 31 December, the business reported pre-tax profit of £3.8m up from £1.2m. Sales for the period rose from £71.3m to £88.5m with increases in scheduled and charter operations. Load factors also increased, the company said.

During the year, the group operated 17 Jetstream 41 aircraft, eight Saab 2000s and three ERJ 135/145 aircraft which it said provided considerable flexibility in matching demand from the scheduled airline and charter markets.

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