History
Founded as Air Zarco on 25 August 1993, the company adopted the trade name Air Madeira until 17 May 2000, when the Memorandum of Association was altered by deed, and the name of EuroAtlantic Airways - Transportes Aéreos S.A. was adopted.
EuroAtlantic is FAA (FAR129) and EASA (JAR OPS1) certified and has a maintenance agreement with TAP Air Portugal. EuroAtlantic operated a direct flight from Lisbon to Dili's Presidente Nicolau Lobato International Airport in January 2008 using a Boeing 757 carrying 140 members of the Portuguese National Guard. It was the first flight to land, larger than a Boeing 737 or a C-130 Hercules at the DIL/WPDL runway.
In 2005, euroAtlantic had €109 million in revenue and a profit of €5.9 million.
EuroAtlantic owns 38% of the national airline of São Tomé and Príncipe, STP Airways. The first flight of STP was to Lisbon, using a EuroAtlantic Boeing 767.
In 2009, EuroAtlantic Airways signed a deal to operate 2 Boeing 777-200ER on behalf of Biman Bangladesh Airlines. The airline is owned by Quanlux (Luxembourg) (45%), Tomaz Julio Teixeira Metello (25%), Anglotel (Luxembourg) (20%) and Danielle Chadrin Metello (10%) and has 239 employees (at March 2007).
EuroAtlantic was known for owning the last operated Lockheed L-1011 in Europe. The Lockheed L-1011 was formally owned by Air Zarco and was built in February 1983 and was obtained by EuroAtlantic in June 2000, but was stored in March 2010 in Amman.
Read more about this topic: EuroAtlantic Airways
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