ASTRAEUS AIRLINES
COMMERCIAL AIRCRAFT SOURCING AND MANAGEMENT
PRESS RELEASE
May 18, 2011.
ASTRAEUS PLACES NINE AIRCRAFT ON FOUR CONTRACTS FOR SUMMER 2011.
Gatwick-based aircraft management and leasing company Astraeus Airlines Limited has landed four contracts involving nine aircraft for summer 2011.
Two Boeing 757s and four Boeing 737s will be based in Reykjavik , flying in Iceland Express colours, while individual Boeing 757s will also be based in Edinburgh and Newcastle , with an Airbus A320 in Croatia
The Iceland Express routes, from June 1, 2011, will include Newark daily, Boston five times a week and Chicago and Winnipeg
“It’s well known that we changed our business model and moved out of charter and scheduled routes back in 2008, and three years on the rewards are really gathering a momentum: we have an established a year-round portfolio of clients, including several flag carriers, and our entire fleet – bar one ad hoc aircraft - is committed on dry, damp or wet lease to airlines around the world, and we’re sourcing more to address further opportunities,” said Mario Fulgoni, Chief Executive of Astraeus.
“We’ve established a process and approach that enables us to move and place our fleet internationally and seasonally to satisfy demand from airlines and operators, and we’re enjoying a consistent cycle of business through the seasons and around the world. As soon as the summer contracts are completed, we move the aircraft into winter contracts and schedules.”
Astraeus Airlines commenced operations in 2002, employs 250 people and operates a fleet of eleven Boeing 737 and 757 aircraft and one Airbus A320, primarily on contract with a number of airlines, including ACMI (aircraft, crew, maintenance, insurance). Astraeus has a worldwide Air Operator’s Certificate (AOC) 180 ETOPS and is IOSA accredited. Astraeus is a wholly-owned subsidiary of Eignarhaldsfelagid Fengur HF which also owns Iceland Express.
Ends
Further information:
Iain Macauley
Twitter @AEU_Astraeus
Twitter @Press-Relations
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