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www.euroatlantic.

pt

COMPANY PROFILE
ANYTIME, ANYWHERE!

IOSA Operator 1
euroAtlantic is registered as an IOSA Operator
under the IATA Operational Safety Audit Programme
02 euroAtlantic airways Company Profile 2015
euroAtlantic airways Company Profile 2015 03
The first aircraft of euroAtlantic airways was a
Lockheed Tristar 1011-500 named Naughton Simo.
It flew from 1997 to 2008.

WORLD TRAVEL AWARDS


NOMINATED
WORLD BEST CHARTER AIRLINE
04 euroAtlantic airways Company Profile 2015

Table of Contents About euroAtlantic airways


euroAtlantic Sport 34

euroAtlantic airways Services


ACMI - Wet Lease 36
Dry Lease 37
Aircraft Charter 38
Ad-Hoc Leasing 39

Editorial 07
Company History 08
Our Vision, Mission and Values 09 Cargo Services 40
Maintenance 40
Consulting 40
Design Services 40

Working all over the world

Organogram & Personnel 10

Our Fleet 13
Since the beginning 14
14

Some Clients 42
Personalize Our Aircraft 44

Financial Information

Boeing 737-800 CS-TQU 16


Boeing 767-300 ER CS-TLO 17
Boeing 767-300 ER CS-TRN 18
Boeing 767-300 ER CS-TFT 19
Boeing 767-300 ER CS-TKT 20
Boeing 767-300 ER CS-TKS 21 General Financial Information 47
Boeing 777-300 ER CS-TFM 22 Financial Statements 2014 48
Boeing 767-200 ER | Phase-In CS-TKR 23 Financial Statements 2013 50
Citation CJ3 CS-DVH 25 Financial Statements 2012 52
Build Your Business 26 Financial Statements 2011 54
Financial Statements 2010 56
euroAtlantic Cargo Service 28 Financial Statements 2009 58
Cargo Specifications 29 Financial Statements 2008 60
Boeing 767-300 SF CS-TLZ 30 Financial Statements 2007 62
Cargo Configurations 31 Financial Statements 2006 64
Financial Statements 2005 66
Our Classes
Subsidiary Enterprises 68
Costumer Feedback 69

First Class 32 Flying the World 70


Business Class 32 Member of 72
Comfort Class 33 Our Certifications 73
Economy Class 33 Prizes 74
Our contacts 75
ENGINEERING CONSULTING DESIGN

WITH EUROATLANTIC MAINTENANCE


THE ROAD TO SUCCESS
I S A L W AY S U N D E R CONSTRUCTION
euroAtlantic airways is authorized to perform line maintenance services
to third parties at Lisbon airport according the 8th category
of Ramp Assistance Licence, rules 8.1 / 8.2 / 8.3 and 8.4.
Approval PT.145.027 allow to perform line maintenance up to A Checks on B737-
800 (CFM56), B767-300 (PW4060 and CF6-80) and B777-200 (RR Trent 884) aircraft.
Approval PT.MG.017 hold Subpart I privileges on B737NG, B767 and B777 aircraft.
06 euroAtlantic airways Company Profile 2015

COMPANYPROFILE

Editor-in-chief & Design


euroAtlantic Marketing & Image Department
Joo Pedro S Ribeiro
joao.ribeiro@euroatlantic.pt

2710-692 Sintra, Portugal


Tlf. (+351) 219 247 300
Fax (+351) 219 247 391
NIPC 511 057 822

CONSISTENCY Print Run 250


Frequency Annual magazine

For more information please regarding this magazine

ACCURACY
marketing@euroatlantic.pt

All work is an original and is deemed


intellectual property of euroAtlantic Airways

TRUST
and protected by copyright.
Names, titles, slogans and draws are protected
by copyright law and protected under trademark,
trade name or slogan mark laws.

RELIABILITY The statements contained herein are for technical


and commercial information purposes only.
These statements do not constitute an offer, promise,

PROFESSIONALISM
warranty or guarantee of performance.
This document should not be used or relied
upon for any purpose other than that intended
by euroAtlantic Airways and Boeing.

KNOWLEDGE
ORGANIZATION euroAtlantic airways / Marketing Department 2015TODOS OS DIREITOS RESERVADOS

Follow us at

MOTION www.euroatlantic.pt
euroAtlantic airways Company Profile 2015 07

WELCOME TO
Editorial

EUROATLANTIC AIRWAYS
I
t is with great pleasure that I announce that our a platform that every year organizes the European Growth
company has received some compliments and Summit where businesses and entrepreneurs participate in
greetings sent from various countries in the world this category.
after the Department of Transportation of the This nomination leaves our company and its workers full of
United States (DOT), has formally approved, for the satisfaction, as it reflects a bet won where, even through we
first time in the American history of civil aviation, a crossed a battle war with the economic crisis, we looked
rental of a plane for a long-term contract - operated for new opportunities and investments... and emerge
by a foreign company. victorious.
This authorization - produced in record time with the U.S. We will continue to seek for new opportunities, new
government - is a pride for Portugal and for our aerospace partners, new investors and new businesses, always with the
industry, because for the first time a company outside the same motto, anytime, anywhere.
United States gets an authorization to sign such an important
contract. The image, reputation and financial strength of AND IN 2016
euroAtlantic brand have helped to open doors of the largest euroAtlantic airways will renew the interior of some of our
generator of passenger traffic and cargo in the world to a aircraft, with "state of the art seat models and in-seat
Portuguese company, requiring our immediate reviewing individual IFE, for both economic and business class. A major
budgets for next year. step in our client and passenger service, because we are
Because we are a private company that has no economic always thinking about your business an their comfort!
support, as we do not depend on anyone financially ,
because we promote employment, ensure stability and were Welcome to euroAtlantic airways world!
not swallowed in one of the worst phases of the worlds
economy that have caused closures and bankruptcies in
Europe and the rest of the world, euroAtlantic was
nominated for the prestigious award Europes 500 audited
by Dun & Bradstreet, in a universe of 167 million
independent companies. This is an initiative of Europes 500, Tomaz Metello | Chairman & CEO
08 euroAtlantic airways Company Profile 2015

FROM AIR MADEIRA TO euroAtlantic airways


euroAtlantic Airways was founded by Tomaz Metello - actual Chairman and
Shareholder and is also participated by the largest Portuguese leisure group,
Pestana Hotels & Resorts.

F
ounded as Air Zarco on the 12th of August 1993, the With seven B767-300ER in its fleet since 2003, one B767-300SF
company first adopted the trade name Air Madeira since 2010 only for cargo, a B777-200ER in 2009, a B737-800NG
until 17th May 2000, date when the memorandum in 2012 and a Cessna Citation since 2014 only for Private
of association was altered by deed, and the current Executive Flights, EAA is authorized to perform line
name of euroAtlantic airways - Transportes Areos maintenance services up to A Checks to third parties at Lisbon
S.A. was adopted. airport according the 8th category of Ramp Assistance Licence,
euroAtlantic airways is a Portuguese International Airline, rules 8.1 / 8.2 / 8.3 and 8.4.
operating in the most diverse routes in North Atlantic with air
transport license and FAOC to operate into the US and Canada, The approval PT.145.027 allow euroAtlantic airways to perform
Caribbean, Central and South Americas, Africa, Middle East, line maintenance on B737-800 (CFM56), B767-300 (PW4060
Pacific, Australia and Oceania. and CF6-80) and B777-200 (RB211-Trent 884) aircrafts. The
approval PT.MG.017 hold Subpart I privileges on B737NG, B767
euroAtlantic airways has a Portuguese air transport license AOC and B777 aircrafts.
number PT-01/99/72, and the FAOCs from USA with the
certificate number EY9F925F, the Australian with the number 1- Since November 2010 euroAtlantic airways is a IATA Member
13A4NU-01 (only for B767 CS-TRW), the Canadian with the with the call sign of YU, FAA (FAR129), EASA (EU OPS1) and
licence number 000178 order 2013-A-213 and the Mexican IOSA certified since August 2009.
with the number 4.1.205OPS-3041/11.
O.A.A.G.C. (Office dAssurances Aeriennes G. de Cugnac)
It provides charter services, wet-lease and Ad-Hoc flights Insurance Broker with Catlin France SAS as leading underwriter,
(passengers & cargo) from anywhere to several places in provided insurance cover for euroAtlantic airways operational
Europe and to the rest of the world. activity.

The parent organisation shareholders


41.75% Quanlux
20% Tomaz Julio Teixeira A G Metello
15% Grupo Pestana SGPS, S.A.
10% Danielle Chadrin Metello
5% Pestana Luxemburg
5% Own shares
3.2% Metello Investments, SARL
euroAtlantic airways Company Profile 2015 09

VISION VALUES
Safety Adopting a zero tolerance to unsafe practices and
To be the largest non schedule airline strive for zero accidents through proper training, work
in Portugal and serving other airlines practices, risk management and adherence to safety
regulations at all times.
with aircraft charter solutions for
travel operators and aviation support Valuing Our People Committing to our peoples development
and well-being and treating them with respect, dignity and
services. fairness.

Customer Focused We care and treat everyone in the same


MISSION manner that we want to be treated. We believe that
To be the best company to work for whereby employees euroAtlantics success is the direct reflection of our Clients
are treated as part of a big family. own success.
Create a globally recognized brand in the air transportation
market. Integrity Practicing highest standards of ethical behavior and
Maintain the highest quality product, embracing demonstrate honesty in all our flights in order to command
technology to reduce cost and enhance service level. trust and mutual respect.
To become the first choice for airlines around the world
needing additional operational capacity, while continually Excellence in Performance Setting goals beyond the best and
striving for efficiency, safety, high quality and the best reinforcing high quality performance standards and achieving
trained staff in the business. Excellence through implementing best practices.

In 2012 euroAtlantic airways received its first B737-800.This Boeing 737 Next Generation,
commonly abbreviated as Boeing 737NG, is the name given to the 600/700/800/900 series of the
model. This series followed the 737 Classic (300/400/500) series, which began production in the
1980s. They are short- to medium-range, narrow-body jet airliners produced since 1996.
10 euroAtlantic airways Company Profile 2015 A workplace free from discrimination on the grounds of colour, race,
nationality, sex, gender, marital status, disability or religious belief

Tomaz Metello

DOV
euroAtlantic airways Company Profile 2015 11

JOB
President and Vice-President 1+1

Commercial and Marketing & Corporate Image 7+1

Personnel, Legal, Development & Support 18

Public Relations 1

Finance Department 17

Ground Operations and Security Department

Safety Department
2+8

2
opportunities
euroAtlantic airways offers a great variety
Maintenance & Engineering Department 66 of careers, either working as cabin crew,
Quality Department 7 pilot or one of many other career
Flight Operations Ground Staff and Roasters 5+7
opportunities in an Airline Company such as
in a Commercial, Financial , Safety, Quality
Human Resourses Information / 30JUN2015

Dispatch 10
or Maintenance Departments - amongst
Training 1 others, all essential to ensure the successful
Loadmasters 2 and safe operation of an Airline Company
with euroAtlantic airways quality standards.
Total Ground Staff 153
Moreover, euroAtlantic is proud of its
Total Cockpit Crew 86 employment policy as it is an equal
Total Cabin Crew 175 opportunities employer.
Total 414
12 euroAtlantic airways Company Profile 2015

| brief history and chronology


The Boeing Company is an American multinational aerospace and defense 1968 -- The first 747 rolls out of the factory.
corporation, founded in 1916 by William E. Boeing in Seattle, Washington. 1969 -- The first 747, named "the City of Everett," makes its first flight.
Boeing has expanded over the years, merging with McDonnell Douglas in (This airplane today is on display at the Museum of Flight at Boeing Field
1997. Boeing Corporate headquarters has been in Chicago, Illinois since in Seattle.)
2001. The company is made up of multiple business units, which are 1971 -- At the nadir of the "Boeing Bust," during a nationwide aerospace
Boeing Commercial Airplanes; Boeing Defense, Space & Security; downturn, the company has reduced the Washington workforce from a
Engineering, Operations & Technology; Boeing Capital; and Boeing Shared peak of 100,800 employees in 1967 to 38,690. Later in the year, Boeing
Services Group. Is among the largest global aircraft manufacturers by employment begins to rise.
revenue, orders and deliveries, and the third largest aerospace and 1978 -- Launching the 767 program, United Airlines orders 30 of the new
defense contractor in the world based on defense-related revenue. twin-aisle airplanes. Expansion of the Everett site is under way from 1979
Boeing is the largest exporter by value in the United States. Its stock is a to 1980.
component of the Dow Jones Industrial Average. 1981 -- The first 767 rolls out of the factory, with first flight the following
month.
1917 -- Founder William Boeing incorporates Pacific Aero Products 1990 -- Boeing delivers two 747s for service as Air Force One. Boeing
Company, involved in plane making, mail delivery, and pilot training. launches the 777 program when United Airlines orders 34 planes.
1918 -- Company changes its name to Boeing Airplane Company. 1991 -- Boeing receives a construction permit for a 50 percent increase in
1929 -- United Aircraft and Transportation Company is formed as a holding the size of the Everett plant, primarily to support the 777 program.
company for Boeing-controlled airlines and makers of airplanes, engines, Construction is completed in 1993.
and propellers. 1994 -- The first 777 takes flight.
1934 -- Government investigation of airmail business leads to break-up of 2003 -- Boeing announces it plans to develop a new, advanced jetliner
United, with Seattle-based Boeing Airplane Company emerging with a sole dubbed the 7E7. Boeing is awarded a contract to build 100 767-derived
focus on manufacturing. aerial-refueling tankers for the U.S. Air Force. Boeing acknowledges there
1943 -- The Boeing Co. opens a shop in Everett at a former auto garage on were ethics violations during negotiations with the Pentagon for the
Pacific Avenue. Workers there build bulkheads and sections for B-17 tanker. CEO Phil Condit resigns a week later and the tanker deal is placed
bombers. on hold.
1956 -- Boeing moves 283 employees to facilities at the Everett-Pacific 2004 -- All Nippon Airways orders 50 7E7s.
Shipyard, where they will build jigs and shipment fixtures for B-52 2005 -- The 7E7 is renamed the 787 Dreamliner. With commercial demand
bombers and KC-135 tankers. Eventually, as many as 1,728 work there, evaporating and the tanker contract on ice, Boeing says it might halt 767
though employment dwindles by 1963. production. Boeing announces it will develop updated 747 passenger and
1966 -- The Boeing board of directors approves the 747 jumbo jet cargo jets, designated the 747-8.
program, which is launched the next month when Pan American World 2007 -- Boeing rolls out the first 787 during an extravagant ceremony. But
Airways announces a $525 million order for 25 747s. Boeing purchases 780 the airplane is nowhere near completion.
acres just northeast of Paine Field in Everett. The site of the 747 factory is 2009 -- Boeing announces it has selected Charleston, S.C., over Everett for
chosen over locations such as Monroe, Moses Lake and Cleveland. Paine a second 787 assembly line. The first 787 makes its inaugural flight.
Field had been an Army and Air Force base since World War II but was 2011 -- All Nippon Airways takes delivery of the first 787s. The Air Force
little-used by the military by the mid-1960s. declares Boeing's 767-based aerial-refueling tanker the "clear winner" in a
1967 -- The first workers, about 113 of them, arrive at the 2.5 million- third round of contract bidding. It will be called the KC-46.
square-foot plant at Paine Field, which isn't completed, to build the first
747. The factory officially opens on May 1.

euroAtlantic airways image until 2003


euroAtlantic airways Company Profile 2015 13

OUR FLEET
Business Economy
Manufacturer Model Phase-In In service Phase In Range
Seats Seats

1011 Tristar
Lockheed Storage 1997 CS-TEB / 9.600Km 56 197
500

Cessna Citation CJ3 - 1 2014 CS-DVH / 3.834Km 6+1 -

Boeing 737-800 - 1 2012 CS-TQU / 5.765Km 16 144

2003 CS-TFT / 11.306Km - 300


2004 CS-TLO / 11.306Km 16 234
2013 CS-TRN / 11.306Km - 273
Boeing 767-300ER 1 5
2015 CS-TKR / 11.306Km 10 238
2015 CS-TKS / 11.306Km - 266
2015 CS-TKT / 11.306Km - 302

Boeing 767-300SF - 1 2010 CS-TLZ / 11.306Km Cargo Only

Boeing 777-200ER - 1 2009 CS-TFM / 14.260Km 30 293

Total 11
14 euroAtlantic airways Company Profile 2015

Since THE BEGINNING


In 1997, with just one aircraft, euroAtlantic airways initiated its flights under the trade name of Air Madeira.
With a Lockheed 1011 Tristar 500 today in storage and out of service, our fleet is composed by one Boeing
777-200ER, seven Boeing 767-300ER, one 737-800 (Next Generation), one 767-300SF for cargo flights
and a CJ3 Citation only for executive flights in a total of 11 in service aircrafts.
15

Model with 4 exits doors


and 4 windows exits over the wings

Model with 8 exits doors


26 euroAtlantic airways Company Profile 2015

Build YOUR
BUSINESS
For PASSENGERS & CARGO
See all the authorized configurations for B737-800, B767-300ER
and B777-200ER for passengers and our B767-300SF for cargo flights.
Create your own configuration according to your business.
We are flexible, dynamical and WANT to attend
your wants and needs.

Only for CS-TQU


16C / 144Y

12C / 156Y

186Y

Only for CS-TFT


36C / 226Y

18C / 32W / 226Y

300Y
27
Only for CS-TKS
10C / 238Y

Only for CS-TKR


266Y

Only for CS-TRN


12C / 262Y

Only for CS-TLO


52P / 150W

22C / 185Y

22C / 192Y

52C / 164Y

28C / 213Y

266Y

Only for CS-TFM


360Y
28 euroAtlantic airways Company Profile 2015

Portugal-based lease and charter operator euroAtlantic airways is the launch customer for the B767-300 passenger-to-
freighter conversion program offered by M&B conversions, a joint venture of IAI Bedek and Mitsui.
Our company awarded a contract to M&B for the conversion of a single B767-300ER, which became the carriers first
freighter. The aircraft is msn 24086, a CF6-powered, 1989-build unit, formerly operated by Varig and before that by a
Canadian airline.

euroAtlantic airways made a strategic decision of goods and commodities. Increasing the scope for
establishing an air cargo industry within the 6900 km (3700 nm) it shows only a slight drop in
company, as Portugal is totally deficient in this capacity, 51000 kgs (51Ton) taking into account
type of equipment and this is a vector of that it is a direct flight. The indicators are very
development for the countrys economy. interesting, both for the export and import
After many studies and market research of the sector. euroAtlantic airways is the first company
performance of this airplane, the results were in the World to transform its Boeing 767-300
positive and profitable. The capabilities of the passenger aircraft into a cargo plane. For a better
B767-300 ER Cargo, for the sector of import and assessment of euroAtlantic airways equipment
export markets as Portugal, Angola, Brazil and the capabilities and as a simple example, it can
CPLP countries in general, are quite attractive. transport live animals, in one of Its twenty four
At a distance of 5800 km (3,100 nm) it can carry, pallets in the cabin, and it can also load one of
56000 kgs (56Ton) (125 thousand pounds) of the airplanes engine, ready to be replaced.
euroAtlantic airways Company Profile 2015 29

B767-375 ER SF MSN 24086


Engines GE CF6 80C2B6F

After conversion: Payload (Gross) Range


Max Taxi Weight 187 334 kgs 2800NM - 07:00 or 57 000 kgs - 5800 km
Max Takeoff Weight 186 880 kgs 3200NM - 08:00 or 50 000 kgs - 6900 km
Max Landing Weight 147 871 kgs
Max Zero Fuel Weight 140 160 kgs
Dry Operation Weight 83 234 kgs
Max Structural Payload 57 000 kgs
Max cargo Volume (24 pos) 16 000 ft (453 m)
Vol. Density (Max Payload) 7.8 lb/ft (124 Kg/m)
More configurations page 31
Or download our Cargo Profile 2015 in
http://www.euroatlantic.pt/downloads/cargo2015.pdf
for more technical information
euroAtlantic airways Company Profile 2015 31

CargoConfigurations

31
32 euroAtlantic airways Company Profile 2015

OUR CABIN
CHOOSE CONFORT

Premium / First Class


Your passengers may fly in a wider leather seat which reclines 140 degrees,
offer more legroom with 52pitch, plus amenities kits, improved and
exclusive meals including stainless steel cutlery, real glass drink ware and
increased luggage allowance. Direct access to the toilets without having to
circulate in other areas reserved for the remaining passengers. Also there
are closets that allow keeping clothes warm to use in perfect conditions on
the arrival.

Sky / Business Class


Your passengers may fly in a wider leather seat which reclines 140 degrees
and 180 degrees Lie Flat (B767 CS-TRW only), with legroom of 42 pitch
for all fleet and 50 pitch only for B777 CS-TFM, plus amenities kits,
improved meals including stainless steel cutlery, real glass drink ware and
increased luggage allowance.
In B777 CS-TFM passengers have in-seat personal video.
euroAtlantic airways Company Profile 2015 33

In B777 CS-TFM, and in B767 CS-TKR and CS-TKS passengers have in-seat personal video.

Blue / Confort Class


If you want extra legroom, a seat with at least 33 pitch or just
prefer to sit toward the front of the plane, see why so many of your
passengers think Economy Comfort is worth it.
In B777 CS-TFM, and in B767 CS-TKR and CS-TKS passengers have
in-seat personal video.

Orange / Economy Class


You can choose from 30 pitch up to 32 pitch.
In B777 CS-TFM, and in B767 CS-TKR and CS-TKS passengers have
in-seat personal video.

euroAtlantic airways aircraft have in-flight entertainment with 4 films (2 blockbusters + 2 Classics),
4 recent TV series and 8 music channels, from Classical, African mods, International Pop, Jazz,
Brazilian Vibe, Easy Listening, Smooth and Calm music up to Portuguese & Latin hits.
34 euroAtlantic airways Company Profile 2015 euroAtlantic airways CEO & President
Tomaz Metello with Raul Meireles
and Cristiano Ronaldo Inside EAA aircraft

euroAtlantic Airways has launched an


exclusive product: euroAtlantic Sport. Executive class with 52 seats, with a 52 inch
This product is mainly used for the transport of high distance between them. The athletes have direct
competition sports teams. access to the toilets without having to circulate in
It offers exceptional conditions, comfort and it takes other areas, reserved for the remaining passengers.
In this class there are closets that allow the athletes
advantage of a wider and broader cabin that also offers a and committee to travel in their track suits, keeping
more peaceful way of travelling short, medium and long- warm clothes and the official equipment to use only
haul flights. as they arrive in perfect conditions.
euroAtlantic Sport product provides the best way on
recovering from fatigue after a match, besides food and
beverage that are coordinated with the medical
department and nutritionists responsible for the team.

Premium Class 52 Seats Confort Class 150 Seats


Tourist class with 150 seats, with a 33 inch distance
between them.
euroAtlantic airways Company Profile 2015 35

OurServices
36 euroAtlantic airways Company Profile 2015

WET LEASE
ACMI (Aircraft / Crew / Maintenance / Insurance)
Through euroAtlantic's ACMI - Wet Leasing Services, our company (the
Lessor) will be responsible to provide the Clients (the Lessee) with an
aircraft ready to be used in accordance with the Customers' specific needs.
euroAtlantic will also be responsible for providing a required Crew, any
related Maintenance costs required to maintain the aircraft in tip-top
condition, as well as for the Aircrafts Insurance coverage (Hull). All other
costs such as fuel, passenger and/or cargo insurance coverage, passenger
and/or cargo Ground Handling costs (check-in, loading and off loading
costs), over-flight permits costs, catering costs, airport permit costs, crew
accommodation costs, etc, will be in charge of the Client (Lessee).

DAMP LEASE
Through euroAtlantic's ACMI - Wet Leasing Services, our company (the
Lessor) will be responsible to provide the Client (the Lessee) with an
aircraft ready to be used in accordance with the Customers' specific needs.

euroAtlantic will also be responsible for providing only the Cockpit Crew
along with a Purser - for security reasons, any related Maintenance costs
required to maintain the aircraft in tip-top condition, as well as for the
Aircrafts Insurance coverage (Hull). All other costs such as fuel, passenger
and/or cargo insurance coverage, passenger and/or cargo Ground
Handling costs (check-in, loading and off loading costs), over-flight permits
costs, catering costs, airport permit costs, crew accommodation costs, etc,
shall be the responsibility of the Client (Lessee).
euroAtlantic airways Company Profile 2015 37

DRY LEASE
When Customers do not require any support or crew services, needing
merely an aircraft for only long term lease (minimum 1-3 years), we may
look into the possibility of negotiating a Dry Lease Agreement.

With euroAtlantic's Dry Lease Agreement, clients will be responsible for


all costs other than costs related to any major checks and required
servicing that the aircraft needs, such as an engine overhaul, a landing
gear overhaul and/or a D-Check. All other costs such as routine
maintenance that the aircraft requires (this maintenance includes all
minor checks such as A, B and C Checks) and operating costs in addition
to required personnel costs, insurance, as well as any other measures to
keep the aircraft in tip-top condition shall be the responsibility of
Customer.
38 euroAtlantic airways Company Profile 2015

CHARTER FLIGHTS
With more than 20 years (made in 2013) of accumulated knowledge and
experience in the aircraft leasing industry have geared euroAtlantic
Airways into the privileged position to provide Clients with the most
reliable, on time, highest professional standards of service and cost-
efficient charter aircraft agreements in the aviation charter market
segment.

euroAtlantic's Charter Agreement provides the Customer with an aircraft


on a ready to flight basis covering all costs involved in performing the
flights, i.e. Aircraft, Crew, Maintenance, Insurance, fuel, passenger and/or
cargo Ground Handling (loading and off loading costs), over-flight permit
costs, airport permit costs, catering costs, costs of hotel accommodation
for the crew, and all other operating costs including liability insurance for
the aircraft.

Charter Series
Mundo Vip, Espirito Santo Viagens, Abreu, Terrabrasil, Halcon, Iberojet,
Soltour, ClubVacaciones, Thomas Cook Belgium, among others.

Since 1997 euroAtlantic has operated full charter contracts for First Choice,
MyTravel, Thomas Cook, Air 2000, Aviajet, etc.

Since 2001, euroAtlantic


airways has operated
specialized VIP flights on
behalf of one World Tour
Operator and performed
sucessfully 11 tours around
the globe.
In 2015, euroAtlantic airways
will perform another tour
around the world with the
same operator - TMR
euroAtlantic airways Company Profile 2015 39

AD-HOC FLIGHTS

AD-HOC WET LEASE


Since not all flights are done on a regular basis or can be planned for an
extended period of time, euroAtlantic's Air Leasing Services also gives
our Customers the possibility of Ad-Hoc Leasing.
With our Ad-Hoc Wet Lease, we are able to provide our clients with
aircrafts on an extremely short term lease for operations requiring
specifically the lease of an aircraft for a small number of flights, usually 2-
5 operations.
Although the costs of euroAtlantic's are higher for these types of leases
than are for longer termed contracts, euroAtlantic still strives to provide
the most competitive rates to help insure the operations success for our
clients.

AD-HOC CHARTER
With our Ad-Hoc Charter Service, we are able to provide our clients with
aircrafts on an extremely short term lease for operations requiring
specifically the lease of an aircraft for a small number of flights, usually 1-
2 operations.

Several companies
Vodafone, Oporto Futebol Club, Sport Lisboa e Benfica Portuguese
Soccer Team, UK Defense Ministry, Home Office UK MOD.

Various Government and Military contracts from 1997 to 2010 including:


The President and Prime-Minister of Portugal, United Nations, MOD (to
Kuwait, Iraq and Afghanistan), Home Office, US and Australian
Immigration Departments (deportees), and Portuguese, Spanish, English,
French and German Armies.
40 euroAtlantic airways Company Profile 2015

CARGO SERVICES
euroAtlantic Cargo can transport live animals, in one of Its twenty four
pallets in the cabin, and it can also load one of the airplanes engine,
ready to be replaced, and almost everything that you require. The
capabilities of the B767-300 ER Cargo, for the sector of import and export
markets as Portugal, Angola, Brazil and the CPLP countries in general, are
quite attractive.

MAINTENANCE
Our Maintenance has the requirements of EASA Part 145 "Approved
Maintenance Organization (AMO) and other regulations issued by the
National Aviation Authority (INAC - National Institute of Civil Aviation)
and the Agency European Aviation Safety Agency (EASA).
EuroAtlantic Airways is approved for Maintenance with the number
PT.145.027 EASA - Part 145 Maintenance Organization - approved by the
Portuguese authorities. The doctrine and procedures used are applicable
to all maintenance work performed on aircraft operated by EAA. The
same procedures are followed in the case of carrying out maintenance
work for other operators. These actions developed by our company seek
full compliance with legislation and national and international
regulations, as well as meeting the customers expectations, internal and
external, providing them with aircraft maintenance with high levels of
quality.

CONSULTING
With almost 20 years of experience in the industry, euroAtlantic's
Consulting Services are available to provide our Customers a wide range
of aviation support services.
Our expertise and hands-on knowledge of virtually every facet involved
within the airline industry places us in a privileged position to provide
customized solutions to fit our clients' needs.

DESIGN SERVICES
Beyond the Consulting Services we provide for external Customers,
euroAtlantic Airways is prepared to carry out all necessary types of
design, new brands and logos. We also can provide rebranding material,
Safety Cards, fashionable uniforms, cabin and livery design and
everything you can remember and require. With our know-how and
creativity, we compromise to offer the best corporate image... keeping in
mind the development of your business! We have performed in the past
all kind of corporative similar projects for other customers such as: TLA,
TACV, MedView, LAM, Biman Bangladesh Airlines, STP Airways and
others.
euroAtlantic airways Company Profile 2015 41

someCLIENTS
We believe that euroAtlantics success
is the reflection of our Clients own success
Tomaz Metello
42 euroAtlantic airways Company Profile 2015

Brokers

Cargo companys

SPECIALIST AIR CARGO MANAGEMENT COMPANY

Tour operators

airlines
euroAtlantic airways Company Profile 2015 43
44

When Clients Personalize our Aircrafts


Always thinking about your busineSs
euroAtlantic airways Company Profile 2015
45
46 euroAtlantic airways Company Profile 2015

FINANCIAL
Information
47

ALWAYS PROFITABLE
S
ince the first year that euroAtlantic airways showed positive results of more than 10, 12 and 13
million Euros in 2006, 2007 and 2008 respectively. In the last three years, from 2012 to 2014,
profits grew by 27%, 424% and 35% respectively.
Inspite of the international economic crisis of 2009, euroAtlantic airways managed to increase its
turnover about 92% in 2010. From 2009 to 2014 the turnover of the company doubled. In 2014 the total
business volume was of 87.932.904 Euros, an increase of approximately 12 million Euros over the
previous year, which represents an increase of 16%, thus surpassing the recorded figure achieved in 2007.
In the last two years the EBITDA margin reached rates of over 20% coming close to the 2007 rates once
again.
(Amounts expressed in Euros)

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Revenue 108.075.736,37 125.742.752,10 82.835.439,35 74.672.421,43 37.351.784,00 71.882.227,00 71.829.069,00 71.000.272,00 75.999.943,00 87.932.904,84

Net Profit 5.986.825 10.472.665,31 12.056.986,28 13.600.864,67 576.453,96 845.975,00 562.380,00 715.674,78 3.753.273,00 5.050.778,44

Depreciation 5.314.034,78 4.833.335,90 8.163.834,27 7.900.363,14 3.295.865,24 7.981.832,00 7.780.887,00 6.954.519,37 6.929.353,00 8.675.247,11

EBITDAR 21.838.382,26 25.791.372,53 30.208.306,28 23.621.679,43 10.999.048,53 17.891.075,43 16.787.691,35 16.215.142,51 23.430.010,62 28.144.226,38

EBITDA 11.497.070,60 17.195.082,69 22.639.256,93 14.810.483,49 2.430.390,02 10.926.144,65 11.278.829,78 8.728.829,70 15.303.027,54 18.474.581,09

EBIT 6.183.035,82 12.361.746,79 14.475.422,66 6.910.120,35 1.291.697,96 4.458.968,00 3.559.278,65 3.412.187,41 7.220.063,00 8.715.718,13

Margem
20,21% 20,51% 36,47% 31,63% 29,45% 24,89% 23,37% 22,84% 30,83% 32,01%
EBITDAR

Margem
10,64% 13,67% 27,33% 19,83% 6,51% 15,20% 15,70% 12,29% 20,14% 21,01%
EBITDA
48 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2014
(Amounts expressed in Euros)

2014 2013

Services revenues 75.668.577 67.280.573


Suppliers services (50.650.797) (45.422.559)
Staff costs (16.075.569) (13.882.036)
Loss on impairment of debts receivable (838.013) (231.206)
Loss on impairment on non depreciable asset (1.422.816) (1.398.141)
Other revenues 12.094.569 8.719.369
Other expenses (1.384.986) (916.584)

Profit before depreciation, finance and tax 17.390.966 14.149.416

Depreciation fixed assets (8.675.247) (6.929.353)

Operating profit 8.715.719 7.220.063

Finance income 172.445 218.450


Finance costs (1.746.827) (2.079.513)

Profit before tax 7.141.336 5.359.000

Income tax (2.090.559) (1.605.727)

Net profit 5.050.778 3.753.273


euroAtlantic airways Company Profile 2015 49

BALANCE SHEET
AT DECEMBER 31 OF 2014
(Amounts expressed in Euros)

2014 2013

ASSETS

Non-current assets 49.173.597 52.000.605

Tangible assets 43.855.148 47.579.304


Investments in associates equity accounting 4.584.357 3.993.496
Defered tax asset 734.092 427.805

Current assets 58.768.606 49.171.436

Inventories 1.053.866 813.147


Trade receivables 9.393.014 11.947.391
Current tax assets 1.370.133 1.196.642
Shareholders assets 3.109.120 2.465.061
Other receivable 13.389.752 10.335.858
Current deferred assets 7.740.066 8.506.083
Other current financial assets 0 0
Assets held for sale 250.000 1.842.574
Cash and cah equivalents 22.462.655 12.064.680

TOTAL ASSETS 107.942.203 101.172.041

SHAREHOLDERS EQUITY AND LIABILITIES

Total equity 17.480.581 12.594.027

Capital 4.990.000 4.990.000


Other equity 9.051.336 5.517.501
Retained earnings -1.611.533 -1.666.747
Net profit 5.050.778 3.753.273

Non-current liabilities 38.327.567 44.436.146

Non current provisions 0 25.000


Long-term financial liabilities 38.327.567 44.411.146

Current liabilities 52.134.055 44.141.868

Trade liabilities 10.432.122 8.624.847


Current tax liabilities 244.758 2.173.430
Shareholders liabilities 2.310.000 2.310.000
Short-term financial liabilities 11.234.626 5.951.918
Other current liabilities 23.573.248 19.953.951
Current deferred liabilities 4.339.301 5.127.722

TOTAL EQUITY AND LIABILITIES 107.942.203 101.172.041


50 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2013
(Amounts expressed in Euros)

2013 2012

Services revenues 67.280.573 60.825.572


Suppliers services (45.422.559) (47.247.508)
Staff costs (13.882.036) (12.439.469)
Loss on impairment of debts receivable (231.206) 154.434
Loss on impairment on non depreciable asset (1.398.141) -
Other revenues 8.719.369 10.020.226
Other expenses (916.584) (946.589)

Profit before depreciation, finance and tax 14.149.416 10.366.707

Depreciation fixed assets (6.929.353) (6.954.519)

Operating profit 7.220.063 3.412.188

Finance income 218.450 182.338


Finance costs (2.079.513) (2.564.550)

Profit before tax 5.359.000 1.029.976

Income tax (1.605.727) (314.301)

Net profit 3.753.273 715.675


euroAtlantic airways Company Profile 2015 51

BALANCE SHEET
AT DECEMBER 31 OF 2013
(Amounts expressed in Euros)

2013 2012

ASSETS

Non-current assets 52.000.605 56.756.443

Tangible assets 47.579.304 54.107.114


Investments in associates equity accounting 3.993.496 2.592.032
Defered tax asset 427.805 57.297

Current assets 49.171.436 47.528.049

Inventories 813.147 843.236


Trade receivables 11.947.391 17.495.001
Current tax assets 1.196.642 818.789
Shareholders assets 2.465.061 2.522.455
Other receivable 10.335.858 5.240.578
Current deferred assets 8.506.083 7.249.751
Other current financial assets 0 0
Assets held for sale 1.842.574 3.070.957
Cash and cah equivalents 12.064.680 10.287.282

TOTAL ASSETS 101.172.041 104.284.492

SHAREHOLDERS EQUITY AND LIABILITIES

Total equity 12.594.027 9.146.517

Capital 4.990.000 4.990.000


Other equity 5.517.501 5.107.589
Retained earnings -1.666.747 -1.666.747
Net profit 3.753.273 715.675

Non-current liabilities 44.436.146 50.354.519

Non current provisions 25.000 25.000


Long-term financial liabilities 44.411.146 50.329.519

Current liabilities 44.141.868 44.783.456

Trade liabilities 8.624.847 4.393.550


Current tax liabilities 2.173.430 1.211.932
Shareholders liabilities 2.310.000 6.600.000
Short-term financial liabilities 5.951.918 5.754.987
Other current liabilities 19.953.951 19.707.591
Current deferred liabilities 5.127.722 7.115.396

TOTAL EQUITY AND LIABILITIES 101.172.041 104.284.492


52 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2012
(Amounts expressed in Euros)

2012 2011

Services revenues 60.825.572 62.995.545


Suppliers services (47.247.508) (45.295.789)
Staff costs (12.439.469) (12.694.790)
Loss on impairment of debts receivable 154.434 (96.742)
Loss on impairment on non depreciable asset - -
Other revenues 10.020.226 8.873.524
Other expenses (946.589) (2.401.582)

Profit before depreciation, finance and tax 10.366.707 11.340.166

Depreciation fixed assets (6.954.519) (7.780.887)

Operating profit 3.412.188 3.559.279

Finance income 182.338 316.302


Finance costs (2.564.550) (3.025.811)

Profit before tax 1.029.976 849.770

Income tax (314.301) (287.390)

Net profit 715.675 562.380


euroAtlantic airways Company Profile 2015 53

BALANCE SHEET
AT DECEMBER 31 OF 2012
(Amounts expressed in Euros)

2012 2011

ASSETS

Non-current assets 56.756.443 61.670.833

Tangible assets 54.107.114 59.582.354


Investments in associates equity accounting 2.592.032 2.019.940
Defered tax asset 57.297 0

Current assets 47.528.049 45.935.313

Inventories 843.236 714.076


Trade receivables 17.495.001 13.775.823
Current tax assets 818.789 526.484
Shareholders assets 2.522.455 237.324
Other receivable 5.240.578 4.224.089
Current deferred assets 7.249.751 9.164.333
Other current financial assets 0 2.290.940
Assets held for sale 3.070.957 3.070.957
Cash and cah equivalents 10.287.282 11.931.287

TOTAL ASSETS 104.284.492 107.606.146

SHAREHOLDERS EQUITY AND LIABILITIES

Total equity 9.146.517 15.050.173

Capital 4.990.000 4.990.000


Other equity 5.107.589 11.857.105
Retained earnings -1.666.747 -2.359.312
Net profit 715.675 562.380

Non-current liabilities 50.354.519 56.207.725

Non current provisions 25.000 25.000


Long-term financial liabilities 50.329.519 56.182.725

Current liabilities 44.783.456 36.348.248

Trade liabilities 4.393.550 9.131.780


Current tax liabilities 1.211.932 979.469
Shareholders liabilities 6.600.000 0
Short-term financial liabilities 5.754.987 5.573.136
Other current liabilities 19.707.591 14.277.395
Current deferred liabilities 7.115.396 6.386.468

TOTAL EQUITY AND LIABILITIES 104.284.492 107.606.146


54 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2011
(Amounts expressed in Euros)

2011 2010

Services revenues 62.995.545 68.639.378


Suppliers services (45.295.789) (44.679.983)
Staff costs (12.694.790) (13.058.738)
Loss on impairment of debts receivable (96.742) (153.317)
Loss on impairment on non depreciable asset - -
Other revenues 8.873.524 3.242.849
Other expenses (2.401.582) (1.549.389)

Profit before depreciation, finance and tax 11.340.166 12.440.800

Depreciation fixed assets (7.780.887) (7.981.832)

Operating profit 3.559.279 4.458.968

Finance income 316.302 149.282


Finance costs (3.025.811) (3.414.762)

Profit before tax 849.770 1.193.488

Income tax (287.390) (347.513)

Net profit 562.380 845.975


euroAtlantic airways Company Profile 2015 55

BALANCE SHEET
AT DECEMBER 31 OF 2011
(Amounts expressed in Euros)

2011 2010

ASSETS

Non-current assets 61.670.833 66.939.390

Tangible assets 59.582.354 65.815.453


Investments in associates equity accounting 2.019.940 1.123.937

Current assets 45.935.313 46.040.499

Inventories 714.076 0
Trade receivables 13.775.823 11.196.775
Current tax assets 526.484 142.213
Shareholders assets 237.324 0
Other receivable 4.224.089 6.685.876
Current deferred assets 9.164.333 9.311.002
Other current financial assets 2.290.940 641.387
Assets held for sale 3.070.957 3.070.957
Cash and cah equivalents 11.931.287 14.992.288

TOTAL ASSETS 107.606.146 112.979.889

SHAREHOLDERS EQUITY AND LIABILITIES

Total equity 15.050.173 16.710.605

Capital 4.990.000 4.990.000


Other equity 11.857.105 12.710.321
Retained earnings -2.359.312 -1.835.692
Net profit 562.380 845.975

Non-current liabilities 56.207.725 61.573.968

Non current provisions 25.000 25.000


Long-term financial liabilities 56.182.725 61.548.968

Current liabilities 36.348.248 34.695.316

Trade liabilities 9.131.780 10.078.659


Current tax liabilities 979.469 808.947
Shareholders liabilities 0 2.610.322
Short-term financial liabilities 5.573.136 5.830.200
Other current liabilities 14.277.395 10.686.022
Current deferred liabilities 6.386.468 4.681.167

TOTAL EQUITY AND LIABILITIES 107.606.146 112.979.889


56 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2010
(Amounts expressed in Euros)

2010 2009

Services revenues 68.639.378 36.173.539


Suppliers services (44.679.983) (24.234.923)
Staff costs (13.058.738) (10.181.250)
Loss on impairment of debts receivable (153.317) 457.203
Loss on impairment on non depreciable asset - 1.114.695
Other revenues 3.242.849 5.594.806
Other expenses (1.549.389) (4.336.508)

Profit before depreciation, finance and tax 12.440.800 4.587.563

Depreciation fixed assets (7.981.832) (3.295.865)

Operating profit 4.458.968 1.291.698

Finance income 149.282 548.237


Finance costs (3.414.762) (1.349.725)

Profit before tax 1.193.488 490.210

Income tax (347.513) 86.244

Net profit 845.975 576.45


euroAtlantic airways Company Profile 2015 57

BALANCE SHEET
AT DECEMBER 31 OF 2010
(Amounts expressed in Euros)

2010 2009

ASSETS

Non-current assets 66.939.390 69.522.500

Tangible assets 65.815.453 68.140.998


Investments in associates equity accounting 1.123.937 1.381.501

Current assets 46.040.499 44.659.389

Trade receivables 11.196.775 15.483.658


Current tax assets 142.213 858.101
Other receivable 6.685.876 6.428.327
Current deferred assets 9.311.002 7.838.732
Other current financial assets 641.387 568.608
Assets held for sale 3.070.957 -
Cash and cah equivalents 14.992.288 13.481.962

TOTAL ASSETS 112.979.889 114.181.888

SHAREHOLDERS EQUITY AND LIABILITIES

Total equity 16.710.605 20.060.749

Capital 4.990.000 4.990.000


Other equity 12.710.321 15.651.560
Retained earnings -1.835.692 -1.157.265
Net profit 845.975 576.454

Non-current liabilities 61.573.968 61.397.345

Non current provisions 25.000 25.000


Long-term financial liabilities 61.548.968 61.372.345

Current liabilities 34.695.316 32.723.794

Trade liabilities 10.078.659 9.969.307


Current tax liabilities 808.947 7.621.419
Shareholders liabilities 2.610.322 2.846.046
Short-term financial liabilities 5.830.200 2.969.703
Other current liabilities 10.686.022 9.173.318
Current deferred liabilities 4.681.167 144.001

TOTAL EQUITY AND LIABILITIES 112.979.889 114.181.888


58 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2009
(Amounts expressed in Euros)

2009 2008

EXPENSES

Costs of inventories sold or used in production


External services and supplies 24.234.922,55 48.617.496,57

Payroll expenses:
Salaries and wages 7.257.912,25
Employee benefits 2.923.337,79 10.181.250,04 11.169.435,00

Depreciation of fixed assets 3.295.865,24


Adjustments 0,00 3.295.865,24 7.900.363,14
Taxes 23.314,61
Others operating costs 24.704,07 48.018,68 75.006,37
(A) 37.760.056,51 67.762.301,08
Losses in subsidiary and affiliated companies
Interest and similar expenses 3.983.229,18 3.983.229,18 7.061.636,21
(C) 41.743.285,69 74.823.937,29
Extraordinary expenses 1.654.984,52 1.654.984,52 492.884,99
(E) 43.398.270,21 75.316.822,28
Income tax -86.243,69 -86.243,69 3.205.033,78

(G) 43.312.026,52 78.521.856,06


Net profit for the year 576.453,96 13.600.864,67
43.888.480,48 92.122.720,73
INCOME

Sales and services rendered 37.351.784,01 74.672.421,43


Variation in production
Own work capitalized
Operating subsidies
Other operating income
(B) 37.351.784,01 74.672.421,43
Gains in subsidiary and affiliated companies
Income from trading securities
and other financial investments
Other interest and similar income 3.713.669,24 3.713.669,24 8.979.285,93
(D) 41.065.453,25 83.651.707,36
Extraordinary income 2.823.027,23 8.471.013,37
(F) 43.888.480,48 92.122.720,73
Operating results: (B)-(A) -408.272,50 6.910.120,35
Financial results: (D-B)-(C-A) -269.559,94 1.917.649,72
Current results: (D)-(C) -677.832,44 8.827.770,07
Income before tax: (F)-(E) 490.210,27 16.805.898,45
Net profit for the year: (F)-(G) 576.453,96 13.600.864,67
euroAtlantic airways Company Profile 2015 59

BALANCE SHEET
AT DECEMBER 31 OF 2009
(Amounts expressed in Euros)

2009 2008
ASSETS AB AA AL AL

Fixed Assets
Intangible assets
Tangible fixed assets 97.548.477,20 29.407.478,76 68.140.998,44 32.779.092,85
Financial investments 1.518.397,77 136.896,68 1.381.501,09 2.115.095,90
99.066.874,97 29.544.375,44 69.522.499,53 34.894.188,75
Current Assets
Inventories
Short term debt:
Accounts receivable from customers 23.372.832,69 7.889.174,39 15.483.658,30 12.934.430,07
Subsidiary companies
Advances to suppliers
State and other public entities 858.101,40 858.101,40 777.279,39
Other debtors 4.616.438,20 4.616.438,20 4.879.437,61
28.847.372,29 7.889.174,39 20.958.197,90 18.591.147,07

Trading securities 191.260,08 191.260,08 470.983,49


Bank deposits and cash 13.290.702,15 13.290.702,15 28.354.384,31
13.481.962,23 13.481.962,23 28.825.367,80

Unbilled revenues and deferred costs 10.219.228,47 10.219.228,47 7.037.936,13

TOTAL ASSETS 151.615.437,96 37.433.549,83 114.181.888,13 89.348.639,75

2009 2008

EQUITY AND LIABILITIES

Equity 4.990.000,00 4.990.000,00


Capital
Treasury stock premium -3.500.000,00 -3.500.000,00
Exchange adjust from financial investments -1.452.073,70 -1.503.962,80
Not attributed dividends
Other reserves 16.105.633,86 5.042.159,73
Legal reserves 998.000,00 998.000,00
Retained earnings -1.157.265,28 4.612.609,46
19.484.294,88 10.638.806,39

Net Profit for the year 576.453,96 13.600.864,67

576.453,96 13.600.864,67

TOTAL EQUITY 20.060.748,84 24.239.671,06

LIABILITIES
Provisions for other risks and costs 25.000,00 25.000,00
Short term liabilities
Accounts payable to suppliers 74.311.354,72 42.267.187,42
Other loans obtained
Amounts owed by controlling company 2.846.046,48 2.021.052,00
State and other public entities 7.621.418,73 1.759.147,55
Other creditors 3.483.739,34 2.061.449,24
Bank loans 1.740.072,79
88.287.559,27 49.873.909,00
Accrued costs and deferred income 5.833.580,02 15.235.059,69
TOTAL LIABILITIES 94.121.139,29 65.108.968,69

TOTAL EQUITY AND LIABILITIES 114.181.888,13 89.348.639,75


60 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2008
(Amounts expressed in Euros)

2008 2007

EXPENSES

Costs of inventories sold or used in production


External services and supplies 48.617.496,57 50.899.459,04

Payroll expenses:
Salaries and wages 7.283.260,04
Employee benefits 3.886.174,96 11.169.435,00 9.117.512,99

Depreciation of fixed assets 6.555.149,85


Adjustments 1.345.213,29 7.900.363,14 8.163.834,27
Taxes 55.929,02
Others operating costs 19.077,35 75.006,37 179.210,39
(A) 67.762.301,08 68.360.016,69
Losses in subsidiary and affiliated companies
Interest and similar expenses 7.061.636,21 7.061.636,21 4.948.602,41
(C) 74.823.937,29 73.308.619,10
Extraordinary expenses 492.884,99 492.884,99 1.590.033,91
(E) 75.316.822,28 74.898.653,01
Income tax 3.205.033,78 3.205.033,78 3.950.396,95

(G) 78.521.856,67 78.849.049,96


Net profit for the year 13.600.864,67 12.056.986,28
92.122.720,73 90.906.036,24
INCOME

Sales and services rendered 74.672.421,43 82.835.439,35


Variation in production
Own work capitalized
Operating subsidies
Other operating income
(B) 74.672.421,43 82.835.439,35
Gains in subsidiary and affiliated companies 2.058,41
Income from trading securities
and other financial investments
Other interest and similar income 8.977.227,52 8.979.285,93 4.527.662,09
(D) 83.651.707,36 87.363.101,44
Extraordinary income 8.471.013,37 8.471.013,37 3.542.934,80
(F) 92.122.720,73 90.906.036,24
Operating results: (B)-(A) 6.910.120,35 14.475.422,66
Financial results: (D-B)-(C-A) 1.917.649,72 -420.940,32
Current results: (D)-(C) 8.827.770,07 14.054.482,34
Income before tax: (F)-(E) 16.805.898,45 16.007.383,23
Net profit for the year: (F)-(G) 13.600.864,67 12.056.986,28
euroAtlantic airways Company Profile 2015 61

BALANCE SHEET
AT DECEMBER 31 OF 2008
(Amounts expressed in Euros)

2008 2007
ASSETS AB AA AL AL

Fixed Assets
Intangible assets
Tangible fixed assets 64.102399,01 31.323.306,16 32.779.092,85 36.469.532,01
Financial investments 3.366.688,03 1.251.592,13 2.115.095,90 2.892.421,97
67.469.087,04 32.574.898,29 34.894.188,75 39.361.953,98
Current Assets
Inventories
Short term debt:
Accounts receivable from customers 21.280.807,23 8.346.377,16 12.934.430,07 11.650.073,92
Subsidiary companies
Advances to suppliers
State and other public entities 777.279,39 777.279,39 376.302,98
Other debtors 4.879.437,61 4.879.437,61 5.365.293,92
26.937.524,23 8.346.377,16 18.591.147,07 17.391.670,82

Trading securities 470.983,49 470.983,49 1.506.830,09


Bank deposits and cash 28.354.384,31 28.354.384,31 35.943.116,12
28.825.367,80 28.825.367,80 37.449.946,21

Unbilled revenues and deferred costs 7.037.936,13 7.037.936,13 7.939.658,08

TOTAL ASSETS 130.269.915,20 40.921.275.45 89.348.639,75 102.143.229,09

2008 2007

EQUITY AND LIABILITIES

Equity 4.990.000,00 4.990.000,00


Capital
Treasury stock premium -3.500.000,00 -3.500.000,00
Exchange adjust from financial investments -1.503.962,80 -227.651,42
Not attributed dividends
Other reserves 5.042.159,73 4.869.573,18
Legal reserves 998.000,00 912.217,85
Retained earnings 4.612.609,46 4.131.991,88
10.638.806,39 11.358.131,49

Net Profit for the year 13.600.864,67 12.056.986,28

13.600.864,67 12.056.986,28

TOTAL EQUITY 24.239.671,06 23.415.177,77

LIABILITIES
Provisions for other risks and costs 25.000,00 457.689,24
Short term liabilities
Accounts payable to suppliers 42.267.187,42 49.485.544,87
Other loans obtained
Amounts owed by controlling company 2.021.052,00
State and other public entities 1.759.147,55 2.068.380,83
Other creditors 2.061.449,24 561.672,74
Bank loans 1.740.072,79 125.244,36
49.873.909,00 52.698.532,04
Accrued costs and deferred income 15.235.059,69 26.029.579,28
TOTAL LIABILITIES 65.108.968,69 78.728.111,32

TOTAL EQUITY AND LIABILITIES 89.348.639,75 102.143.229,09


62 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2007
(Amounts expressed in Euros)

2007 2006

EXPENSES

Costs of inventories sold or used in production


External services and supplies 50.899.459,04 102.037.653,20

Payroll expenses:
Salaries and wages 6.110.886,08
Employee benefits 3.006.626,91 9.117.512,99 6.354.721,74

Depreciation of fixed assets 7.296.614,19


Adjustments 867.220,08 8.163.834,27 4.833.335,90
Taxes 170.115,47
Others operating costs 9.094,92 179.210,39 155.294,47
(A) 68.360.016,69 113.381.005,31
Losses in subsidiary and affiliated companies
Interest and similar expenses 4.948.602,41 4.948.602,41 2.041.608,24
(C) 73.308.619,10 115.422.613,55
Extraordinary expenses 1.590.396,95 1.590.033,91 81.001,83
(E) 74.898.653,01 115.503.615,55
Income tax 3.950.396,95 3.950.396,95 2.990.734,04

(G) 78.849.049,96 118.494.349,42


Net profit for the year 12.056.986,28 10.472.665,31
90.906.036,24 128.967.014,31
INCOME

Sales and services rendered 82.835.439,35 125.742.752,10


Variation in production
Own work capitalized
Operating subsidies
Other operating income
(B) 82.835.439,35 125.742.752,10
Gains in subsidiary and affiliated companies
Income from trading securities
and other financial investments
Other interest and similar income 4.527.662,09 4.527.662,09 1.772.596,88
(D) 87.363.101,44 127.515.348,98
Extraordinary income 3.542.934,80 3.542.934,80 1.451.665,75
(F) 90.906.036,24 128.967.014,73
Operating results: (B)-(A) 14.475.422,66 12.361.746,79
Financial results: (D-B)-(C-A) -420.940,32 -269.011,36
Current results: (D)-(C) 14.054.482,34 12.092.735,43
Income before tax: (F)-(E) 16.007.383,23 13.463.399,35
Net profit for the year: (F)-(G) 12.056.986,28 10.472.665,31
euroAtlantic airways Company Profile 2015 63

BALANCE SHEET
AT DECEMBER 31 OF 2007
(Amounts expressed in Euros)

2007 2006
ASSETS AB AA AL AL

Fixed Assets
Intangible assets
Tangible fixed assets 61.255.188,32 24.785.656,31 36.469.532,01 40.305.308,22
Financial investments 2.892.421,97 2.892.421,97 2.216.441,89
64.147.610,29 24.785.656,31 39.361.953,98 42.521.750,11
Current Assets
Inventories
Short term debt:
Accounts receivable from customers 18.827.112,91 7.177.038,99 11.650.073,92 17.211.786,11
Subsidiary companies
Advances to suppliers
State and other public entities 376.302,98 376.302,98 89.313,14
Other debtors 5.365.293,92 5.365.293,92 68.400,23
24.568.709,81 7.177.038,99 17.391.670,82 5.861.234,34

Trading securities 1.506.830,09 1.506.830,09 2.329.771,24


Bank deposits and cash 35.943.116,12 35.943.116,12 23.488.620,07
37.449.946,21 37.449.946,21 25.818.391,31

Unbilled revenues and deferred costs 7.939.658,08 4.127.006,52

TOTAL ASSETS 134.105.924,39 31.962.695,30 102.143.229,09 95.697.881,76

2007 2006

EQUITY AND LIABILITIES

Equity 4.990.000,00 4.990.000,00


Capital
Treasury stock premium -3.500.000,00 -3.500.000,00
Exchange adjust from financial investments -227.651,42 -227.651,42
Not attributed dividends
Other reserves 4.869.573,18 3.554.009,17
Legal reserves 912.217,85 388.584,56
Retained earnings 4.131.991,88 2.000.181,99
11.358.131,49 7.205.124,30

Net Profit for the year 12.056.986,28 10.472.665,31

12.056.986,28 10.472.665,31

TOTAL EQUITY 23.415.177,77 17.677.789,61

LIABILITIES
Provisions for other risks and costs 457.689,24 457.689,24
Short term liabilities
Accounts payable to suppliers 49.485.544,87 26.266.861,81
Other loans obtained
Amounts owed by controlling company 383.451,45
State and other public entities 2.068.380,83 2.770.442,97
Other creditors 561.672,74 1.240.638,62
Bank loans 125.244,36 21.518.245,42
52.698.532,04 52.637.329,51
Accrued costs and deferred income 26.029.579,28 25.382.762,64
TOTAL LIABILITIES 78.728.111,32 78.020.092,15

TOTAL EQUITY AND LIABILITIES 102.143.229,09 95.697.881,76


64 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2006
(Amounts expressed in Euros)

2006 2005

EXPENSES

Costs of inventories sold or used in production


External services and supplies 102.037.653,20 90.955.541,42

Payroll expenses:
Salaries and wages 3.802.260,68
Employee benefits 2.552.461,06 6.354.721,74 5.554.349,17

Depreciation of fixed assets 4.413.270,25


Adjustments 420.065,65 4.833.335,90 5.314.034,78
Taxes 64.719,59
Others operating costs 90.574,88 155.294,47 68.775,17
(A) 113.381.005,31 101.892.700,55
Losses in subsidiary and affiliated companies 0,00
Interest and similar expenses 2.041.608,24 2.041.608,24 3.108.439,24
(C) 115.422.613,55 105.001.139.79
Extraordinary expenses 81.001,83 213.605,76
(E) 115.503.615,55 105.214.745,55
Income tax 2.990.734,04 1.576.758,76

(G) 118.494.349,42 106.791.504,31


Net profit for the year 10.472.665,31 5.986.825,02
128.967.014,31 112.778.329,33
INCOME

Sales and services rendered 125.742.752,10 108.075.736,37


Variation in production
Own work capitalized
Operating subsidies
Other operating income
(B) 125.742.752,10 108.075.736,37
Gains in subsidiary and affiliated companies 0,00 168.916,97
Income from trading securities
and other financial investments
Other interest and similar income 1.772.596,88 1.772.596,88 3.724.950,96
(D) 127.515.348,98 111.969.604,30
Extraordinary income 1.451.665,75 1.451.665,75 808.725,03
(F) 128.967.014,73 112.778.329,33
Operating results: (B)-(A) 12.361.746,79 6.183.035,82
Financial results: (D-B)-(C-A) -269.011,36 785.428,69
Current results: (D)-(C) 12.092.735,43 6.968.464,51
Income before tax: (F)-(E) 13.463.399,35 7.563.583,78
Net profit for the year: (F)-(G) 10.472.665,31 5.986.825,02
euroAtlantic airways Company Profile 2015 65

BALANCE SHEET
AT DECEMBER 31 OF 2006
(Amounts expressed in Euros)

2006 2005
ASSETS AB AA AL AL

Fixed Assets
Intangible assets 986.310,75 986.310,75 0,00 0,00
Tangible fixed assets 58.374.293,29 18.068.985,07 40.305.308,22 4.788.165,24
Financial investments 2.216.441,89 0,00 2.216.441,89 1.790.996,09
61.557.045,93 19.055.295,82 42.521.750,11 6.579.161,33
Current Assets
Inventories
Short term debt:
Accounts receivable from customers 23.521.605,02 6.309.818,91 17.211.786,11 19.767.633,19
Subsidiary companies
Advances to suppliers 89.313,14 89.313,14 116.926,08
State and other public entities 68.400,23 68.400,23 171.096,18
Other debtors 5.861.234,34 5.861.234,34 2.575.276,85
29.540.552,73 6.309.818,91 23.230.733,82 22.630.932,30

Trading securities 2.329.771,24 2.329.771,24 2.500.795,72


Bank deposits and cash 23.818.391,31 23.488.620,07 16.375.883,10
25.818.391,31 25.818.391,31 18.876.678,82

Unbilled revenues and deferred costs 4.127.006,52

TOTAL ASSETS 121.062.996,49 25.365.114,73 95.697.881,76 54.381.087,93

2006 2005

EQUITY AND LIABILITIES

Equity 4.990.000,00 4.990.000,00


Capital
Treasury stock premium -3.500.000,00 -2.383.500,00
Exchange adjust from financial investments -227.651,42 -203.900,42
Not attributed dividends 0,00 0,00
Other reserves 3.554.009,17 3.195.812,03
Legal reserves 388.584,56 89.243,31
Retained earnings 2.000.181,99 -329.104,64
7.205.124,30 5.358.550,28

Net Profit for the year 10.472.665,31 5.986.825,02

10.472.665,31 5.986.825,02

TOTAL EQUITY 17.677.789,61 11.345.375,30

LIABILITIES
Provisions for other risks and costs 457.689,24 457.689,24
Short term liabilities
Accounts payable to suppliers 26.266.861,81 15.543.241,99
Other loans obtained 0,00 0,00
Amounts owed by controlling company 383.451,45 4.457,45
State and other public entities 2.770.442,97 2.326.560,69
Other creditors 1.240.638,62 385.786,39
Bank loans 21.518.245,42 1.995.183,67
52.637.329,51 20.712.919,43
Accrued costs and deferred income 25.382.762,64 22.322.793,20
TOTAL LIABILITIES 78.020.092,15 43.035.712,63

TOTAL EQUITY AND LIABILITIES 95.697.881,76 54.381.087,93


66 euroAtlantic airways Company Profile 2015

STATEMENTS OF PROFITS AND LOSS


AT DECEMBER 31 OF 2005
(Amounts expressed in Euros)

2005 2004

EXPENSES

Costs of inventories sold or used in production


External services and supplies 90.955.541,42 79.659.804,65

Payroll expenses:
Salaries and wages 3.100.020,32
Employee benefits 2.454.328,85 5.554.349,17 4.603.313,93

Depreciation of fixed assets 1.756.872,54


Adjustments 3.557.162,24 5.314.034,78 2.257.113,21
Taxes 32.912,41
Others operating costs 35.862,76 68.775,17 298.634,11
(A) 101.892.700,55 86.818.865,90
Losses in subsidiary and affiliated companies
Interest and similar expenses 3.108.439,24 4.310.491,39
(C) 105.001.139.79 91.129.357,29
Extraordinary expenses 213.605,76 213.605,76 365.102,32
(E) 105.214.745,55 91.897.665,20
Income tax 1.576.758,76 1.576.758,76 403.205,59

(G) 106.791.504,31 91.897.665,20


Net profit for the year 5.986.825,02 1.293.781,57
112.778.329,33 93.191.446,77
INCOME

Sales and services rendered 108.075.736,37 91.120.713,96


Variation in production
Own work capitalized
Operating subsidies
Other operating income
(B) 108.075.736,37 91.120.713,96
Gains in subsidiary and affiliated companies 168.916,97
Income from trading securities
and other financial investments
Other interest and similar income 3.724.950,96 3.893.867,93 1.622.994,17
(D) 111.969.604,30 92.743.708,13
Extraordinary income 808.725,03 808.725,03 447.738,64
(F) 112.778.329,33 93.191.446,77
Operating results: (B)-(A) 6.183.035,82 4.301.848,06
Financial results: (D-B)-(C-A) 785.428,69 -2.687.497,22
Current results: (D)-(C) 6.968.464,51 1.614.350,84
Income before tax: (F)-(E) 7.563.583,78 1.696.987,16
Net profit for the year: (F)-(G) 5.986.825,02 1.293.781,57
euroAtlantic airways Company Profile 2015 67

BALANCE SHEET
AT DECEMBER 31 OF 2005
(Amounts expressed in Euros)

2005 2004
ASSETS AB AA AL AL

Fixed Assets
Intangible assets 986.310,75 986.310,75 27.343,93
Tangible fixed assets 18.443.880,06 13.655.714,82 4.788.165,24 4.364.505,68
Financial investments 1.790.996,09 1.790.996,09 1.150.227,68
21.221.186,90 14.642.025,57 6.579.161,33 5.542.127,29
Current Assets
Inventories
Short term debt:
Accounts receivable from customers 25.657.386,45 5.889.753,26 19.767.633,19 19.691.273,72
Subsidiary companies
Advances to suppliers 116.926,08 116.926,08 476.251.65
State and other public entities 171.096,18 171.096,18 166.981,15
Other debtors 2.575.276,85 2.575.276,85 2.303.373,89
28.520.685,56 5.889.753,26 22.630.932,30 22.637.880,41

Trading securities 2.500.795,72 2.500.795,72 1.431.246,03


Bank deposits and cash 16.375.883,10 16.375.883,10 15.287.276,26
18.876.678,82 18.876.678,82 16.718.522,29

Unbilled revenues and deferred costs 6.294.315,48 6.294.315,48 5.286.947,75

TOTAL ASSETS 74.912.866,76 20.531.778,83 54.381.087,93 50.185.477,74

2005 2004

EQUITY AND LIABILITIES

Equity 4.990.000,00 4.990.000,00


Capital
Treasury stock premium -2.383.500,00 -1.382.500,00
Exchange adjust from financial investments -203.900,42 -62.147,75
Not attributed dividends
Other reserves 3.195.812,03 2.837,614,90
Legal reserves 89.243,31 24.554,23
Retained earnings -329.104,64
5.358.550,28 6.407.521,38

Net Profit for the year 5.986.825,02 1.293.781,57

5.986.825,02 1.293.781,57

TOTAL EQUITY 11.345.375,30 7.701.302,95

LIABILITIES
Provisions for other risks and costs 457.689,24 21.381,98
Short term liabilities
Accounts payable to suppliers 15.543.241,99 5.244.964,41
Other loans obtained
Amounts owed by controlling company 4.457,45 153.313,91
State and other public entities 2.326.560,69 569.992,72
Other creditors 385.786,39 2.259.556,52
Bank loans 1.995.183,67 4.682.371,94
20.712.919,43 12.931.581,48
Accrued costs and deferred income 22.322.793,20 29.552.593,31
TOTAL LIABILITIES 43.035.712,63 42.484.174,79

TOTAL EQUITY AND LIABILITIES 54.381.087,93 50.185.477,74


68 euroAtlantic airways Company Profile 2015

Subsidiary ENTERPRISES
In addition to euroAtlantic airways, the group owns the following brands:

Company Name Location Activity Main Subsidiary % euroAtlantic

C.I.T.G., SGPS Portugal Holding Co Sonhando 95%

STP Airways So Tom e Prnicpe Airline - 37%

Vista Sol Inc. Canad Tour Operator - 49%

* PAYMENT OPTIONS | All prices are listed in Euros. Several foreign currencies accepted, as well as Eurocheques and the following credit cards - within on the on board agreed limits: VISA, AMERICAN EXPRESS, MASTER CARD, DINERS CLUB E JCB
until 250. This limit may be exceeded only in purchases whose unit value is higher than the established limit. Limits can be changed during the validity period of the catalogue inside the euroAtlantic magazine.
According to Portuguese banking restrictions, only Euros coins are accepted. Personal cheques and debit cards are not accepted. For more information please contact the commercial department.
euroAtlantic airways Company Profile 2015 69

COSTUMER
Feedback
BRITISH AIRWAYS
We are very grateful for the support of all
the wet lease operators over the weekend.
It is commendable that we maintained a
safe operation and the preparation in
regards to ensuring that the complex BLUE LINE
activity of multiple operators within the Again, Thank you so much to all your
BA operation WAS VERY WELL HANDLED. team for the nice cooperation during the
Miami Flights.

LOT / POLISH AIRLINES


I kindly thanks you for your team AIR SENEGAL
members co-operation for last few Thank you very much to you all EAA for
months your efficient cooperation. Hoping to
develop more business in the future.

SMART AVIATION LTD


We greatly appreciate all your effort in CONDOR
these difficult flights. Everything went very On behalf of Condor I would like to thank
well in the end. Thank you so much. you for the efforts which led to a
successful outcome.

MEDVIEW
On behalf of the OPS Dept, the BRUSSELS AIRLINES
Management of MEV, we would like to We would like to give our compliments to
thanks the entire EAA Dispacth / Rosters all euroAtlantic airways crew, they tried to
and Commercial Depts in making the make our pax as confortable on board
Umrah 2010 a safe and successful their A/C and there was a super co-
operation. operation with us.
EUROPE
70 euroAtlantic airways Company Profile 2015 ALBANIA Tirana | AUSTRIA Graz | Salzburg | Klagenfurt | Wien (Vienna) | BELGIUM Brussels
(Bruxelles) | Ostend | Liege | Ghent/Gent/Gand | BOSNIA AND HERZEGOVINA Tuzla | Sarajevo |
BULGARIA Burgas (Bourgas) | Ruse| Sofia | Varna| CROATIA Dubrovnik | Split | Zagreb | CYPRUS
Akrotiri | Larnaca | Paphos | CZECH REPUBLIC Brno | Praha (Prague) | DENMARK Billund | Aarhus |
Kangerlussuaq Stromfjord (Greenland) | Copenhagen | ESTONIA Tallinn | FILAND Helsinki | FRANCE
Ajaccio | Bordeaux | Brest | Clermont-Ferrand | Chateauroux | Dijon | Deauville | Etain |
Metz/Nancy | Nimes | Paris | Lourdes/Tarbes | Biarritz | Lille | Lyon | Lyon | Mulhouse |
Montpellier | Marseille | Nice | Nantes | Chalons | Perpignan | Poitiers | Pau Pyrenees | Istres |
Reims | Rennes | Strasbourg | Toulon/Hyeres | Toulouse | GERMANY Koeln Bonn| Dresden |
Dusseldorf | Erfurt | Muenster, Osnabrueck | Frankfurt | Hannover | Hamburg | Leipzig |
Muenchen (Munich) | Nuernberg | Paderborn | Rostock | Dortmund | Stuttgart | Berlin | Kassel |
Bremen | GREECE Athens (Athinai) | Kerkira | Chania | Kefalonia (Kefallinia) | Heraklion | Mikonos |
Kos | Mytilene (Mitilini) | Preveza/Lefkas | Rhodos (Rhodes) | Thessaloniki (Saloniki) | Samos |
NORTH AMERICA Zakynthos | HUNGARY Budapest | Debrecen | ICELAND Reykjavik | Siglufjordur | IRELAND Dublin |
BAHAMAS, The New Bight | CANADA Halifax | Montreal | Country Kerry | Knock/Connaught | Cork | Shannon | Bunbeg | ITALY Alghero | Ancona | Bergamo |
Gander | Quebec | Montreal | Calgary | St. John's | Bologna | Bari | Cagliari | Roma (Rome) | Crotone | Catania | Forli | Milano (Milan) | Lampedusa |
Toronto | UNITED STATES OF AMERICA Anchorage |
Atlanta | Bangor | Boston | Baltimore | Cleveland |
Washington | Newark | Greer | Hibbing | Las Vegas |
Houston | New York | Los Angeles | Newburg |
Manchester | Atlanta | Las Vegas | Seatle | Miami |
Chicago | West Palm Beach | Providence |
Orlando/Sanford | Tampa | Fort Lauderdale | Oakland

CARIBBIAN SEA
ANTIGUA AND BARBUDA Saint Johns | BARBADOS
Bridgetown |COSTA RICA San Jose | CUBA Cayo Coco |
Camaguey | Cayo Largo del Sur | La Habana (Havana) |
Holguin | Santa Clara | Santiago | Varadero |
DOMINICAN REPUBLIC La Romana | Puerto Plata |
Punta Cana | Santo Domingo | MARTINIQUE /
PACIFIC FRANCE Fort-de-France | GUADELOUPE /
FIJI Nadi | FRENCH POLYNESIA / FRANCE Pointe-a-Pitre | FRENCH
TAHITI / FRANCE Papeete | EASTER GUIANA / FRANCE Cayenne | JAMAICA
ISLAND / CHILE Hanga Roa | NAURU Kingston | Montego Bay | HAITI Port-au-
Yaren | PAPUA NEW GUINEA Port Prince | NETHERLANDS ANTILLES
Moresby | Finschhafen | HAWAI / Willemstad-Curacao | SAINT LUCIA
USA Kailua/Kona Vieux Fort | TRINIDAD AND
TOBAGO Port of Spain |
Scarboroug Tobago

CENTRAL & SOUTH AMERICA


ARGENTINA Cordoba | Buenos Aires | El Calafate | Iguazu | Tucuman |
BELIZE Belize City | BOLIVIA Santa Cruz | BRAZIL Belem | Porto Seguro |
Brasilia | Boa Vista | Belo Horizonte | Campinas | Curitiba | Florianopolis |
Fortaleza | Rio de Janeiro | Sao Paulo | Foz do Iguacu | Joao Pessoa |
Manaus | Maceio | Natal | Petrolina | Porto Alegre | Recife | Sao Jose dos AFRICA
Campos | Sao Luis | Cabo Frio | Salvador | Campinas | CHILE Iquique | ALGERIA Annaba | El Bayadh | Alger (Algiers) | Oran |
Santiago de Chile | COLOMBIA Barranquilla | Bogota | Carimagua | Ghardaia | Constantine | Hassi Messaoud | Tlemcen
Cartagena de Indias | Gamarra | Rio Negro Medellin | ECUADOR Guayaquil | (Tilimsen) | ANGOLA Catumbela/Lobito | Luanda | BENIN
Quito | El SALVADOR San Salvador | GUATEMALA Guatemala City | Flores | Cotonou | BOTSWANA Gaborone | BURKINA FASO
GUYANA Georgetown | HONDURAS Roatan | MEXICO Cancun | Cozumel | Ouagadougou | Bobo Dioulasso | BURUNDI Bunjumbura |
Mexico City | Merida | Ixtapa/Zihuatanejo | PANAMA Panama City | CAMEROON Douala | Garoua | Yaounde | CAPE VERDE
PARAGUAY Ciudad del Este | Asuncion | PERU Lima | SURINAME Rabil | Praia | Espargos | Sao Pedro | CENTRAL AFRICAN
Paramaribo/Zandery | URUGUAY Montevideo | Punta del Este | PUERTO REPUBLIC Bangui | CHAD N'Djamena | COMOROS Moroni |
RICO San Juan | VENEZUELA Caracas | Margarita Island | Valencia | CONGO, Republic of the Pointe-Noire | Brazzaville | COTE
Maracaibo | FALKLAND ISLANDS / UK Stanley | SAINT HELENA / UK D'IVOIRE Abidjan | Yamoussoukro | CONGO, Democratic
Georgetown / Ascension Republic of the Boende | Kinshasa | Kisangani, Stanleyville
| Goma | DJIBOUTI Djibouti | EGYPT Aswan | Cairo |
Hurghada Al Ghardaqah | Luxor | Marsa Alam | Ras Nasrani
| Taba | ETHIOPIA Addis Ababa | GABON Libreville |
GAMBIA, The Banjul | REUNION / FRANCE Reunion |
GHANA Accra | GUINEA-CONAKRY Conakry | GUINEA-
BISSAU Bissau | EQUATORIAL GUINEA Malabo | Bata |

Flying the Globe


Experience Around The World
Napoli (Naples) | Olbia | Torino | Palermo | Pisa | Pescara | Latina | Rimini | Lamezia | Taranto euroAtlantic airways Company Profile 2015 71
| Trapani | Trieste | Treviso | Brescia | Venezia (Venice) | Verona | LATVIA Riga |
LUXEMBOURG Luxembourg | MACEDONIA, Republic of Ohrid | Skopje | MALTA Malta |
NETHERLANDS Amsterdam | Bergen Op Zoom | Eindhoven | Rotterdam | ARUBA Aruba
(Oranjestad) | NORWAY Oslo | Stavanger | Baedufoss | Bergen | Trondheim | POLAND Gdansk
| Krakow | Poznan | Katowice | Wroclaw | Warszawa (Warsaw) | PORTUGAL Faro | Funchal |
Lisboa (Lisbon) | Ovar | Ota | Porto (Oporto) | Ponta Delgada Sao Miguel | Porto Santo | Santa
Maria | Terceira | ROMANIA Bucharest (Bucuresti) | Timisoara | RUSSIA Moscow (Moskva) |
SERBIA AND MONTENEGRO Pristina | SLOVAKIA Bratislava | SLOVENIA Ljubljana | SPAIN San
Luis (Menorca) | Arrecife | Malaga | Alicante | Barcelona | Bilbao | Fuerteventura | Badajoz |
Girona | Ibiza | Almeria | Las Palmas | Madrid | Palma de Mallorca | Menorca | Reus | Santiago
de Compostela | Salamanca | Sevilla | Tenerife Sur | Tenerife Nor | Vigo | Valencia | Jerez de la
Frontera | Zaragoza | SWEDEN Stockholm | Goteborg (Gothenburg) | Lulea | Malmo |
SWITZERLAND Geneva | Kanderstag | Zurich | Basel | TURKEY Izmir | Kayseri | Antalya |
Nevsehir | Ankara | Milas | Mugla | Istanbul/Pendik | Sinop | UKRAINE Donetsk | Lviv | Kyiv
(Kiev) | Dnipropretovsk | UNITED KINGDOM Aberdeen | Belfast | Birmingham | Blackpool |
Bournemouth | Bristol | Oxford | Cardiff | Edinburgh | Castle Donington | Exeter | Glasgow |
Hull/Humberside | Ronaldsway | Leeds/Bradford | London | Liverpool | Lyneham |
Manchester | Darlington | Newcastle | Norwich | Glasgow | Southampton

MIDDLE EAST
AFGHANISTAN Kabul (Khabul) | AZERBAIJAN Baku |
BAHRAIN New Bight | IRAQ Basrah | Sulimaniyah |Erbil
| SulAymaniyah | Baghdad | ISRAEL Tel Aviv/Yafo |
Jerusalem | JORDAN Amman | Aqaba | KYRGYSTAN ASIA
Bishkek | KUWAIT Kuwait | LEBANON Beirut | OMAN BANGLADESH Dhaka | BRUNEI Bandar |
Muscat | QATAR Doha | SAUDI ARABIA Jeddah | Riyadh CAMBODIA Phnom-Penh | Siem Reap |CHINA
| Medina (Madinah) | SYRIA Damascus | UNITED ARAB Changde | Dali | Hong Kong | Macao | Beijing
EMIRATES Al Ain (Buraymi West) | Abu Dhabi | Al | Shanghai | INDIA Agra | Amritsar | Bombay
Maktoun | Dubai | UZBEQUISTAN Samarkand | YEMEN (Mumbai) | KolKata (Calcutta) | Delhi | Panaji |
Sanaa Hyderabad | Jaipur | INDONESIA Denpasar |
Solo city | JAPAN Misawa | Fukuoka | Nagoya
| Nagoya | Tokyo | KOREA, South Inchon |
MALAYSIA Sepang/Kuala Lumpur | MALDIVES
Male| MONGOLIA Ulaanbaatar | BURMA
Mandalay | Yangon (Rangoon) | NEPAL
Kathmandu | PAKISTAN Islamabad | Karachi |
Lahore | Peshawar | PHILIPPINES Tuguegarao
| SINGAPORE Singapore | SRI LANKA Colombo
| THAILAND Bangkok |Phuket | Chiang Mai |
VIETNAM Hanoi

KENYA Mombasa | Nairobi | LESOTHO Lebakeng | LIBERIA


Monrovia | LIBYA Benghazi | Mitiga | Misurata | Sebha | Sert
| Tripoli | MADAGASCAR Nossi-Be | Antananarivo | MALAWI
Lilongwe | MALI Bamako | MAURITANIA Nouakchott |
MAURITIUS Mauritius | MOROCCO Agadir | Casablanca |
Casablanca | Errachidia | Fes (Fez) | Ouarzazate | Nador |
Tetouan | Oujda | Al Hoceima | Marrakech | Rabat | Tanger |
MOZAMBIQUE Maputo| NAMIBIA Windhoek | NIGER Agades
OCEANIA
(Agadez) | Niamey | NIGERIA Abuja | Ilorin | Kaduna | Kano |
AUSTRALIA Adelaide | Cairns | Flying Fish Cove | Darwin
Lagos | Maiduguri | Yola | Minna | Gombe | Uyo | Port
(Christmas Island) | Sydney |TIMOR-LESTE Dili | Baucau |
Harcourt | Enugu | Sokoto | RWANDA Kigali | SAO TOME
NEW ZEALAND Christchurch | Auckland | Rotorua |
AND PRINCIPE Sao Tome | SENEGAL Dakar | SEYCHELLES
PAPUA NEW GUINEA Port Moresby | Finschhafen |
Victoria | SIERRA LEONE Freetown | SOMALIA Bossaso |
HAWAI / USA Kailua/Kona
SOUTH AFRICA Cape Town | Durban | Johannesburg |
SUDAN El Fasher | Khartoum | TANZANIA Kilimanjaro |
Zanzibar | TOGO Lome | TUNISIA Djerba (Jerba) | Monastir |
Enfidha | Sfax | Tabarka | Tozeur | Tunis | UGANDA Kampala
(Entebbe) | ZAMBIA Lusaka | Livingstone | ZIMBABWE
Harare

Between 1997 and December 2014,


our company landed in 700 different Airports in a total of 157 countries,
covering 83% of the world!
72 euroAtlantic airways Company Profile 2015

MEMBER of

euroAtlantic airways is a IATA Member since 2010


MEMBERS OF THE INTERNATIONAL AIR TRANSPORT ASSOCIATION
AFRICA Air Botswana | Air Madagascar | Air Malawi | Air Mauritius | Air Namibia | Air Seychelles | Airlink | ALS | Arik Air | Comair | Ethiopian Airlines | Interair South
Africa | Kenya Airways | LAM Mozambique Airlines | Precision Air | Safair | South African Airways | South African Express | TAAG Angola Airlines | TACV ASIA PACIFIC
Air Caldonie | Air India | Air New Zealand | Air Niugini | Air Pacific | Air Tahiti | Air Tahiti Nui | Air Vanuatu | Aircalin | All Nippon Airways | Asiana Airlines | Bangkok
Airways | Biman Bangladesh Airlines | Continental Micronesia | Garuda Indonesia | Japan Airlines | Jet Airways | JetLite | Korean Air | Malaysia Airlines | Nippon Cargo
Airlines | Pakistan International Airlines | Philippine Airlines | Qantas | Royal Brunei Airlines | SilkAir | Singapore Airlines | Singapore Airlines Cargo | SriLankan Airlines |
Thai Airways International | Vietnam Airlines | Virgin Australia CHINA AND NORTH ASIA Air China | Air Koryo | Air Macau | Cathay Pacific | China Airlines | China Cargo
Airlines | China Eastern Airlines | China Southern Airlines | Dragonair | EVA Air | Hainan Airlines | Hong Kong Airlines | Hong Kong Express Airways | Juneyao Airlines |
MIAT Mongolian Airlines | Shandong Airlines | Shanghai Airlines | Shenzhen Airlines | Sichuan Airlines | Tianjin Airlines | TransAsia Airways | Xiamen Airlines EUROPE
Adria Airways | Aegean Airlines | Aer Lingus | Aigle Azur | Air Austral | airBaltic | Air Berlin | Air Corsica | Air Europa | Air France | Air Malta | Air Nostrum | Air One | Air
Serbia | Alitalia | Arkia Israel Airlines | Atlasjet | Austrian Airlines | B&H Airlines | Belle Air | Binter Canarias | Blue Panorama Airlines | Blue1 | BMI Regional | British
Airways | Brussels Airlines | Bulgaria Air CAL Cargo Air Lines | Cargolux | Cargolux Italia | Carpatair | CityJet | Condor | Corendon Airlines | Corsairfly | Croatia Airlines |
Cyprus Airways | Czech Airlines | DHL Air UK | El Al | Estonian Air | euroAtlantic Airways | European Air Transport Leipzig | Eurowings | Finnair | Flybe | Freebird Airlines
| Germania | Hahn Air | Hi Fly | Iberia | Icelandair | InterSky | Israir Airlines | KLM | LOT Polish Airlines | Lufthansa | Lufthansa Cargo | Lufthansa CityLine | Luxair |
Malm Aviation | Martinair | Meridiana Fly | Montenegro Airlines | Niki | Olympic Air | Onur Air | Pegasus Airlines | Portuglia | PrivatAir | Scandinavian Airlines | SATA
Air Aores | SATA International | Sky Airlines | SunExpress | Swiss International Air Lines | TAP Portugal | TAROM | Turkish Airlines | TNT Airways | TUIfly | Virgin Atlantic
| White Airways | Widere LATIN AMERICA AND THE CARIBBEAN ABSA Cargo Airline | Aerolneas Argentinas | Aeromxico | Austral Lneas Areas | Avianca | Avianca
Brazil | Azul Brazilian Airlines | Caribbean Airlines | Copa Airlines | Copa Airlines Colombia | Cubana de Aviacin | Gol Transportes Areos | Insel Air | Lacsa | LAN Airlines
| LAN Argentina | LAN Cargo | LAN Ecuador | LAN Per | MasAir | Surinam Airways | TACA Airlines | TACA Peru | TAM Airlines | TAM Airlines (Paraguay) | TAME |
Volaris MIDDLE EAST AND NORTH AFRICA Afriqiyah Airways | Air Algrie | AlMasria Universal Airlines | Ariana | Afghan Airlines | Bahrain Air | DHL International Aviation
ME | EgyptAir | Emirates | Etihad Airways | Gulf Air | Iran Air | Iran Aseman Airlines | Iraqi Airways | Jazeera Airways | Jordan Aviation | Kish Air | Kuwait Airways |
Libyan Airlines | Mahan Air | Middle East Airlines | Nile Air | Nouvelair | Oman Air | Qatar Airways | Royal Air Maroc | Royal Jordanian | Safi Airways | Saudia | Sudan
Airways | Syrian Air | TMA Cargo | Tunisair | Yemenia NORTH AMERICA Air Canada | Air Transat | Alaska Airlines | American Airlines | Atlas Air | Cargojet Airways |
Delta Air Lines | FedEx Express | Hawaiian Airlines | JetBlue Airways | United Airlines | UPS Airlines | US Airways RUSSIA AND THE CIS Aeroflot | Aerosvit Airlines | Air
Astana | Air Moldova | Armavia | Azerbaijan Airlines | Belavia | Donavia | Georgian Airways | Nordavia | Nordwind Airlines | Rossiya | S7 Airlines | Transaero Airlines |
Ukraine International Airlines | UTair Aviation | Vladivostok Air | Volga-Dnepr Airlines | Yakutia Airlines

euroAtlantic airways is a IACA Member since 2009


MEMBERS OF THE INTERNATIONAL AIR CARRIER ASSOCIATION
Aer Lingus | Air Berlin (Air Berlin Group) | Alba Star | Arkefly (TUI Airlines) | Blue Panorama Airlines | Condor Flugdienst (Thomas Cook Group) | Corsair International (TUI
Airlines) | Edelweiss | Enter Air | EuroAtlantic Airways | Germania Fluggesellschaft | Jetairfly (TUI Airlines) | Monarch Airlines | Neos | NIKI Luftfahrt (Air Berlin Group) |
North American Airlines | Nouvelair Tunisie | Novair | Orbest Airlines | Pullmantur Air | S7 Airlines | Thomas Cook Airlines Belgium (Thomas Cook Group) | Thomas Cook
Airlines (Thomas Cook Group) | Thomas Cook Airlines Scandinavia (Thomas Cook Group) | Thomsonfly.com (TUI Airlines) | Transavia France | Transavia Airlines | TUIfly
Nordic (TUI Airlines) | TUIfly.com (TUI Airlines)

72
euroAtlantic airways Company Profile 2015 73

Our certifications
AOC FAOC FAOC FAOC

PORTUGAL USA CANADA AUSTRALIA

IATA | IOSA
FAOC Part 145 IATA Member Operator

MEXICO

euroAtlantic airways has a Portuguese air transport license The approval PT.145.027 allow euroAtlantic airways to
AOC number PT-01/99/72, and the FAOCs from USA with perform line maintenance on B737-800 (CFM56), B767-300
the certificate number EY9F925F, the Australian with the (PW4060 and CF6-80) and B777-200 (RB211-Trent 884)
number 1-13A4NU-01 (only for B767 CS-TRW), the Canadian aircrafts. The approval PT.MG.017 hold Subpart I privileges
with the licence number 000178 order 2013-A-213 and the on B737NG, B767 and B777 aircrafts.
Mexican with the number 4.1.205OPS-3041/11.
Since November 2010 euroAtlantic airways is a IATA
It provides charter services, wet-lease and Ad-Hoc flights Member with the call sign of YU, FAA (FAR129), EASA (EU
(passengers & cargo) from anywhere to several places in OPS1) and IOSA certified since August 2009.
Europe and to the rest of the world.
O.A.A.G.C. (Office dAssurances Aeriennes G. de Cugnac)
With seven B767-300ER in its fleet since 2003, one B767- Insurance Broker with Catlin France SAS as leading
300SF since 2010 only for cargo, a B777-200ER in 2009, a underwriter, provided insurance cover for euroAtlantic
B737-800NG in 2012 and a Cessna Citation since 2014 only airways operational activity.
for Private Executive Flights, EAA is authorized to perform
line maintenance services up to A Checks to third parties at
Lisbon airport according the 8th category of Ramp Assistance
Licence, rules 8.1 / 8.2 / 8.3 and 8.4.
74 euroAtlantic airways Company Profile 2015

Photo Raquel Wise / Sbado


OUR Prizes

For the second year in a row,


GQ hosted a gala to reference the nominees and
winners of each category.
It was this year that Chairman / CEO of
euroAtlantic airways, Tomaz Metello,
who took home the award of Man of the Year
2014 for his amazing work in the business.
Chairman / CEO of euroAtlantic airways Tomaz Metello

E
uropes 500 is the European
organization and networking platform
for growth companies and their
entrepreneurs. Since 1996 Europes
500 has been selecting and publishing
the list of the top growth companies in
Europe and organizes its annual conference The
European Growth Summit for the European growth
entrepreneurs, and has been awarding them for
their outstanding achievements in generating
sustainable growth and jobs.
Since 2009 Dun & Bradstreet has supported Europe's
500 with creating the list of the top 500 growth
companies in Europe. But every growth company
that meets Europes 500 criteria is invited to register
for the ranking. To be considered for the 2009
Europes 500 Listing, companies must match the
following criteria: Independence (The Company is
not part subsidiary - of another Group that owns
an equity share of more than 50% of the company),
Growth in turnover and employment (The Company
must demonstrate at least 30% growth in both
turnover and employment between 31. December
2005 till 31. December 2007 (the reference period), For more information visit
Size (The company must have a minimum of 50 www.europes500.eu/europes500-list.html
employees at the beginning of the reference period.
(31 December 2005) and Age (Companies founded
after December 2005 will not be considered). This
year we are proud to be part of this list and on
February the 3rd, 2011, we participated in the
European Growth Summit & Europes 500 Award
Ceremony at the European Parliament in Brussels, in
which the results and all top growth companies were
presented. Our place in the list? 129!
Contact us 24/7
euroAtlantic airways Company Profile 2015 75

ANYTIME, ANYWHERE

COMMERCIAL DEPARTMENT
FOR PASSENGERS AND CARGO FLIGHTS
email: commercial@euroatlantic.pt
phone: +351 21 924 73 15 up to 24 Loadmaster On Duty
fax: +351 21 924 73 91 email: loadmaster@euroatlantic.pt
H24 +351 91 724 96 71 mobile: +351 917 324 149

Marketing & Image Department phone: +351 219 247 375


email: marketing@euroatlantic.pt fax: +351 21 924 73 90
phone: +351 21 924 73 28 H24 +351 911 960 354
fax: +351 21 924 73 91
H24 +351 91 680 19 64

Flight Operations Department


email: paulo.pinheiro@euroatlantic.pt Maintenance Department
phone: +351 21 924 73 69 email: maintenance@euroatlantic.pt
fax: +351 21 924 73 92 phone: +351 21 949 90 00
fax: +351 21 949 90 59
Ground Operations Department H24 +351 91 226 37 35
email: handling@euroatlantic.pt
phone: +351 21 844 47 43 Quality Department
fax: +351 21 844 47 39 email: quality@euroatlantic.pt
H24 +351 21 844 44 34 phone: +351 21 949 90 40
fax: +351 21 949 90 59
Flight Dispatch / Airport
email: dispatch@euroatlantic.pt Rosters Department
phone: +351 21 844 47 31 email 24h: rosters24@euroatlantic.pt
fax: +351 21 844 47 39 phone: +351 21 924 73 68
H24 +351 91 866 09 83 fax: +351 21 924 73 90
H24 +351 91 732 41 26
Chief Pilot
email: chiefpilot@euroatlantic.pt Security Department
phone: +351 21 924 73 66 email: enascimento@euroatlantic.pt
fax: +351 21 924 73 92 phone: +351 21 924 58
H24 +351 91 754 04 70 fax: +351 21 924 73 90

Cabin Crew Department Training Department


email: sofia.goncalves@euroatlantic.pt email: training@euroatlantic.pt
phone: +351 21 924 73 74 phone: +351 21 924 73 57
fax: +351 21 924 73 90 fax: +351 21 924 73 90

Finance Department Cabin Crew Training Department


email: finance@euroatlantic.pt email: rita.espada@euroatlantic.pt
email H24: finance24@euroatlantic.pt phone: +351 21 924 73 73
phone: +351 21 924 73 00 fax: +351 21 924 73 90
fax: +351 21 924 73 93
H24: +351 91 724 96 65 Public Relations Department
email: caetano.pestana@euroatlantic.pt
Legal Department & phone: +351 21 924 73 60
Human Resources Department fax: +351 21 924 73 90
email: ana.santos@euroatlantic.pt
email: renata.dias@euroatlantic.pt Passenger Customer Services
email: beatriz.borges@euroatlantic.pt email: customerservices@euroatlantic.pt
phone: +351 21 924 73 30 / 31 / 32 phone: +351 21 924 73 28
fax: +351 21 924 73 90 fax: +351 21 924 73 90

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