Sandyb123 From UK - Scotland, joined Oct 2007, 894 posts, RR: 0 Posted (5 years 3 weeks 6 days 3 hours ago) and read 1653 times:
Hi all,
I just wondered how Eastern Airways (T3) regional UK airline where doing?
They operate a fleet of 6 Saab 2000 and 25 Jetstream 41 aircraft (rationalised from a more diverse fleet a few years ago) and seem to fly from almost all regional UK airports and two European destinations.
So, how are they doing? Are they profit making? Is the cost of fuel hitting them (although they are all-prop)? Do they have grand plans? Are they a contender for takeover (Flybe)?
Unlikely, but not impossible. They are owned by the MD Richard Lake and Chairman Bryan Huxford. It is unlikely they would want to sell to a fierce rival such as BE unless they were made an offer they couldn't refuse
From an interview published on flight global last summer
"Eastern last year increased its net profit by 17% year-over-year, which Lake says is a “typical growth figure” for the airline"
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