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How Are Eastern Airways Doing? (T3)  
User currently offlineSandyb123 From UK - Scotland, joined Oct 2007, 1073 posts, RR: 0
Posted (6 years 2 months 6 days 7 hours ago) and read 2283 times:
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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)?

Sandyb123


DC3, 727, 737, 744, 753, 777, A32X, A345, A388, ERJ145, E190, BaE146, D328, ATR72, Q400
4 replies: All unread, jump to last
 
User currently offlineHumberside From United Kingdom, joined Dec 2005, 4917 posts, RR: 4
Reply 1, posted (6 years 2 months 5 days 14 hours ago) and read 2189 times:



Quoting Sandyb123 (Thread starter):
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

Quoting Sandyb123 (Thread starter):
Are they profit making?

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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User currently offlineKennyK From United Kingdom, joined Apr 2005, 482 posts, RR: 0
Reply 2, posted (6 years 2 months 4 days 17 hours ago) and read 2051 times:

I hope they don't get to become a part of Flybe or become a Flybe franchise as Loganair has.

User currently offlineRJNUT From United States of America, joined Dec 1999, 1215 posts, RR: 0
Reply 3, posted (6 years 2 months 4 days 13 hours ago) and read 1999 times:

i cant imagine the load factor is that great but their yields must be the best in the industry..They dont give anything away!

User currently offlineHumberside From United Kingdom, joined Dec 2005, 4917 posts, RR: 4
Reply 4, posted (6 years 2 months 4 days 11 hours ago) and read 1944 times:



Quoting RJNUT (Reply 3):
i cant imagine the load factor is that great but their yields must be the best in the industry..They dont give anything away!

Average load factor is 50-55%. But fares arent cheap at all



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