Eos ready to spend expansion cash

Eos Airlines has announced that it has secured a second round of institutional investment, which will enable the airline to expand its fleet of 757 aircraft in preparation for new routes in 2007.Eos, which launched innovative premium class-only service between New York and London in 2005, announced that new expansion capital of $75 million has been raised from both current and new institutional investors.

The new funding will help underwrite the acquisition of additional aircraft, as well as continued product and service innovations. Eos’ dedication to personal service and its specially configured 757’s, redesigned to carry 48 guests in suites with horizontal beds and 21 square feet of personal space, has earned the loyalty of a growing segment of trans-Atlantic travelers.

In September of 2006, Eos announced the start of a second daily flight between New York and London. Even with increased seating capacity, the airline has continued to maintain load factors in excess of 65%. Now, hard on the heels of its First Anniversary, Eos has embarked on expansion plans set to roll out in 2007. The airline has identified and prepared initial applications for a range of possible new routes from New York, including growth markets such as Paris and Zurich, as well as potential new U.S. city pairs for flights to and from London.

“We’re pleased that investors continue to support our business model,” said Eos Chairman and CEO Dave Pottruck. “We are equally gratified,” Pottruck continued, “that our guests value the dedication to personal service that is central to everything we do at Eos. We will continue to innovate and to listen to the needs of our guests as we pursue new routes in 2007.”
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