Eos gets another round of financing, adds 4th aircraft

Per the press release below, while not growing as rapidly as the original business plan called for, Eos has secured additional financing and plans to put on its 4th aircraft next month.

Eos Airlines Secures Major Infusion of Capital

First Rate Facility Adds To London Stansted Juggernaut
PURCHASE, N.Y., August 21, 2007 — Eos Airlines, Inc., continuing its strong track record of attracting quality investors, has secured another $50 million in equity capital from institutional and private sources in a transaction that closed on August 17. One new investor accounts for $35 million of the total. Eos, with less than two years of flight operations, has significantly raised the bar on transatlantic travel, designing the world’s only fleet of Boeing 757s outfitted for just 48 guests, delivering an uncrowded, stress-free travel experience, and generally proving itself a “category of one.” In 2007, Eos has made enviable strides: expanding to 44 flights per week between New York and London, adding additional aircraft to its growing fleet, opening a new Eos Class lounge, Club 48, at London Stansted Airport, delivering near-perfect luggage handling, and leading would-be competitors in guest satisfaction and on-time performance.

According to Eos President and CEO Jack Williams, who announced this latest round of financing, “Securing this new capital is testimony to Eos’ success to date, reflects the confidence in our business model, and enables us to continue growing to a scale that will lead to strong corporate profitability. Importantly, it also means that we will acquire our fifth and sixth Boeing 757-200ER aircraft, both to be delivered during the next five months.”

“This funding,” he continued, “really recognizes the extraordinary dedication and hard work of all of our best-in-class employees who perform their jobs with genuine care, efficiently and smartly every day.”

Near-term, Eos will put its fourth Boeing 757 into service in September, adding a new 9 a.m. departure from JFK four days a week. That flight arrives in London Stansted at 9 p.m. A new 4 p.m. flight from London, arriving at 6:55 p.m. in New York, can be booked five days a week. Other new additions to the schedule include late night flights on Sundays to New York at 10:30 p.m., and an 11:05 p.m. flight to London, 3 days a week.

About Eos Airlines
Eos provides single-class premium service in a class by itself — “Eos Class.” Eos was named “Best Long Haul Business Airline” at the 2007 Business Travel World Awards based on the strength of its dedicated employees, operational excellence and “uncrowded” guest experience. Eos flies the world’s only Boeing 757s outfitted with only 48 “suites,” each of which houses an award-winning 6’6” fully-horizontal flat-bed and provides 21 square feet of personal space with guaranteed aisle access for every guest. Eos offers 32 flights per week between New York’s JFK Airport and London’s Stansted Airport and takes responsibility for the complete end-to-end experience of its guests. For more information, visit eosairlines.com or call 800.598.2169.