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EmpireAero (NYSE:EANY) is excited to announce that it is now accepting subscriptions for an initial public offering. EmpireAero, which operates a fleet of Embraer 135 and Embraer 195 aircraft, has shown a steady and profitable growth since its maiden flight. It operates 7 aircraft to over 40 airports on the eastern part of the United States. EmpireAero is planning long-term expansions utilizing leased Embraer 195 and Airbus A321 aircraft to expand both international and domestic markets.
Currently, the airline, which is still in its infancy, is the second biggest airline operating out of LaGuardia Airport, with a market share of 8.28%. It looks to increase its share as it acquires new aircraft from its leasing partners. There have been rumours that the airline is in talks with the city of Palm Beach officials to introduce Palm Beach Airport (PBI) as a new hub, which the airline says will be a crucial addition to the airline's current network. Airline officials have also said that Palm Beach Airport will be the gateway to South American and Carribean markets in the near future.
EmpireAero Info
Airports Served: 42
Operated Flights: 302
Seat Load Factor: 92%
Exclusive Interlining Partner: Green Airways
AS Route map: View
Flt Route map: View