Company profile - Euro Atlantic Airways

2012
euroAtlantic airways
COMPANY PROFILE

Table of Contents
About euroAtlantic airways
Editorial 3
Company History 4
Our Mission 5
Organogram & Personnel 6-7
Our Fleet
Since the beginning 10-11
Boeing 777-200 ER | CS-TFM 12
Boeing 767-300 ER | CS-TLO 13
Boeing 767-300 ER | CS-TFS 14
Boeing 767-300 ER | CS-TFT 15
Boeing 737-800 | CS-TQU 16
Boeing 767-300 SF | CS-TLZ 17
Build Your Business 18-19
euroAtlantic Cargo History 20-21
Cargo Specifications 22
Cargo Configurations 23
Financial Information
General Financial Information 27
Financial Statements 2010 28
Financial Statements 2009 30
Financial Statements 2008 32
Financial Statements 2007 34
New Projects 36
Our Services
ACMI - Wet Lease 40
Dry Lease 41
Aircraft Charter 42
Ad-Hoc Leasing 43
Maintenance 44
Consulting 44
Around the World
Some Clients 46
Personalize Our Aircraft 48-49
Our Routes - Flying the World 50-51
Group Companies
Subsidiary Enterprises 52
Among the Top 500 53
Our contacts 54
The first aircraft of euroAtlantic airways was a Lockheed Tristar 1011-500 named Naughton Simão.
It flew from 1997 to 2008.

Tomaz Metello | Chairman & CEO
WELCOME TO
EUROATLANTIC AIRWAYS
It is with great pleasure that I announce that our company has received some compliments and greetings
sent from various countries in the world after the Department of Transportation of the United States
(DOT), has formally approved, for the first time in the American history of civil aviation, a rental of a
plane for a long-term contract - operated by a foreign company.
This authorization - produced in record time with the U.S. government - is a pride for Portugal and for
our aerospace industry, because for the first time a company outside the United States gets an
authorization to sign such an important contract. The image, reputation and financial strength of
euroAtlantic brand have helped to open doors of the largest generator of passenger traffic and cargo in
the world to a Portuguese company, requiring our immediate reviewing budgets for next year.
Because we are a private company that has no economic support, as we do not depend on anyone
financially , because we promote employment, ensure stability and were not ‘swallowed’ in one of the
worst phases of the world´s economy that have caused closures and bankruptcies in Europe and the rest
of the world, euroAtlantic was nominated for the prestigious award “Europe’s 500” audited by Dun &
Bradstreet, in a universe of 167 million independent companies. This is an initiative of Europe’s 500, a
platform that every year organizes the “European Growth Summit” where businesses and entrepreneurs
participate in this category.
This nomination leaves our company and its workers full of satisfaction, as it reflects a bet won where,
even through we crossed a “battle war” with the economic crisis, we looked for new opportunities and
investments... and emerge victorious.
We will continue to seek for new opportunities, new partners, new investors and new businesses, always
with the same motto, “anytime, anywhere”.
Welcome to euroAtlantic airways,!

euroAtlantic airways have four Boeing 767 -300 in it’s fleet, a mid-size wide-body twin-engine jet airliner.
It was the manufacturer's first wide-body twinjet and its first airliner with a two-crew glass cockpit.
The aircraft features two turbofan engines, a conventional tail and for reduced aerodynamic drag, a supercritical wing design.
FROM AIR MADEIRA to euroAtlantic
euroatlantic Airways Was Founded By Tomaz Metello - Actual Chairman And
Shareholder - And Is Also Participated By The Largest Portuguese Leisure Group,
Pestana Hotels & Resorts.
Founded as Air Zarco on the 12th of August 1993, the company first adopted the trade name Air
Madeira until 17th May 2000, date when the memorandum of association was altered by deed, and
the current name of euroAtlantic Airways - Transportes Aéreos S.A. was adopted. euroAtlantic airways
is a Portuguese International Airline, operating in the most diverse routes in North Atlantic with air
transport license and FAOC to operate into the US and Canada, Caribbean, Central and South
Americas, Africa, Middle East, Pacific, Australia and Oceania.
It provides charter services, wet-lease and Ad-Hoc flights (passengers & cargo) from anywhere to
several places in Europe and to the rest of the world.
With four B767-300ER in its fleet since 2003, it recently (2009) purchased its first B777-200ER and in
2012 received its first B737-800NG.
For B767-300ER and B737-800, maintenance is provided by its own Part 145 (approved on December
7, 2009 - Certification nº PT.145.027) organization for line maintenance and by IAI for base
maintenance. The maintenance for B777-200ER is provided by LAS (Dhaka, line maintenance), BA
(LHT, line maintenance) and SIAEC (SIN, line & base maintenance).
euroAtlantic airways is a IATA Member since November 2010 with the call sign of YU, FAA (FAR129),
EASA (EU OPS1) and IOSA certified since August 2009.
IMPÉRIO/Marsh Insurance and Reinsurance company (London), have provided insurance cover for
euroAtlantic operational activity since the outset.
The parent organisation/shareholders
Quanlux (Luxembourg)
Tomaz Julio Teixeira A G Metello
Pestana Holding
Danielle Chadrin Metello

Our mission
euroAtlantic is specialized in aircraft leasing for other airlines and aircraft charter solutions for travel
operators and aviation support services (passengers and cargo flights). We will promptly
analyze any ACMI – Wet lease or aircraft charter request and will always do our very best to provide
Clients with the best solutions for their needs. All our aircrafts interiors can be changed according to our
clients requests and needs.
Our mission is to become the first choice for airlines around the world needing additional operational
capacity, while continually striving for efficiency, safety, high quality and the best trained staff in the
business.
We believe that euroAtlantic’s success is the direct reflection of our Clients’ own success.
In 2012 euroAtlantic airways received its first B737-800.This Boeing 737 Nex Generation, commonly abbreviated as Boeing 737NG,
is the name given to the 600/700/800/900 series of the model. This series followed the 737 Classic (300/400/500) series, which
began production in the 1980s. They are short- to medium-range, narrow-body jet airliners produced since 1996.

SUPPORT & DEVELOPMENT
DEPARTMENT
COMMERCIAL DIRECTOR
Eugénio FERNANDES
PUBLIC RELATIONS DIRECTOR
José Caetano PESTANA
SECURITY DIRECTOR
Eduardo NASCIMENTO
QUALITY DIRECTOR
Marques CORREIA
«A workplace free from discrimination on the grounds of colour, race,
nationality, sex, gender, marital status, disability or religious belief.»
CHAIRMAN & CEO
Tomaz METELLO
VICE-PRESIDENT
Euclides BATALHA
CABIN CREW
MANAGER
Sofia
GONÇALVES
ADVISER TO THE BOARD
Bernardo FIALHO
Mário ALVIM
FINANCIAL DIRECTOR
Salomé FIGUEIREDO
MAINTENANCE DIRECTOR
José Rufino OLIVEIRA
SAFETY DIRECTOR
Pedro PISSARRA
GROUND
MANAGER
Xavier
MARTINS
Tomaz Metello
FLIGHT & GROUND OPERATIONS DIRECTOR
Paulo PINHEIRO
ROSTERS
MANAGER
Morais
CALDAS

Human Resourses Information / FEB 2011
President and Vice-President 2
Commercial, Marketing & Corporate Image 10
Personnel, Legal, Development and Support 14
Public Relations 1
Finance Department 14
Ground Operations and Security Department 8
Safety Department 4
Maintenance and Engineering Department 62
Quality Department 9
Flight Operations Ground Staff 20
Total Ground Staff 144
Total Cockpit Crew 70
Total Cabin Crew 131
Total 345
Tomaz Metello with crew members of euroAtlantic airways.
JOB opportunities
euroAtlantic airways offers a
great variety of careers, either
working as a cabin crew, pilot
or one of many other career
opportunities in an Airline
Company such as in a
Commercial or Financial
Department - amongst others,
all essential to ensure the
successful and safe operation
of an Airline Company with
euroAtlantic airways –
Transportes Aéreos, S.A.
quality standards. Moreover,
euroAtlantic airways is proud
of its employment policy as it is
an equal opportunities
employer.

The Boeing Company is an American multinational aerospace and defense
corporation, founded in 1916 by William E. Boeing in Seattle, Washington.
Boeing has expanded over the years, merging with McDonnell Douglas in
1997. Boeing Corporate headquarters has been in Chicago, Illinois since
2001. The company is made up of multiple business units, which are
Boeing Commercial Airplanes; Boeing Defense, Space & Security;
Engineering, Operations & Technology; Boeing Capital; and Boeing Shared
Services Group. Is among the largest global aircraft manufacturers by
revenue, orders and deliveries, and the third largest aerospace and
defense contractor in the world based on defense-related revenue.
Boeing is the largest exporter by value in the United States. Its stock is a
component of the Dow Jones Industrial Average.
1917 -- Founder William Boeing incorporates Pacific Aero Products
Company, involved in plane making, mail delivery, and pilot training.
1918 -- Company changes its name to Boeing Airplane Company.
1929 -- United Aircraft and Transportation Company is formed as a holding
company for Boeing-controlled airlines and makers of airplanes, engines,
and propellers.
1934 -- Government investigation of airmail business leads to break-up of
United, with Seattle-based Boeing Airplane Company emerging with a sole
focus on manufacturing.
1943 -- The Boeing Co. opens a shop in Everett at a former auto garage on
Pacific Avenue. Workers there build bulkheads and sections for B-17
bombers.
1956 -- Boeing moves 283 employees to facilities at the Everett-Pacific
Shipyard, where they will build jigs and shipment fixtures for B-52
bombers and KC-135 tankers. Eventually, as many as 1,728 work there,
though employment dwindles by 1963.
1966 -- The Boeing board of directors approves the 747 jumbo jet
program, which is launched the next month when Pan American World
Airways announces a $525 million order for 25 747s. Boeing purchases 780
acres just northeast of Paine Field in Everett. The site of the 747 factory is
chosen over locations such as Monroe, Moses Lake and Cleveland. Paine
Field had been an Army and Air Force base since World War II but was
little-used by the military by the mid-1960s.
1967 -- The first workers, about 113 of them, arrive at the 2.5 millionsquare-foot
plant at Paine Field, which isn't completed, to build the first
747. The factory officially opens on May 1.
| brief history and chronology
1968 -- The first 747 rolls out of the factory.
1969 -- The first 747, named "the City of Everett," makes its first flight.
(This airplane today is on display at the Museum of Flight at Boeing Field
in Seattle.)
1971 -- At the nadir of the "Boeing Bust," during a nationwide aerospace
downturn, the company has reduced the Washington workforce from a
peak of 100,800 employees in 1967 to 38,690. Later in the year, Boeing
employment begins to rise.
1978 -- Launching the 767 program, United Airlines orders 30 of the new
twin-aisle airplanes. Expansion of the Everett site is under way from 1979
to 1980.
1981 -- The first 767 rolls out of the factory, with first flight the following
month.
1990 -- Boeing delivers two 747s for service as Air Force One. Boeing
launches the 777 program when United Airlines orders 34 planes.
1991 -- Boeing receives a construction permit for a 50 percent increase in
the size of the Everett plant, primarily to support the 777 program.
Construction is completed in 1993.
1994 -- The first 777 takes flight.
2003 -- Boeing announces it plans to develop a new, advanced jetliner
dubbed the 7E7. Boeing is awarded a contract to build 100 767-derived
aerial-refueling tankers for the U.S. Air Force. Boeing acknowledges there
were ethics violations during negotiations with the Pentagon for the
tanker. CEO Phil Condit resigns a week later and the tanker deal is placed
on hold.
2004 -- All Nippon Airways orders 50 7E7s.
2005 -- The 7E7 is renamed the 787 Dreamliner. With commercial demand
evaporating and the tanker contract on ice, Boeing says it might halt 767
production. Boeing announces it will develop updated 747 passenger and
cargo jets, designated the 747-8.
2007 -- Boeing rolls out the first 787 during an extravagant ceremony. But
the airplane is nowhere near completion.
2009 -- Boeing announces it has selected Charleston, S.C., over Everett for
a second 787 assembly line. The first 787 makes its inaugural flight.
2011 -- All Nippon Airways takes delivery of the first 787s. The Air Force
declares Boeing's 767-based aerial-refueling tanker the "clear winner" in a
third round of contract bidding. It will be called the KC-46.

OURFLEET
Check out our all BOEING fleet and our novelty

Since THE BEGINNING…
In 1997, with just one aircraft, euroAtlantic airways initiated its flights under the trade name of Air Madeira.
In 2012, our fleet is composed by one Boeing 777-200ER, three Boeing 767-300ER, one 737-800NG and one
767-300SF, just for cargo flights!

Only for CS-TLO
Build YOUR BUSINESS
For PASSENGERS & CARGO
See all the authorized configurations for CS-TLO, CS-TFT, CS-TFS
for passengers and CS-TLZ for cargo flights.
Create your own configuration according to your needs! We are
flexible , dynamical and WANT to attend your wants and needs.

Only for CS-TFS / CS-TFT

Portugal-based lease and charter operator euroAtlantic airways is the launch customer for the B767-300 passenger-tofreighter
conversion program offered by M&B conversions, a joint venture of IAI Bedek and Mitsui.
Our company awarded a contract to M&B for the conversion of a single B767-300ER, which became the carrier’s first
freighter.
The aircraft is msn 24086, a CF6-powered, 1989-build unit, formerly operated by Varig and before that by a Canadian
airline.
euroAtlantic airways made a strategic decision
of establishing an air cargo industry within the company,
as Portugal is totally deficient in this type of equipment
and this is a vector of development for the country’s economy.
After many studies and market research of the performance of this airplane,
the results were positive and profitable.
The capabilities of the B767-300 ER Cargo, for the sector of import and export markets
as Portugal, Angola, Brazil and the CPLP countries in general, are quite attractive.
At a distance of 5800 km (3,100 nm) it can carry, 56000 kgs (56Ton) (125 thousand pounds) of
goods and commodities. Increasing the scope for 6900 km (3700 nm) it shows only a
slight drop in capacity, 51000 kgs (51Ton) taking into account that it is a direct flight.
The indicators are very interesting, both for the export and import sector.
euroAtlantic airways is the first company in the World to transform it’s
Boeing 767-300 passenger aircraft into a cargo plane.
For a better assessment of euroAtlantic airways equipment
capabilities and as a simple example, it can transport live
animals, in one of Its twenty four pallets in the cabin,
and it can also load one of the airplane’s engine,
ready to be replaced.

B767-375 ER SF MSN 24086
Engines GE CF6 80C2B6F
After conversion: Payload (Gross) – Range
Max Taxi Weight
Max Takeoff Weight
Max Landing Weight
Max Zero Fuel Weight
Dry Operation Weight
Max Structural Payload
Max cargo Volume (24 pos)
Vol. Density (Max Payload)
187 334 kgs
186 880 kgs
147 871 kgs
140 160 kgs
83 234 kgs
57 000 kgs
16 000 ft³ (453 m³)
7.8 lb/ft³ (124 Kg/m³)
2800NM - 07:00 or 57 000 kgs - 5800 km
3200NM - 08:00 or 50 000 kgs - 6900 km

FINANCIAL
Information

Even with the market downturn in 2009,
euroAtlantic airways obtained
PROFIT
2011 2010 2009 2008 2007 2006
REVENUE 71.829.069 71.882.227 43.340.243 74.672.421 82.835.439 125.742.752
NET PROFIT 562.380 845.975 576.454 13.600.865 12.056.986 10.472.665
EBITDAR 16.627.625 19.405.730 13.156.221 31.599.807 32.161.207 27.162.036
EBITDA 11.118.758 12.440.800 4.587.563 22.788.611 24.592.157 18.565.746
Depreciation 7.780.887 7.989.832 3.295.865 7.900.363 8.163.834 4.833.336
EBITDAR Margin 23% 27% 30% 42% 39% 22%
EBITDA Margin 15% 17% 11% 31% 30% 15%
In Euros (€)
euroAtlantic airways went from a profit of 88.78 thousand Euros in 2002 to 12.056 million in 2007,
which means that it multiplied its net income by 135.8 times.
This increase of this profitability began in 2004, when it went from 93.3 thousand to 1.29 million, and
grew, in 2005, to 5.98 million and in 2006 to 10.47 million.
In 2006, the growth was 15.1%, to 12.05 million, but, although inferior to the profits growth rate from
2004 to 2006 (1,286.6% in the first year and, in the following years, 362.7% and 74.9%), 2007 was the
year that euroAtlantic registered the largest increase of profitability.
The data of the company’s balance sheet, show a seven point leap, to 16%, of the share of operating
revenues that constitutes the company’s profit (net margin), with a nine points increase of the
operating margin, to 19%. The strong increase of the margins happened because, for the first time in
five years, profits increased in a setting of decrease in turnover, of 34.1%, to 82.8 million Euros, with a
36.4% drop of operational incomes, to 75.58 million.

Services revenues
Suppliers services
Staff costs
Loss on impairment of debts receivable
Loss on impairment on non depreciable asset
Other revenues
Other expenses
Profit before depreciation, finance and tax
Depreciation fixed assets
Operating profit
Finance income
Finance costs
Profit before tax
Income tax
Net profit
STATEMENTS OF PROFITS AND LOSS
AT DECEMBER 31 OF 2009, 2010 AND 2011
2011 2010 2009
62.955.545
(45.295.789)
(12.694.790)
(96.742)
-
8.873.524
(2.401.582)
11.340.166
(7.780.887)
3.559.279
316.302
(3.025.811)
849.770
(287.390)
562.380
68.639.378
(44.679.983)
(13.058.738)
(153.317)
-
3.242.849
(1.549.389)
12.440.800
(7.981.832)
4.458.968
149.282
(3.414.762)
1.193.488
(347.513)
845.975
(Amounts expressed in Euros)
36.173.539
(24.234.923)
(10.181.250)
457.203
1.114.695
5.594.806
(4.336.508)
4.587.563
(3.295.865)
1.291.698
548.237
(1.349.725)
490.210
86.244
576.454

Non-current assets
ASSETS
Tangible assets
Investments in associates – equity accounting
Defered tax asset
Current assets
Inventories
Trade receivables
Current tax assets
Shareholders assets
Other receivable
Current deferred assets
Other current financial assets
Assets held for sale
Cash and cah equivalents
TOTAL ASSETS
Total equity
SHAREHOLDERS’ EQUITY AND LIABILITIES
Capital
Other equity
Retained earnings
Net profit
Non-current liabilities
Non current provisions
Long-term financial liabilities
Current liabilities
Trade liabilities
Current tax liabilities
Shareholders liabilities
Short-term financial liabilities
Other current liabilities
Current deferred liabilities
TOTAL EQUITY AND LIABILITIES
BALANCE SHEET
AT DECEMBER 31 OF 2009, 2010 AND 2011
2011 2010 2009
61.670.833
59.582.354
2.019.940
68.539
45.935.313
714.076
13.775.823
526.484
237.324
4.224.089
9.164.333
2.290.940
3.070.957
11.931.287
107.606.146
15.050.173
4.990.000
11.857.105
-2.358.312
562.380
56.207.725
25.000
56.182.725
36.348.248
9.131.780
979.469
0
5.573.136
14.277.395
6.386.468
107.606.146
66.939.390
65.815.453
1.123.937
0
46.040.499
0
11.196.775
142.213
0
6.685.876
9.311.002
641.387
3.070.957
14.992.288
112.979.889
16.710.605
4.990.000
12.710.321
-1.835.692
845.975
61.573.968
25.000
61.548.968
34.695.316
10.078.659
808.947
2.610.322
5.830.200
10.686.022
4.681.167
112.979.889
(Amounts expressed in Euros)
69.522.500
68.140.998
1.381.501
44.659.389
15.483.658
858.101
6.428.327
7.838.732
568.608
-
13.481.962
114.181.888
20.060.749
4.990.000
15.651.560
-1.157.265
576.454
61.397.345
25.000
61.372.345
32.723.794
9.969.307
7.621.419
2.846.046
2.969.703
9.173.318
144.001
114.181.888

EXPENSES
Costs of inventories sold or used in production
External services and supplies
Payroll expenses:
Salaries and wages
Employee benefits
Depreciation of fixed assets
Adjustments
Taxes
Others operating costs
(A)
Losses in subsidiary and affiliated companies
Interest and similar expenses
(C)
Extraordinary expenses
(E)
Income tax
Net profit for the year
(G)
INCOME
Sales and services rendered
Variation in production
Own work capitalized
Operating subsidies
Other operating income
(B)
Gains in subsidiary and affiliated companies
Income from trading securities and other
financial investments
Other interest and similar income
(D)
Extraordinary income
(F)
Operating results: (B)-(A)
Financial results: (D-B)-(C-A)
Current results: (D)-(C)
Income before tax: (F)-(E)
Net profit for the year: (F)-(G)
STATEMENTS OF PROFITS AND LOSS
AT DECEMBER 31 OF 2008
7.283.260,04
3.886.174,96
6.555.149,85
1.345.213,29
55.929,02
19.077,35
7.061.636,21
492.884,99
3.205.033,78
74.672.421,43
2.058,41
8.977.227,52
8.471.013,37
2008 2007
48.617.496,57
11.169.435,00
7.900.363,14
75.006,37
67.762.301,08
7.061.636,21
74.823.937,29
492.884,99
75.316.822,28
3.205.033,78
78.521.856,67
13.600.864,67
92.122.720,73
74.672.421,43
8.979.285,93
83.651.707,36
8.471.013,37
92.122.720,73
6.910.120,35
1.917.649,72
8.827.770,07
16.805.898,45
13.600.864,67
(Amounts expressed in Euros)
50.899.459,04
9.117.512,99
8.163.834,27
179.210,39
68.360.016,69
4.948.602,41
73.308.619,10
1.590.033,91
74.898.653,01
3.950.396,95
78.849.049,96
12.056.986,28
90.906.036,24
82.835.439,35
82.835.439,35
4.527.662,09
87.363.101,44
3.542.934,80
90.906.036,24
14.475.422,66
-420.940,32
14.054.482,34
16.007.383,23
12.056.986,28

ASSETS
Fixed Assets
Intangible assets
Tangible fixed assets
Financial investments
Current Assets
Inventories
Short term debt:
Accounts receivable from customers
Subsidiary companies
Advances to suppliers
State and other public entities
Other debtors
Trading securities
Bank deposits and cash
Unbilled revenues and deferred costs
TOTAL ASSETS
EQUITY AND LIABILITIES
Equity
Capital
Treasury stock – premium
Exchange adjust from financial investments
Not attributed dividends
Other reserves
Legal reserves
Retained earnings
Net Profit for the year
TOTAL EQUITY
LIABILITIES
Provisions for other risks and costs
Short term liabilities
Accounts payable to suppliers
Other loans obtained
Amounts owed by controlling company
State and other public entities
Other creditors
Bank loans
Accrued costs and deferred income
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
BALANCE SHEET
AT DECEMBER 31 OF 2008
AB
64.102399,01
3.366.688,03
67.469.087,04
21.280.807,23
777.279,39
4.879.437,61
26.937.524,23
470.983,49
28.354.384,31
28.825.367,80
7.037.936,13
130.269.915,20
2008 2007
AA
31.323.306,16
1.251.592,13
32.574.898,29
8.346.377,16
8.346.377,16
40.921.275.45
AL
32.779.092,85
2.115.095,90
34.894.188,75
12.934.430,07
777.279,39
4.879.437,61
18.591.147,07
470.983,49
28.354.384,31
28.825.367,80
7.037.936,13
89.348.639,75
AL
36.469.532,01
2.892.421,97
39.361.953,98
11.650.073,92
376.302,98
5.365.293,92
17.391.670,82
1.506.830,09
35.943.116,12
37.449.946,21
7.939.658,08
102.143.229,09
2008 2007
4.990.000,00
-3.500.000,00
-1.503.962,80
5.042.159,73
998.000,00
4.612.609,46
10.638.806,39
13.600.864,67
13.600.864,67
24.239.671,06
25.000,00
42.267.187,42
2.021.052,00
1.759.147,55
2.061.449,24
1.740.072,79
49.873.909,00
15.235.059,69
65.108.968,69
89.348.639,75
(Amounts expressed in Euros)
4.990.000,00
-3.500.000,00
-227.651,42
4.869.573,18
912.217,85
4.131.991,88
11.358.131,49
12.056.986,28
12.056.986,28
23.415.177,77
457.689,24
49.485.544,87
2.068.380,83
561.672,74
125.244,36
52.698.532,04
26.029.579,28
78.728.111,32
102.143.229,09

EXPENSES
Costs of inventories sold or used in production
External services and supplies
Payroll expenses:
Salaries and wages
Employee benefits
Depreciation of fixed assets
Adjustments
Taxes
Others operating costs
(A)
Losses in subsidiary and affiliated companies
Interest and similar expenses
(C)
Extraordinary expenses
(E)
Income tax
Net profit for the year
(G)
INCOME
Sales and services rendered
Variation in production
Own work capitalized
Operating subsidies
Other operating income
(B)
Gains in subsidiary and affiliated companies
Income from trading securities and other
financial investments
Other interest and similar income
(D)
Extraordinary income
(F)
Operating results: (B)-(A)
Financial results: (D-B)-(C-A)
Current results: (D)-(C)
Income before tax: (F)-(E)
Net profit for the year: (F)-(G)
STATEMENTS OF PROFITS AND LOSS
AT DECEMBER 31 OF 2007
6.110.886,08
3.006.626,91
7.296.614,19
867.220,08
170.115,47
9.094,92
4.948.602,41
1.590.396,95
3.950.396,95
82.835.439,35
4.527.662,09
3.542.934,80
2007 2006
50.899.459,04
9.117.512,99
8.163.834,27
179.210,39
68.360.016,69
4.948.602,41
73.308.619,10
1.590.033,91
74.898.653,01
3.950.396,95
78.849.049,96
12.056.986,28
90.906.036,24
82.835.439,35
4.527.662,09
87.363.101,44
3.542.934,80
90.906.036,24
14.475.422,66
-420.940,32
14.054.482,34
16.007.383,23
12.056.986,28
(Amounts expressed in Euros)
102.037.653,20
6.354.721,74
4.833.335,90
155.294,47
113.381.005,31
2.041.608,24
115.422.613,55
81.001,83
115.503.615,55
2.990.734,04
118.494.349,42
10.472.665,31
128.967.014,31
125.742.752,10
125.742.752,10
1.772.596,88
127.515.348,98
1.451.665,75
128.967.014,73
12.361.746,79
-269.011,36
12.092.735,43
13.463.399,35
10.472.665,31

ASSETS
Fixed Assets
Intangible assets
Tangible fixed assets
Financial investments
Current Assets
Inventories
Short term debt:
Accounts receivable from customers
Subsidiary companies
Advances to suppliers
State and other public entities
Other debtors
Trading securities
Bank deposits and cash
Unbilled revenues and deferred costs
TOTAL ASSETS
EQUITY AND LIABILITIES
Equity
Capital
Treasury stock – premium
Exchange adjust from financial investments
Not attributed dividends
Other reserves
Legal reserves
Retained earnings
Net Profit for the year
TOTAL EQUITY
LIABILITIES
Provisions for other risks and costs
Short term liabilities
Accounts payable to suppliers
Other loans obtained
Amounts owed by controlling company
State and other public entities
Other creditors
Bank loans
Accrued costs and deferred income
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES
BALANCE SHEET
AT DECEMBER 31 OF 2007
AB
61.255.188,32
2.892.421,97
64.147.610,29
18.827.112,91
376.302,98
5.365.293,92
24.568.709,81
1.506.830,09
35.943.116,12
37.449.946,21
134.105.924,39
2007 2006
AA
24.785.656,31
24.785.656,31
7.177.038,99
7.177.038,99
31.962.695,30
AL
36.469.532,01
2.892.421,97
39.361.953,98
11.650.073,92
376.302,98
5.365.293,92
17.391.670,82
1.506.830,09
35.943.116,12
37.449.946,21
7.939.658,08
102.143.229,09
AL
40.305.308,22
2.216.441,89
42.521.750,11
17.211.786,11
89.313,14
68.400,23
5.861.234,34
2.329.771,24
23.488.620,07
25.818.391,31
4.127.006,52
95.697.881,76
2007 2006
4.990.000,00
-3.500.000,00
-227.651,42
4.869.573,18
912.217,85
4.131.991,88
11.358.131,49
12.056.986,28
12.056.986,28
23.415.177,77
457.689,24
49.485.544,87
2.068.380,83
561.672,74
125.244,36
52.698.532,04
26.029.579,28
78.728.111,32
102.143.229,09
(Amounts expressed in Euros)
4.990.000,00
-3.500.000,00
-227.651,42
3.554.009,17
388.584,56
2.000.181,99
7.205.124,30
10.472.665,31
10.472.665,31
17.677.789,61
457.689,24
26.266.861,81
383.451,45
2.770.442,97
1.240.638,62
21.518.245,42
52.637.329,51
25.382.762,64
78.020.092,15
95.697.881,76

New Projects
euroAtlantic airways is developing several projects, including negotiations for joint ventures and other
partnerships with international organizations to expand air transport activity in Europe, Africa and
South America.
As of 2008, euroAtlantic airways owns 37% stake in STP Airways - the new São Tomé and Príncipe airline
- and is responsible for its management.
In January 2010, with a B767-300SF, euroAtlantic initiated it’s cargo flights, in a wet-lease operation,
around the world, with a long term agreement with Lan Cargo (Lan Chile Group).
In February 2010, we added to our fleet a B777-200ER and in 2012 added a B737-800 (New
Generation). Also in 2012 euroAtlantic airways signed a long term agreement with Sunwing Airlines (TUI
Group), with weekly flights from Canada to Europe.
At the moment our company is developing other projects in Equatorial Africa and sub-Saharan Africa,
while is always attentive for new opportunities in the market worldwide.
Our new Boeing 737-800 NG (New Generation)

OurServices

WET LEASE
ACMI (Aircraft / Crew / Maintenance / Insurance)
Through euroAtlantic's ACMI - Wet Leasing Services, our
company (the Lessor) will be responsible to provide the
Clients (the Lessee) with an aircraft ready to be used in
accordance with the Customers' specific needs.
euroAtlantic will also be responsible for providing a required
Crew, any related Maintenance costs required to maintain
the aircraft in tip-top condition, as well as for the Aircrafts
Insurance coverage (Hull). All other costs such as fuel,
passenger and/or cargo insurance coverage, passenger
and/or cargo Ground Handling costs (check-in, loading and
off loading costs), over-flight permits costs, catering costs,
airport permit costs, crew accommodation costs, etc, will be
in charge of the Client (Lessee).
DAMP LEASE
Through euroAtlantic's ACMI - Wet Leasing Services, our
company (the Lessor) will be responsible to provide the
Client (the Lessee) with an aircraft ready to be used in
accordance with the Customers' specific needs.
euroAtlantic will also be responsible for providing only the
Cockpit Crew along with a Purser - for security reasons, any
related Maintenance costs required to maintain the aircraft
in tip-top condition, as well as for the Aircrafts Insurance
coverage (Hull). All other costs such as fuel, passenger and/or
cargo insurance coverage, passenger and/or cargo Ground
Handling costs (check-in, loading and off loading costs), overflight
permits costs, catering costs, airport permit costs, crew
accommodation costs, etc, shall be the responsibility of the
Client (Lessee).

DRY LEASE
When Customers do not require any support or crew
services, needing merely an aircraft for only long term lease
(minimum 1-3 years), we may look into the possibility of
negotiating a Dry Lease Agreement.
With euroAtlantic's Dry Lease Agreement, clients will be
responsible for all costs other than costs related to any
major checks and required servicing that the aircraft needs,
such as an engine overhaul, a landing gear overhaul and/or
a D-Check. All other costs such as routine maintenance that
the aircraft requires (this maintenance includes all minor
checks such as A, B and C Checks) and operating costs in
addition to required personnel costs, insurance, as well as
any other measures to keep the aircraft in tip-top condition
shall be the responsibility of Customer.

CHARTER FLIGHTS
With almost 20 years (in 2013) of accumulated knowledge
and experience in the aircraft leasing industry have geared
euroAtlantic Airways into the privileged position to provide
Clients with the most reliable, on time, highest professional
standards of service and cost-efficient charter aircraft
agreements in the aviation charter market segment.
euroAtlantic's Charter Agreement provides the Customer
with an aircraft on a ready to flight basis covering all costs
involved in performing the flights, i.e. Aircraft, Crew,
Maintenance, Insurance, fuel, passenger and/or cargo
Ground Handling (loading and off loading costs), over-flight
permit costs, airport permit costs, catering costs, costs of
hotel accommodation for the crew, and all other operating
costs including liability insurance for the aircraft.
Charter Series
Mundo Vip, Espirito Santo Viagens, Abreu, Terrabrasil,
Halcon, Iberojet, Soltour, ClubVacaciones, Thomas Cook
Belgium, among others.
Since 1997 euroAtlantic has operated full charter contracts
for First Choice, MyTravel, Thomas Cook, Air 2000, Aviajet,
etc.
Since 2001, euroAtlantic airways has operated specialized
VIP flights on behalf of one World Tour Operator and
performed sucessfully 7 tours around the globe. In 2013, our
company will perform another tour around the world with
the same operator.

AD-HOC FLIGHTS
AD-HOC WET LEASE
Since not all flights are done on a regular basis or can be
planned for an extended period of time, euroAtlantic's Air
Leasing Services also gives our Customers the possibility of
Ad-Hoc Leasing.
With our Ad-Hoc Wet Lease, we are able to provide our
clients with aircrafts on an extremely short term lease for
operations requiring specifically the lease of an aircraft for a
small number of flights, usually 2-5 operations.
Although the costs of euroAtlantic's are higher for these
types of leases than are for longer termed contracts,
euroAtlantic still strives to provide the most competitive
rates to help insure the operations success for our clients.
AD-HOC CHARTER
With our Ad-Hoc Charter Service, we are able to provide
our clients with aircrafts on an extremely short term lease
for operations requiring specifically the lease of an aircraft
for a small number of flights, usually 1-2 operations.
Several companies
Vodafone, Oporto Futebol Club, Sport Lisboa e Benfica –
Portuguese Soccer Team, UK Defense Ministry, Home Office
UK MOD.
Various Government and Military contracts from 1997 to
2010 including: The President and Prime-Minister of
Portugal, United Nations, MOD (to Kuwait, Iraq and
Afghanistan), Home Office, US and Australian Immigration
Departments (deportees), and Portuguese, Spanish, English,
French and German Armies.

MAINTENANCE
Our Maintenance has the requirements of EASA Part 145
"Approved Maintenance Organization (AMO) and other
regulations issued by the National Aviation Authority (INAC
- National Institute of Civil Aviation) and the Agency
European Aviation Safety Agency (EASA).
EuroAtlantic Airways is approved for Maintenance with the
number PT.145.027 EASA - Part 145 Maintenance
Organization - approved by the Portuguese authorities.
The doctrine and procedures used are applicable to all
maintenance work performed on aircraft operated by EAA.
The same procedures are followed in the case of carrying
out maintenance work for other operators. These actions
developed by our company seek full compliance with
legislation and national and international regulations, as
well as meeting the customers’ expectations, internal and
external, providing them with aircraft maintenance with
high levels of quality.
CONSULTING
With almost 20 years of experience in the industry,
euroAtlantic's Consulting Services are available to provide
our Customers a wide range of aviation support services.
Our expertise and hands-on knowledge of virtually every
facet involved within the airline industry places us in a
privileged position to provide customized solutions to fit our
clients' needs.

someCLIENTS
“We believe that euroAtlantic’s success
is the reflection of our Clients’ own success.“
Tomaz Metello

Cargo Flights

When Clients Personalize our Aircrafts
With their Brands

EUROPE
Belgium Brussels | Bosnia Sarajevo | Czech Republic Prague Ruzyne |
Croatia Split / Zagreb / Dubrovinic | Cypre Larnaca / Pafos | Denmark Billund
/ Copenhagen Kastrup | Finland Helsinki | France Ajaccio / Bordeaux
Merignac / Clermont - Ferrand Aulnat / Deauville St. Gatien / Dijon Longvic /
Grenoble – Saint Geoir / Hyeres Le Palyvestre / Istre – Le Tubes / Lille /
Lesquin / Lyon Satolas / Marseille Provence / Montpellier / Mulhouse /
Nantes / Nice / Paris Ch. de Gaulle – Le Bourget – Orly / Pau Uzein / Reims –
Champagne / Tarbes Ossun Lourdes / Toulouse Blagnac / Nimes | Germany
Berlim / Schoenefeld / Dortmund Wickede / Frankfurt Main / Hannover
Langenhagen / Koeln-Bonn / Leipzig / Halle / Munique 2 / Munster-
Osnabruck / Nuremberg / Paderborn-Lippstadt / Stuttgard / Rostock | Greece
Athinai / Chania / Souda / Demokritos / Diagoras / Ioannis / Kapodistrias /
Kefalonia Kefallinia / Kos / Mikonos / Nikos / Kazantzakis / Volos / Nea
Anchialos / Zakinthos / Iraklion / Mytilini / Thessaloniki / Rodhes | Hungary
Budapest / Ferihegy / Debrecen | Italy Bergamo - Orio Alserio / Bolonha /
Cagliari Elmas / Catania Fontanarossa / Milano Linate / Milano Malpensa /
Napoli Capodichino / Olbia C. Smeralda / Palermo Punta Raisi / Pescara Liberi
/ Rome Ciampino – Fiumicino / Ronchi Dei Legioneri / Venice Marco Polo /
Verona / Montechiari / Ancona / Rimini / Pisa / Sicily - Trapani | Luxembourg
Luxembourg | Malta Malta Luqa | Moldova Kishinev | Netherlands
Rotterdam / Schiphol Amsterdam | Northern Ireland Connaught / Cork /
Dublin / County Kerry / Shannon | Norway Stavanger / Sola / Trondheim /
Vaernes / Oslo | Poland Cracovia / Warsaw / Katowise | Portugal Faro /
Funchal / Lisboa / Ponta Delgada / Porto / Porto Santo / Madeira / Santa
Flying the Globe Experience Around The World
Maria / Terceira | Republic of Macedonia Skopje | Republic of Ireland
Belfast / Aldergrove | Romania Otopeni - Intl | Russia Moscow Sheremetye |
Spain Alicante / Almeria / Arrecife Lanzarote Barcelona / Bilbao / Caen
Carpiquet / Fuerteventura / Grand Canaria / Ibiza / Jerez De La Frontera /
Madrid / Mahon / Menorca / Malaga / Palma de Maiorca / Reus / Salamanca
Matacan / Santiago / Sevilha / South’s Tenerife / Valencia / Vigo / Zaragoza |
Sweden Stockholm – Arlanda / Goteborg / Landvetter / Lulea / Kallax /
Malmoe / Sturup | Switzerland Zurique / Genéve | Turkey Antalaya / Izmir-
Adnan-menderes / Kayseri / Milas / Bodrum Mugla- Dalaman / Istambul |
Ukraine Kiev Borispol | United Kingdom Birmingham / Bournemouth Intl /
Brize Norton / Bristol / Cardiff / East Midlands / Edinburgh / Exeter / Glasgow
Intl / Leeds E Bredford / Liverpool / London – Gatwick – Heathrow – Luton –
Stansted / Prestwick / Southampton East Leigh / Manchester / Newcastle /
Norwich / Teesside
NORTH AMERICA & PACIFIC
Canada Montreal / Mirabel / Quebec / J. Lesage Intl / Toronto Intl / Halifax /
Calgary | Greenland Sondre Stromford | Hawaii Kona Keahole Intl Airport |
USA Las Vegas Mccarran / Miami Intl / Newark / New York / Orlando Intl –
Florida / Orlando Stanford / Providence / Sawyer Intl Airport / Washington
Dulles / Chicago O’hare / San Francisco / LAX – Los Angeles
CENTRAL / SOUTH AMERICA & CARIBBIAN SEA
Argentina Buenos Aires / Malargue / Ezeiza | Barbados Barbados Adams |
Brazil Foz do Iguaçu / Fortaleza / João Pessoa / Manaus / Natal A. Severo /

porto Seguro / Recife / Guararapes / Rio de Janeiro / São Paulo - Guarulhos /
Salvador - Dois de Sul / São Luíz - Maranhão | Chile Santiago de Chile / Easter
Island | Cuba Camaguey Agramonte / Cayo Largo Del Sur / Habana Intl / Jose
Mar / Varadero / Holguin / Santiago de Cuba | Colombia Bogota / Cartagena
| Costa Rica San José | Dominican Republic La Romana / Puerto Plata /
Punta Cana / Santo Domingo | Dutch Antilles Curacao Intl / St. Marten Intl |
French Antilles Pointe-à-Pitre | Jamaica Montego Bay / Kingston | Mexico
Cancun / City of Mexico Juarez / Ixtapa / Zihuatanejo | Panama City of
Panama | Peru Lima J. Chavez | Porto Rico San Juan | Suriname Paramaribo
| Trinidad & Tobago Trinidad | Uruguay Montevideo Carrasco | Venuzuela
Caracas Maiquetia / Valencia Trinidad
AFRICA
Angola Luanda | Argelia Argel / Houari B. / Annaba El Mellah / Constantine
Boudiaf / Hassi Messaoud / Tlemcen Zenata | Burkina Faso Ouagadougou |
Benin Cotonou / Cardinal de Cadjehoun | Cape Verde Sal - Amilcar Cabral /
Cidade da Praia | Cameroon Douala / Garoua / Yaounde-Nsimalen |
Democratic Republic of the Congo kinsanghani | Egypt Cairo / Luxor / Sharm
El Sheikh / Hurghada / Taba / Marsa-Alam | Gabon Libreville | Gambia Banjul
| Ghana Accra | Guinea-Bissau Bissau / Bipoint | Guinea-Conakry Conakry |
Ivory Coast Abidjan / Yamoussoukro Lybia Tripoli / Mitiga / Sirte / Benghasi |
Liberia Monrivia | Mali Bamako | Marocco Agadir / Al-Massira / Casablanca /
Marraqueche / Ouarzazate / Oujda / Angads / Rabat / Sale | Mauritius Sir
Seewoosagur Intl | Mauritania Nouakchott | Mozambique Maputo |
Namibia Windhoek | Niger Niamey | Nigeria Lagos M. Muhamm / Minna /
Abuja / Kano / Sokoto / Maiduguri / Ilorin / Kaduna | Ruanda Kigali / G.
Kayibanda | Sudan Khartoum | Sao Tome and Principe Sao Tome Island |
Senegal Dakar / Yoff | Sierra Leone Freetown / Lungi | South Africa Cape
Town / Joanesburgo / J. Smuts | Tanzania Zanzibar Kisauni | Tchad
N’Djamena | Togo Lome | Tunisia Djerba - Zarzis /Monastir - Habib Bourg /
Tunis - Cartago / Tozuer / Tabarka | Uganda Entebbe | Zaire Kinshasa / N’Djili
Intl / Kisangani | Zimbabwe Harare
ASIA
Afghanistan Kabul K. Rawash | Azerbaijan Baku - Bina | Bahrain Baharian -
Intl | Bangladesh Dhaka | China Macau / Beijing / Shangai | India Calcuta /
Ahmedabad / Delhi Gandhi / Hyderabad–Begumpet / Jaipur Sanganeer /
Mumbai | Indonesia Denpasar Bali | Iraq Basra Intl | Israel Tel Aviv / Bem
Gurion | Japan Fukuoka / Haneda / Narita / N’Goia | Jordan Aqba | Kuwait Al
kuwait | Malaysia Marudi | Maldives Malé Intl - Hulule | Nepal Kathmandu
Tribhuvan | Oman Seeb Intl Muscat | Pakistan Karachi / Islamabad / Lahore /
Peshawara | Singapore Changi | Saudi Arabia Jeddah / Madinnah | South
Korea Seul - Incheon Intl | Syria Damascus | Thailand Chiang Mai / Bangkok |
United Arabs Emirates Abu Dhabi / Dubai Intl / Al Ayn | Vietnam Hanoi Noi
Bai Intl
OCEANIA
Australia Canberra / Sydney / Adelaide / Perth / Christmas island | French
Polynesia Papeete | New Zealand Wellington / Oakland / Chrischurch |
Papua New Guinea Port Moresby
Between 1998 and January 2012, our compant landed in 534 different aeroports
and in the total of 194 countrys around the world, we flown to 164!

Subsidiary ENTERPRISES
In addition to euroAtlantic airways, the group owns the following brands:

WE ALWAYS BELIEVE IN OUR TEAM!
Europe’s 500 is the European organization and networking platform for growth companies and their
entrepreneurs.
Since 1996 Europe’s 500 has been selecting and publishing the list of the top growth companies in Europe
and organizes its annual conference “The European Growth Summit” for the European growth
entrepreneurs, and has been awarding them for their outstanding achievements in generating sustainable
growth and jobs. Since 2009 Dun & Bradstreet has supported Europe's 500 with creating the list of the top
500 growth companies in Europe. But every growth company that meets Europe’s 500 criteria is invited to
register for the ranking.
To be considered for the 2009 Europe’s 500 Listing, companies must match the following criteria:
Independence (The Company is not part – subsidiary - of another Group that owns an equity share of more
than 50% of the company), Growth in turnover and employment (The Company must demonstrate at least
30% growth in both turnover and employment between 31. December 2005 till 31. December 2007 (the
reference period), Size (The company must have a minimum of 50 employees at the beginning of the
reference period. (31. December 2005) and Age (Companies founded after December 2005 will not be
considered).
This year we are proud to be part of this list and on February the 3rd, 2011, we participated in the
European Growth Summit & Europe´s 500 Award Ceremony at the European Parliament in Brussels, in
which the results and all top growth companies were presented. Our place in the list? 129!
For more information visit
www.europes500.eu/europes500-list.html

Contact us 24/7
“ANYTIME, ANYWHERE”
Commercial Department
email : commercial@euroatlantic.pt
phone: +351 21 924 73 15 up to 24
fax: +351 21 924 73 91
H24 +351 91 724 96 71
Marketing Department
email: marketing@euroatlantic.pt
phone: +351 21 924 73 28
fax: +351 21 924 73 91
Airport - Handling & Catering Department
email: handling@euroatlantic.pt
phone: +351 21 844 47 43
fax: +351 21 844 47 39
H24 +351 21 844 44 34
Finance Department
email: finance@euroatlantic.pt
email H24: finance24@euroatlantic.pt
phone: +351 21 924 73 00
fax: +351 21 924 73 93
H24: +351 91 724 96 65
Cargo Department
email: commercial@euroatlantic.pt
phone: +351 21 924 73 20
fax: +351 21 924 73 90
Flight Dispatch / Airport
email: dispatch@euroatlantic.pt
phone: +351 21 844 47 31
fax: +351 21 844 47 39
H24 +351 91 866 09 83
Customer Services
email: customerservices@euroatlantic.pt
phone: +351 21 924 73 28
fax: +351 21 924 73 90
Flight & Ground Operations
email: paulo.pinheiro@euroatlantic.pt
phone: +351 21 924 73 69
fax: +351 21 924 73 92
Security Department
email: enascimento@euroatlantic.pt
phone: +351 21 924 58
fax: +351 21 924 73 90
Cabin Crew Department
email: sofia.goncalves@euroatlantic.pt
phone: +351 21 924 73 74
fax: +351 21 924 73 90
Chief Pilot
email: chiefpilot@euroatlantic.pt
phone: +351 21 924 73 66 /
fax: +351 21 924 73 92
H24 +351 91 754 04 70
Public Relations Department
email: caetano.pestana@euroatlantic.pt
phone: +351 21 924 73 60
fax: +351 21 924 73 90
Maintenance Department
email: maintenance@euroatlantic.pt
phone: +351 21 949 90 00
fax: +351 21 949 90 59
H24 +351 91 226 37 35
Rosters Department
email: rosters@euroatlantic.pt
email 24h: rosters24@euroatlantic.pt
phone: +351 21 924 73 68
fax: +351 21 924 73 90
H24 +351 91 732 41 26
Human Resources Department
email: ana.santos@euroatlantic.pt
phone: +351 21 924 73 30
fax: +351 21 924 73 90
Legal Department
email: renata.dias@euroatlantic.pt
Email: margarisa.correia@euroatlamtic.pt
phone: +351 21 924 73 31 / 32
fax: +351 21 924 73 90
Quality Department
email: quality@euroatlantic.pt
phone: +351 21 949 90 40
fax: +351 21 949 90 59
Training Department
email: training@euroatlantic.pt
phone: +351 21 924 73 57
fax: +351 21 924 73 90
Cabin Crew Training Department
email: teresa.nunes@euroatlantic.pt
phone: +351 21 924 73 73
fax: +351 21 924 73 90
PRESS ROOM
http://www.euroatlantic.pt/html/en_quem_press.asp
euroAtlantic airways / Marketing Department 2012©TODOS OS DIREITOS RESERVADOS
The statements contained herein are for general information purposes only. These statements do not constitute an offer, promise, warranty or guarantee
of performance. This document should not be used or relied upon for any purpose other than that intended by euroAtlantic Airways and Boeing .
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