The Madrid-based group, Euroairlines, has an AOC and big plans, but no aircraft of its own. Instead, it uses the capacity of partner companies such as World2Fly or SATA Azores Airlines. It is already active in the passenger sector and will also set its footprint in air freight.
Soon, shipping parcels and boxes will complement Euroairlines’ activities focused on passenger services, announces management without delivering specifics. All what’s currently known is that the company’s new air freight strategy resembles that of the former Dusseldorf-based cargo broker, Leisure Cargo. The Air Berlin subsidiary successfully marketed the bellies of dozens of passenger airlines and was taken over by logistics player, Zeitfracht, after parent Air Berlin became bankrupt. Euroairlines’ concept is similar.
The company’s services specialize in turnkey cargo sales and service concepts. It offers its customers personalized cargo management capabilities, including sales, ground handling and road feeder services, all supported by a broad GSA network with access to the capacities of a wide range of international and regional airlines serving key destinations in Europe and The Americas, as well as some parts of Asia.
On way to profitability?
“Our solutions help airlines reach previously unreachable markets and customers, and enable agencies to access new routes, more competitive fares, and greater variety and quality in the options offered to their customers (including benefits such as additional baggage and onboard services),” reads a statement. And a company release specifies: “In an industry where connections mean everything, we are the bridge that enables airlines and agencies to maximize their business opportunities.” The company has access to the lower deck capacity of roughly a dozen airlines, cooperates with 200 interline partners and offers flights to 300+ destinations. Incepted in 2000, Euroairlines has grown steadily and runs offices in Bogotá, Buenos Aires, Cancún, Lima, Mexico City, Miami, New York, Santiago de Chile and Sao Paulo. Plagued by red figures, in 2024, the Group optimized its commercial strategy and diversified its service offerings. A capital increase, upping the player’s equity, will help achieve break-even. This is expected to happen in the second half of this year, predicts management in a release.
Avianca appoints Diogo
Over in Colombia, Avianca Cargo announced the appointment of Diogo Elias as CEO of the Latin American freight carrier. In his former role as Senior Vice President, he and his team (including Chief Operating Officer, Gabriel Oliva), have solidified the company’s status as one of the region’s leading air cargo carriers. Under his tenure, Avianca Cargo has consistently fine-tuned its service portfolio, expanded the network, and developed strategic markets such as the United States. Following its successful emergence from post-pandemic Chapter 11 proceedings, it reduced the number of time-consuming triangular flights and turned to point-to-point routes instead. Diogo Elias has over 20 years of experience in strategic, leadership, and commercial roles, as well as a strong academic background in Business and Operations Management, including an MBA from the University of Michigan.
