2018
Founding of the company
Euro Sky Airlines
Euro Sky is a European full service, low cost airline based in Malta. Starting operation in 2021, the airline will offer scheduled flights from France, Switzerland and Germany to Beirut and back.
Highlights
Rapid Revenue Growth Plans
Euro Sky Airlines plans an ambitious, fivefold growth: from 30+ MEUR in 2022 to 150+ MEUR in 2025.Fast ROI for Investors
Investors can expect to break even after the first year, at a 3% annual net profit rate.Expansion to New Markets
Euro Sky will initially serve the routes between Lyon, Marseille, Berlin, Düsseldorf, Hamburg and Zürich to Beirut. More routes will be added from Europe to Beirut and from Europe to West Africa.Services
Low Cost Travel Service
From Zürich, Berlin, Düsseldorf, Hamburg, Lyon and Marseille to Beirut and back, the airline’s goal is to connect Europe with the Middle East via low cost direct flights.
Ideal for VFR (Visiting Friends and Relatives) Travelers
There are 14 million Lebanese living outside Lebanon, whose population is only 4 million. Lebanese expats are known for visiting their friends and family at least once a year. Euro Sky Airlines plans to close the gap in this underserved market with an affordable travel service.Facts
| Status | Start of operation in 2021 |
| Highlights | Expected: 1-year break even - 3% annual net profit rate |
| Headquarters | Ta' Xbiex, Malta |
| Industry | Aviation, Air Travel |
| Major Customers | VFR (Visiting Friends and Relatives) travelers, business travelers |
| Major Markets | Europe, Middle East |
| Year Founded | 2018 |
| Employees | 40+ |
| Revenue | +$28M (2021) Expected |
| Website | www.euroskyair.com |
Markets & Customers
Euro Sky Airlines chooses to operate in underserved markets in which its parent business group, SAFICO Holding, possesses substantial prior experience and presence. The airline’s chosen primary markets are Europe and the Middle East, with plans to introduce new routes to West Africa in the first five years of operation.
Air Travel Industry’s Potential
For the past 10 years, the air travel industry has been recording triple-digit growth numbers in air passenger traffic (measured by revenue passenger kilometers, RPK). A similar growth trend is foreseen to continue for the next 20 years.
Our estimated market size for passengers traveling from Europe to Beirut is over 2 million passengers per year. Euro Sky Airlines focuses on passengers traveling from France, Germany, and Switzerland, the three countries which send more than 50% of the said traffic.
History
2019
Maiden flight
2022
Start of operations
Invest in Success
By investing in SAFICO Holding, Euro Sky Airlines’ parent company, you’re investing in a growing, carefully diversified portfolio of profitable and promising companies, supervised by SAFICO’s strong management team.
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