20 MAY 2019
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Fears over the future of Humberside-based Eastern Airways (see BTN 29 April) have been eroded with the news that the airline has been purchased by previous major shareholder Richard Lake.
This follows the news that Texas-based Bristow Group, which initially acquired 60% of the carrier in 2014, has filed for Chapter 11 bankruptcy in the US.
Eastern operates under its own IATA T3 code and also on behalf of Flybe, employing around 350 staff.
While no official press release has been published, Eastern managing director Tony Burgess told the Aberdeen Press & Journal: “Back as an independent operator, we will focus on opportunities to enhance and grow this business.
“We will continue to work in close partnership with Bristow in the UK providing fixed-wing operations to support the North Sea oil and gas sector.”
As things stand Bristow, has retained a majority stake in Eastern’s Humberside Airport home, from which it provides search and rescue services.
The airline is a vital part of the North Sea oil support operations and last year carried just over 400,000 passengers. Its fleet of 20 aircraft includes a pair of ATR 72-600s, 10 BAe J41s, two Embraer 145s and six Saab 2000s.
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