Entrepreneur Seymour takes over Euromanx

London
Source:
This story is sourced from Pro
See more Pro news »

Isle of Man-based regional carrier Euromanx has been acquired by a group of private investors headed by aviation entrepreneur Warren Seymour, presently the chief of executive jet operator Club328.

Euromanx was fully-owned by founder Alan Keen and his wife but was taken over by Seymour and a team of private investors for an undisclosed sum on 9 September.

The airline, which was established just over two years ago, offers regional links between the Isle of Man and Dublin, Glasgow, Liverpool and London Stansted. It operates a fleet of four leased aircraft, comprising two Raytheon Beech 1900Ds and a pair of ATR 42s.

Euromanx chairman Alan Keen says: “Our new ownership puts us on a solid financial footing to further develop our business and it also secures the position of our dedicated employees.”

Seymour, who led the acquisition, heads Southampton-based Club328 – previously known as Bookajet. He was formerly involved with Australian regional carrier National Jet Systems (NJS) and now-defunct British Airways franchise airline National Jet Italia (NJI).

He says: “We were attracted to Euromanx because it is a well-run niche operation which fits our business strategy. We look forward to consolidating its position as a leading operator in the Isle of Man and, at the same time, looking at fresh opportunities.”

The company will be totally autonomous from Club328, although Seymour will provide operational support for Euromanx, working alongside the carrier’s existing management team.

Euromanx employs a 70-strong workforce and carries around 16,000 passengers per month.