Founded as Air Zarco on 25 August 1993, the company adopted the trade name Air Madeira until 17 May 2000, when the Memorandum of Association was altered by deed, and the name of EuroAtlantic Airways – Transportes Aéreos S.A. was adopted. EuroAtlantic also took over the corporate design from Air Zarco which is still used today. The airline is owned by Quanlux (Luxembourg) (45%), Tomaz Julio Teixeira Metello (25%), Anglotel (Luxembourg) (20%) and Danielle Chadrin Metello (10%) and had 239 employees at March 2007. EuroAtlantic also owns 38% of the national airline of São Tomé and Príncipe, STP Airways. EAA is authorized to perform line maintenance services up to A Checks to third parties at Lisbon airport according the 8th category of Ramp Assistance Licence, rules 8.1 / 8.2 / 8.3 and 8.4. EAA approval PT.145.027 allow to perform line maintenance on B737-800 (CFM56), B767-300 (PW4060 and CF6-80) and B777-200 (RB211-Trent 884) aircrafts. Also EAA approval PT.MG.017 hold Subpart I privileges on B737NG, B767 and B777 aircrafts. 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. Since 11 November 2014 EAA is authorized to conduct international air transport by the Australian Government with the number 1-13A4NU-01 (only for B767 CS-TRW). O.A.A.G.C. (Office d’Assurances Aeriennes G. de Cugnac) Insurance Broker with Catlin France SAS as leading underwriter, provided insurance cover for euroAtlantic operational activity.
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.
Since 2014 euroAtlantic airways also operates a single scheduled route between Lisbon and Bissau on its own behalf.