Portuguese wet-leasing and charter company euroAtlantic Airways (EAA) has appointed Stewart Higginson as CEO and chair, as the company is set to receive further funding from Njord I-Jet Aviation (which owns a controlling interest).
“We are excited about the future prospects of well capitalized EAA under new leadership,” commented Jakob Kjellberg, co-founder and co-portfolio manager at Njord Partners (which wholly owns Njord I-Jet). “The Company couldn’t have anyone better than Stewart and the team to lead it through its ongoing transformation and deliver high quality, cost effective and flexible services”.
Higginson has been an operating partner with Njord Partners since 2015, during which time he has held a number of key leadership and board roles. He explained he was “delighted” to be joining euroAtlantic, where he looks forward to working with the new management team to “drive the next phase of euroAtlantic’s growth and deliver a world-class ACMI and charter solution business”. Mário Alvim, Lourenço Gomes and João Nunes have also been appointed to the board, bringing more than 40 collective years of experience at EAA to the company.
Management changes and new capital injection for euroAtlantic Airways
