A group of private investors from South East Asia and Germany invests, through the investment vehicle Agathis 5 Ltd., in European Coastal Airlines. After a successfully completed growth capital round, the Croatian airline is able to start flight operations by June 2014. Network Corporate Finance has advised the company in connection with the transaction.
|Industry:||Services & Leisure|
The Malaysian-German private investment group Agathis 5 invests a high seven digit EUR amount in European Coastal Airlines (ECA), a new European airline that is based in Split, Croatia. The successfully completed financing round enables ECA to start flight operations by June 2014 and to cover all relevant destinations along the Croatian Adriatic Coast. ECA intends to grow beyond the borders of Croatia by further expanding into other Mediterranean markets and to continuously extend its network of air routes.
In the course of this international transaction Network Corporate Finance was able to successfully take advantage of its long-term cooperation with the Malaysian ZJ Advisory Group.
European Coastal Airlines (ECA) is Europe's first seaplane airline that operates under German Management and is based in Split, Croatia. With the destinations Split, Hvar, Lastovo, Dubrovnik, Zadar, Rijeka, Rab, Pula and Zagreb, ECA will offer a new level of comfort in passenger transportation to and from major holiday destinations in Croatia being one of the booming tourist destinations in Europe. Furthermore, the company will make a significant contribution to the infrastructure enlargement in Croatia
Agathis 5 is part of a renowned Malaysian private investment group which has broad experience within the European market.
For additional information on ECA: