White Eagle Aviation WEA S.A.

Assessment with 5A System: CCNNN

Place on the List of aviation sector: 46

Place on the 500’2009 List: not listed

www.whiteeagle.com.pl

Established in: 1998

Company size: medium

Address: 02–675 Warszawa, 18 Wołoska Str.Zobacz na mapie

Voivodship: Mazovian

Type of business: air transport

Description of business activity: The company WHITE EAGLE AVIATION WEA S.A. is a Polish airline which is specialized in the charter flights and cargo services. The WEA basic airport is the Warszawa-Okęcie airport. The airlines were established in 1992 and the regulars connections were commissioned in 1993. Two years later the airline moved its base to the Okęcie airport and initiated the regular flights for the United Parcel Service. Now the main job of the White Eagle Aviation is air transport (also at the territory of Great Britain), organization of charter flights and cargo transport.

Shareholders:: Katarzyna Frank-Niemczycka – 51,57%, TUI AG – 29,3%, Zbigniew Niemczycki – 19,13%

Financial data (thousand PLN)
2004 2005 2006 2007 2008 2009
Net revenues from sales 33 358 31 115 52 544 39 625 12 612 1 636
Net financial result
(profit/loss)
1 131 372 3 498 -11 406 -10 712 8 214
Capitalized value of R&D expenses
Intangible assets 6
Total assets 36 142 24 594 19 221 13 370 8 698 1 918
Equity -7 466 -4 983 -1 484 -12 891 -20 252 -13 750

Description of innovative activity: According to the 5A System, the company level of market and process innovation is highly rated. The company assessment with 5A System is CCNNN.

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