Milestones

From the start, Elysair was an innovative concept. At its origin: Frantz Yvelin. His idea: travel better while spending less, thus creating a new flight travel standard to and from France.
The project became reality with the joining of Christophe Bejach (President of the Board of Directors) and Marc Rochet (Chief Executive Officer), who bring to the venture their recognized professionalism in the world of finance and air transportation.

BACKGROUND OF ELYSAIR

The major stages:

January 2002

Back from a long-distance flight, Frantz Yvelin, a young engineer with a passion for aviation, asks himself a very simple question: “Why isn’t there a ‘Low Fares/Long Haul/Full Business Class’ Airline?”

April 2002

After mutual reflections on the viability of such a project with Alain Guedj (now Finance Director of Elysair), Christophe Viricelle (Attaché to the Director of Flight Operations) and professionals from the field of commercial aviation (among them the former Head of Civil Aviation, Michel Scheller), Frantz Yvelin decides to pursue the plan more concretely. The objective: to offer a transatlantic airline with All-Business-Class seating at a very competitive rate.

February 2003

Frantz creates the basis for« Elysair ». A business plan takes shape, the reading of a genuinely innovative concept. “Elysair” is born!

December 2003

The knowledgeable advice of respected financier Christophe Bejach, seduced by the plan, permits a reconfiguration of the concept. A feasibility study is launched. The file starts to circulate among bankers and investors.

July 2005

Picking the right Manager was crucial. Marc Rochet, one of the top executives of commercial aviation, agrees to join in the preparatory work for the presentation to be staged for future investors.

December 2005

The first financing agreements are signed.

February 2006

Presentation of the Elysair project to the Superior Council of Commercial Aviation (CSAM), followed by a favorable opinion on the part of the General Management of the Civil Aviation and the Ministry of Transportation.

May 2006

The lease contract for the first plane, a Boeing 757-200, is signed with a subsidiary of the Lufthansa group.

July 2006

All parties concerned have made their contribution. Elysair becomes a SAS (simplified joint stock company) capitalized at US$32 million.

September 2006

Elysair establishes its official business location at Orly and is allocated its first slots by COHOR (French Airport Coordination) to connect New York-Newark from Paris-Orly six times weekly.

October 2006

The management team is in place and launches supplementary recruitment drives.

November 2006

On the 8th of this month Elysair takes possession of its first plane.


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