Category Archives: Aegean Airlines

Athens joins Air Italy network thanks to a new agreement with Aegean Airlines

Air Italy has made this announcement:

Starting on July 10, 2019, Air Italy has added Athens as a new destination to its network, thanks to the signing of a new Special Prorate Agreement with Aegean Airlines.

Air Italy passengers traveling from the four US destinations – Los Angeles, San Francisco, Miami and New York – and from Toronto can now easily reach the Greek capital via Air Italy’s Milan Malpensa hub, continuing with flights directly to Athens on Aegean Airlines.

In addition, all Air Italy customers departing from the main airports of central and southern Italy, such as Rome, Naples, Palermo, Catania, Lamezia Terme, Cagliari and Olbia will now have the opportunity to fly Athens via Malpensa.

 

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Aegean Airlines to launch 8 new routes

Aegean Airlines Airbus A321-231 SX-DGA (msn 3878) ZRH (Rolf Wallner). Image: 945736.

Aegean Airlines 2019 flight schedule envisages increased capacity with additional frequencies and new routes. Investment is directed on both network expansion and the extension of the tourism season.

Specifically, in 2019 Aegean plans to increase the capacity of its international network by 700,000 thousand seats, reaching a total of 10.3 million seats in the international network and 17.7m seats in total, including the domestic network. Increased capacity is offered throughout the year, with the growth stemming mainly from the increase during the winter months as well as at the beginning and at the end of the summer season (i.e. April, May and October).

In 2019, Aegean plans to launch new routes from Athens to Marrakech, Casablanca, Ibiza, Valencia, Sarajevo, Tunis, Skopje, and from Thessaloniki to Hannover.

Aegean will increase frequency and capacity to key Western European markets, from Athens to Munich, Düsseldorf, Berlin, Hamburg, Zurich, Vienna, Madrid, Barcelona, Lisbon and Porto. The increase in the capacity will also come from the initiation of several seasonal routes either earlier in the year or through increased frequencies to Luxembourg, Malta, Venice, Bologna, Naples, Catania and Malaga. In addition, increased capacity will also be offered to Balkans and Eastern Europe.

Aegean’s fleet consists of 37 Airbus A320s, 11 Airbus A321s, 1 Airbus A319s, 2 DHC-8-100s, 8 DHC-8-402s (Q400s) and 2 ATR 42-600s.

Top Copyright Photo (all others by the airline): Aegean Airlines Airbus A321-231 SX-DGA (msn 3878) ZRH (Rolf Wallner). Image: 945736.

Aegean aircraft slide show:

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Aegean to suspend flights to Tehran

Aegean Airlines Airbus A320-232 WL SX-DGZ (msn 6643) AMS (Ton Jochems). Image: 940937.

Aegean Airlines has made this announcement:

Aegean Airlines has announced the suspension of flights to/from Tehran, effective from October 11, 2018, until further notice. The company is forced to temporarily discontinue this route due to foreign exchange bank restrictions that affect its viability.

Aegean would like to inform its passengers that the company will grant a full refund for tickets issued to/from Tehran.

Copyright Photo (all others Aegean): Aegean Airlines Airbus A320-232 WL SX-DGZ (msn 6643) AMS (Ton Jochems). Image: 940937.

Aegean Airlines aircraft slide show:

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Aegean Airlines firms up order for 30 Airbus A320neo Family aircraft

Aegean Airlines Airbus A320-232 SX-DGL (msn 3812) TLS (Paul Bannwarth). Image: 942512.

Aegean Airlines has firmed up an order for the purchase of 30 Airbus A320neo Family aircraft at a ceremony in Athens.

The purchase agreement, comprising 10 A321neos and 20 A320neos (below), was signed by Aegean Chairman Eftichios Vassilakis and Airbus Chief Executive Officer Tom Enders.

It follows an earlier Memorandum of Understanding signed in March 2018.

Currently, Aegean operates a fleet of 49 Airbus aircraft (37 A320s, 11 A321s and 1 A319).

Top Copyright Photo (all images by Airbus and Aegean): Aegean Airlines Airbus A320-232 SX-DGL (msn 3812) TLS (Paul Bannwarth). Image: 942512.

Aegean Airlines aircraft slide show:

Aegean commits to 30 Airbus A320neo Family aircraft

Aegean ‎Airlines, the biggest airline in Greece, has signed a memorandum of understanding (MOU) with Airbus to purchase 30 A320neo Family aircraft, comprising 20 A320neos and 10 A321neos. The airline will also acquire a significant number of new A320neo family aircraft from leasing companies.

Aegean currently operates a fleet of 46 Airbus aircraft (37 A320s, 8 A321s and 1 A319).

The A320neo Family incorporates the very latest technologies including new generation engines and Sharklets, which together deliver at least 15 percent fuel savings at delivery and 20 percent by 2020. With some 6,000 orders received from nearly 100 customers, the A320neo Family has captured some 60 percent share of the market.

The A321 is the largest member of the A320 Family and seats between 185 and 240 passengers, depending on cabin configuration. Incorporating the latest engines, aerodynamic advances and cabin innovations, the A321neo can fly up to 4,000 nautical miles (7,400 kilometres) non-stop – further than any other single-aisle airliner.

Image: Airbus.

Aegean Airlines aircraft slide show:

Aegean Airlines announces a major expansion in Cyprus

Aegean Airlines (Athens), in the wake of the demise of Cyprus Airways (Larnaca), has announced it is filling the void with a major Cyprus expansion. The airline issued this statement:

Aegean Airlines presented its plan for the dynamic growth of its presence in Cyprus and a more effective support of passengers’ needs.

After its 10 years operation in Cyprus and four years after creating its aircraft base in Larnaca, Aegean is taking a new step forward. As of March 30, 2015 – the beginning of the summer schedule – Aegean will base four Airbus A320 aircraft in Cyprus, while the number of destinations connected directly with Cyprus will increase to 14. The total yearly capacity will exceed 1.5 million seats. The company aims to support this venture with additional human resources from Cyprus at the earliest opportunity.

More specifically, with the company’s summer schedule as of April 2015, the connection between Greece and Cyprus is boosted with more frequent flights to Athens and Thessaloniki, and the introduction of a direct flight between Athens and Paphos. The new summer schedule also includes direct connections with Heraklion and Rhodes, while direct connections with Myconos and Santorini will be added in July and August. Eight to nine direct flights with destinations in Greece will depart daily.

The company’s planning focuses on the direct connection of Cyprus with Western Europe and therefore five important destinations are added: London – Heathrow, Paris, Munich, Rome and Milan.

Additionally, when the traffic rights procedures are completed, Aegean will offer flights to Israel, Kiev and Beirut.

Copyright Photo: Stefan Sjogren/AirlinersGallery.com. Airbus A320-232 SX-DVL (msn 3423) approaches the runway at Stockholm (Arlanda).

Aegean Airlines aircraft slide show:

Aegean Airlines Group reports strong passenger growth and an increased profit of $96.5 million for the first 9 months

Aegean Airlines Group (Aegean Airlines and Olympic Air) (Athens) reported its net profit for the first nine months increased 33 percent to €78.6 million ($96.5 million).

The airline group issued this statement:

Aegean Airlines Group reported a strong set of nine month 2014 results, driven by successful network expansion and Olympic Air synergies. Consolidated revenue increased by 10% to €736 million, pre-tax earnings improved to €105.4 million from €75.9 million while net earnings rose by 31% to €78.6 million from €60 million in 2013.

Αegean Airlines and Olympic Air carried 7.9 million passengers in the 9-month period to September 2014, an increase of 14% compared to 2013 with load factor at 79%. Traffic in the domestic network increased by 16% with the market showing good elasticity to lower fares. International traffic rose by 12%, with traffic out of Athens registering a higher growth rate of 18% on the back of Aegean’s network expansion and a strong rebound for the city’s incoming tourism.

Operating cash flow improved to €124 million, resulting to cash & short term investments rising to €264m at the end of September, despite the share capital return which took place in July 2014 as well as pre-delivery payments to Airbus in relation to the recently announced aircraft order.

Mr. Dimitris Gerogiannis, Managing Director, commented:

“We have managed to deliver improved commercial and financial results, driven by synergies from Olympic Air integration, network optimization targeting improved connectivity as well higher tourist flows. Our expansion strategy has yielded positive results in a period of intensifying competition and despite traffic weakness demonstrated from the Russian market.

We will continue to invest in growing our fleet and capacity for 2015, adding destinations and penetrating new source markets for Greek tourism. Our key priorities involve continuous investments in growing our network, achieving scale economies as well as focusing on new service offerings to our passengers within a fast changing competitive environment that does offer however significant opportunities to grow further.”

Copyright Photo: Antony J. Best/AirlinersGallery.com. Olympic Air is gradually being integrated into Aegean. Olympic Air now just operates aircraft of one manufacturer, Bombardier, under its brand, essentially now a regional feeder airline for Aegean Airlines. Former Flybe Bombardier DHC-8-402 (Q400) G-JECV (msn 4148) is now SX-BIT with Olympic Air.

Aegean Airlines aircraft slide show: