Tag Archives: Aegean Airlines

Aegean Airlines loses $23 million in the first quarter

Aegean Airlines (Athens) continues to lose money. The company reported a loss of $23 million in the first quarter.

Copyright Photo: Richard Vandervord.

The EU rejects the Aegean-Olympic merger

Aegean Airlines (Athens) and Olympic Air (3rd) (Athens) have been rejected by the European Union regulator in their merger bid. The regulator called the bid “anti-competitive” for Greece.

Read the full story from Bloomberg Businessweek:

CLICK HERE

Copyright Photo: Pedro Pics. Please click on the photo for the background information.

Aegean Airlines and Continental Airlines to code share

Aegean Airlines (Athens) and its Star Alliance partner Continental Airlines (Houston) today (August 23) announced plans to start code sharing on Continental’s flights between its New York hub at Newark Liberty International Airport and Athens, as well as on selected flights operated by Aegean Airlines in Europe.

Effective August 23, 2010, Continental will place its “CO” code on selected Aegean Airlines-operated flights between Athens and six leading holiday destinations in Greece (Thessaloniki, Heraklion, Rhodes, Mykonos, Santorini, Chania) and between Athens and Larnaca, Cyprus. At a future date to be determined, Continental will also codeshare on Aegean flights between Athens and London/Heathrow, United Kingdom, and Munich and Frankfurt, Germany. Pending government approval, Continental will also codeshare on Aegean flights between Athens and Paris/Charles de Gaulle, France, and Rome/Fiumicino, Italy.

Also effective August 23, 2010, Aegean Airlines will place its “A3” code on Continental’s flights between New York/Newark and Athens. Pending government approval, Aegean will also codeshare on Continental flights from New York/Newark to Paris/Charles de Gaulle and to Rome/Fiumicino.

On the financial side, Aegean reported a first half loss of $42 million.

Copyright Photo: Pedro Pics. Airbus A320-232 SX-DVI (msn 3074) of Aegean Airlines is pictured at London (Stansted).

Aegean Airlines joins the Star Alliance

Aegean Airlines (Athens) yesterday (June 30) joined the Star Alliance in a special ceremony at Athens as the 28th member.

Aegean Airlines is the largest Greek carrier, carrying 6.6 million passengers in 2009, an increase of 10% over 2008. After taking delivery of 22 new Airbus A320/321s, the company operates a fleet of 30 aircraft.

Read the press release:

CLICK HERE

Copyright Photo: Pedro Pics. Airbus A320-232 SX-DVI (msn 3074) poses for the camera on the ramp at London (Stansted).

Aegean Airlines swings to a $31.4 million first quarter loss

Aegean Airlines (Athens) reported a net loss of $31.4 million in the first quarter.

Press release:

CLICK HERE

Copyright Photo: Pedro Pics. Aegean’s Airbus A320-232 SX-DVI (msn 3074) visits Stansted Airport near London.

Olympic Air (3rd) and Aegean Airlines agree to merge

Please click on the AG icon for a direct link to the Aegean photo gallery.

Aegean Airlines (Athens)ย and recently privatized Olympic Air (3rd) (Athens) agreed to merge to form a stronger airline better able to compete against foreign airlines. The Olympic name and logo will be retained for the new entity after a transition period where both carriers will operate separately.

In related news Aegean Airlines has retired its last Boeing 737.

News link:

www.reuters.com/article/idUSLDE61L0TX20100222

Aegean Airlines adds “Discover the new Acropolis museum” titles and image to A320-232 SX-DVU

SX-DVU A320 Aegean closeup, originally uploaded by maarten-sr.

Aegean Airlines (Athens) in late November added these promotional titles and images to its Airbus A320-232 SX-DVU (msn 3753) to help promote the new Acropolis Museum.

Copyright Photo: Maarten Visser.

Aegean Airlines to join the Star Alliance

Aegean Airlines (Athens) will join the Star Alliance. The company will soon start the integration process which is expected to take around 12 months. Aegean is expected to become the 26th member.

Aegean and Olympic facing a day of strikes

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Please click on photo for full view and caption.

Please click on photo for full view and caption.

Aegean Airlines (Athens) and Olympic Airlines (Athens) today are facing a long day of country-wide general strikes in Greece including the air traffic controllers. Aegean has already cancelled 50 flights and Olympic has cancelled 140 flights. The workers are protesting low wages and job cuts.

Olympic Airlines to be sold to Marfin

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Please click on photo for full view and caption.

Please click on photo for full view and caption.

Olympic Airlines (Athens) will be sold to the Marfin Investment Group despite a higher bid by Aegean Airlines (Athens). The government of Greece rejected the Aegean bid and is now finalizing the deal with Marfin.