Tag Archives: SX-DVI

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).

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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.

Aegean makes a surprise bid for Olympic

 

Please click on photo for full view and caption.

Please click on photo for full view and caption.

Aegean Airlines (Athens) has made a surprise last-minute bid for state-owned Olympic Airlines (Athens).  Aegean presented a bid of $113 million for the OA’s operations and $25 million for the ATH base.  This new bid outbids the prevailing single bid by the Marfin Investment Group.  Aegean also bid $75 million for the new Pantheon Airways set up as a paper airline by the government of Greece to take over OA’s operations debt-free.  This move by Aegean is seen as a strategy to consolidate airline operations under one brand in Greece. Aegean has gradually been taking away market share from OA. If successful, which brand will survive?