Kategorie
Airline news

Etihad Airways marks five years in Greece as partnership with Aegean Airlines takes off

Etihad Airways, the national airline of the United Arab Emirates (UAE), and codeshare partner Aegean Airlines, are celebrating five years of Etihad Airways’ non-stop services between Athens and Abu Dhabi, and the start of Aegean’s new direct flights to the UAE capital. Etihad Airways commenced operations to Athens in June 2009, and since then has […]

Kategorie
Traffic results

Aegean: Overall increase in traffic amounts to 751,000 passengers and 26%

Total passenger traffic for AEGEAN and Olympic Air was up by 26% for April 2014, climbing to 751,347 passengers, 153,443 more than the total for both companies during the same period in 2013. In April, AEGEAN and Olympic Air operated 7.933 flights improving the load factor by 9 units, reaching 76%. It is noted that […]

Kategorie
Airline news

AEGEAN: New dynamic growth that enhances the Greece’s tourism

To mark the beginning of the summer season and the new dynamic era, following the acquisition of Olympic Air, AEGEAN presented at a press conference today, its growth strategy for 2014. In this context, AEGEAN announced: 13,000,000 available seats for 2014 – 1,150,000 more than in 2013 Enforcement of the fleet with 5 Airbus A320 […]

Kategorie
Financial results

Aegean: 2013 Results

AEGEAN reports improved financial performance for 2013. More specifically, 2013 revenue increased by 21% to €682.7m. Net earnings after tax reached €66.3m, compared to losses of €10.5m in 2012. ΑEGEAN carried 6.8m passengers in 2013, 12% more versus the previous year and achieving an increase in load factors to 74% from 79%. Load factors improved […]

Kategorie
Airline news

AEGEAN completes acquisition of Olympic Air

AEGEAN announces today that it has signed a definitive agreement with MARFIN INVESTMENT GROUP to acquire Olympic Air. The transfer of 100% of Olympic Air shares was completed the same day. The consideration of 100% of Olympic Air has been set at 72 million euros in cash to be paid in installments. The amount of […]

Kategorie
Airline news

AEGEAN: European Commission’s approval of the acquisition of Olympic Air allows the creation of a viable, dynamic Greek carrier

The acquisition of the shares will be completed by 18.10.2013 Athens, 9 October, 2013 – The European Commission announced today its decision to approve the acquisition of Olympic Air by AEGEAN. The rationale of the European Commission decision supports the absolute necessity of economies of scale to achieve viability within the Greek aviation market. The acquisition […]