fbpx
Wikipedia

Aegean Airlines

May 04, 2023

Aegean Airlines S.A.[11] (Greek: Αεροπορία Αιγαίου Α.Ε., Aeroporía Aigaíou pronounced [aeropoˈria eˈʝeu], legal name Greek: Αεροπορία Αιγαίου Ανώνυμη Αεροπορική Εταιρεία)[3] is the flag carrier airline of Greece[12] and the largest Greek airline by total number of passengers carried, by number of destinations served and by fleet size. A Star Alliance member since June 2010, it operates scheduled and charter services from Athens and Thessaloniki to other major Greek destinations as well as to a number of European and Middle Eastern destinations. Its main hubs are Athens International Airport in Athens, Macedonia International Airport in Thessaloniki and Larnaca International Airport in Cyprus. It also uses other Greek airports as bases, some of which are seasonal. It has its head office in Kifisia, a suburb of Athens.[13]

Aegean Airlines
FoundedJanuary 2, 1995 (1995-01-02)[3]
Commenced operationsMay 1999 (1999-05)
AOC #GR-007[4]
Hubs
Secondary hubs
Frequent-flyer programMiles+Bonus
AllianceStar Alliance
Subsidiaries
Fleet size57
Destinations144[7]
Traded asAthex: AEGN
ISINGRS495003006[8]
HeadquartersAthens International Airport, Spata, Greece[3]
Key people
[9]
Revenue €1.34 billion (FY 2022)[10]
Operating income €141.3 million (FY 2022)[10]
Net income €106.8 million (FY 2022)[10]
Total assets €1.540 billion (FY 2021)[6]
Total equity €213.6 million (FY 2021)[6]
Employees2.445[6]
Websiteaegeanair.com

On 21 October 2012, Aegean Airlines announced that it had struck a deal to acquire Olympic Air,[14] and the buyout was approved by the European Commission a year later, on 9 October 2013.[15] Both carriers continue to operate under separate brands.[16] In addition, Aegean Airlines participated in the final stages of the tender for the privatization of Cyprus Airways, the national carrier of Cyprus.[17] Following the bankruptcy of Cyprus Airways, Aegean Airlines established a hub at Larnaca Airport, thus initiating scheduled flights to and from the island to various destinations and filling the service gap created by the services termination of Cyprus Airways.

History

 
Aegean Airlines used BAe Avro RJ100s between 1999–2011
 
Aegean Airlines used Boeing 737-400s between 2001–2010
 
The former Aegean logo used until 2020

Beginnings

The company was founded in 1995,[3] taking over activities from Aegean Aviation.[18] It commenced VIP flights from Athens all over the world with wholly owned Learjet aircraft.

Commercial flights

Aegean's first commercial flights were in May 1999 from Athens to Heraklion, Crete and Thessaloniki with 2 new wholly owned British Aerospace Avro RJ100.[19] In December 1999 Aegean acquired Air Greece.[19][20] Since 2005, the airline has been in partnership with Lufthansa.[19] In March 2006, Aegean Airlines also entered into a co-operation agreement with TAP Air Portugal.[19] In December 2008, Aegean Airlines announced its co-operation with Brussels Airlines.[21]

Cooperation

In 2009, Aegean Airlines started codeshare agreements with BMI, Brussels Airlines, Lufthansa and TAP Air Portugal. On 26 May 2009, the Aegean Airlines' membership application was approved by the Chief Executive Board of Star Alliance. Aegean joined the alliance on 30 June 2010.

In February 2010, initial shareholder discussions took place to consider co-operation between Aegean Airlines and Olympic Air fueling rumours of a possible merger.[22] On 22 February 2010, Olympic Air and Aegean Airlines announced that they agreed to a merger.[23][24][25] The newly merged airline was to carry the Olympic brand name and logo, after a transition period in which both airline brands would be used in parallel.[23] The Aegean brand would cease to exist after the transition period. It was expected that the merger would be finalised and the combined airline would begin operation by October 2010.[25][26]

Aegean joined Star Alliance at the end of June 2010.[23] The intent was for the merged carrier to be a Star Alliance member, despite the fact that Olympic Air was forging ties with SkyTeam pre-merger.[27] Star Alliance welcomed the proposed merger, releasing a statement stating "The integration teams from both sides will soon meet to assess the necessary steps, in order to guarantee a smooth transition of the merged Aegean Airlines and Olympic Air operations into the Star Alliance network".[28]

On 26 January 2011, the European Commission blocked the merger between the two airlines, citing anti-competition concerns.[29][30][31] The commission stated that the merger would have created a "quasi-monopoly" in Greece's air transport market, with the combined airline controlling more than 90% of the Greek domestic air transport market.[32] The EC further stated its belief that the merger would lead to higher fares for four of the six million Greek and European passengers flying to and from Athens each year,[29] with no realistic prospects that a new airline of sufficient size would enter the market to restrain the merged airline's pricing.[30] Additionally, commissioner Joaquin Almunia stated that the merger would have led to higher prices and lower quality of service for Greeks and tourists traveling between Athens and the islands.[31] Both carriers offered remedies in an attempt to ease concerns, though the EU believed that they would not be enough to protect travelers adequately and ease competition concerns.[31] One of the remedies offered by the airlines included ceding takeoff and landing slots at Greek airports, though the commission noted that Greek airports do not suffer from the congestion observed at other European airports in previous airline mergers or alliances.[29]

On 21 October 2012 Aegean Airlines announced that it had struck a deal to acquire Olympic Air, pending approval by the European Commission. On 23 April 2013, the European Commission issued a press release announcing it was starting an in-depth investigation into the proposed acquisition of Olympic Air by Aegean Airlines[33] and announcing that the Commission will have decided by 3 September 2013. On 13 August 2013 it was published in the Greek media that the final decision had been delayed until 16 October 2013.[34] The merger was approved by the European Commission on 9 October 2013 citing that "due to the on-going Greek crisis and given Olympic's own very difficult financial situation, Olympic would be forced to leave the market soon in any event".

On 1 February 2014 Aegean Airlines took over every non-Public Service Obligation route that was previously operated by Olympic Air.[35]

Corporate affairs

Ownership

As of 3 July 2014 the airline is owned by Theodoros Vassilakis (34.17% - 23.6% via Evertrans S.A. and 9.46% via Autοhellas S.A.), Alnesco Enterprises Company Limited (9.48%), Siana Enterprises Company Limited (9.48%), and Konstantakopoulos Achilleas (6.39%).[36]

Business trends

In 2009, Aegean Airlines carried 6.6 million passengers[37] surpassing its then-rival Olympic Airlines (5.2 million passengers)[38] for the first time. Losses were incurred 2010–2012, amidst the economic crisis for Greek tourism and the economy in general; passengers carried fell to 6.1 million, although the load factor increased to 74.3%.[39] The group returned to profit in 2013,[40] with further growth from 2014 with the takeover of Olympic Airways operations.

Recent business trends for the group are shown below (for year ending 31 December; figures from 2014 onward include Olympic Airways):

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Turnover (€m) 482 611 622 591 668 653 682 911 983 1,020 1,127 1,187 1,308 415 675 1,336
Net profit after tax (€m) 35.8 29.5 23.0 −23.3 −27.2 −10.5 66.3 80.4 68.4 32.2 60.4 67.9 78.5 −227.9 5.1 106,8
Number of employees 1,923 2,142 2,463 1,949 1,615 1,347 1,459 1,678 2,344 2,334 2,493 2,703 2,924 2,699 2,445
Number of passengers (m) 5.2 6.0 6.6 6.2 6.5 6.1 6.9 10.1 11.6 12.5 13.2 13.9 15.0 5.2 7.2 12.5
Passenger load factor (%) 70 70 65.8 68.1 68.9 74.3 79 78.3 76.9 77.4 83.2 83.9 84.8 67.4 65.5 79.8
Number of aircraft (at year end) 23 29 33 26 29 28 30 50 58 62 58 61 62 67 63 69
Notes/sources [41] [42] [43] [44] [45] [46] Excl. OA
[40]		 Incl. OA
[47]		 [48] [49] [50] [51] [52][53] [54][55] [56] [10]

Destinations

 
Aegean Airlines destinations as of 2019
  Greece
  Year-round
  Seasonal
Main article: List of Aegean Airlines destinations

Codeshare agreements

Aegean Airlines codeshares with the following airlines:[57]

Additionally, Aegean Airlines has a commercial agreement with Trenitalia.[61]

Charter flights

During the summer season, Aegean Airlines operates several A320s, performing charter services in association with major tour operators. The charter flights connect popular holiday destinations in Greece to Italy, France, United Kingdom, Poland, Israel, Romania, Russia, Sweden, Denmark, Estonia, Finland, Norway, Slovenia, Austria, Germany, Hungary, Ukraine and other countries.[62] In recent years, they have also operated charter flights for football fixtures, for example, when the Greece national football team is playing abroad.

Aegean Airlines also owns a 51% stake in Animawings, a Romanian charter airline.[63]

Fleet

 
An Aegean Airlines Airbus A320neo in the airline's current livery
 
An Aegean Airlines Airbus A320-200 with sharklets
 
An Aegean Airlines Airbus A321-200
 
An Aegean Airlines Learjet 60

Current fleet

As of April 2023, Aegean Airlines operates an all-Airbus fleet, consisting of the following aircraft:[64][65]

Aegean Airlines fleet
Aircraft In service Orders Passengers[66] Notes Ref.
Airbus A320-200 27 — 174 [67]
Airbus A321-200 6 — 206 [68]
Airbus A320neo 12 22[69] 180 Deliveries until 2026. [70][71][72]
Airbus A321neo 12 220 [73][71][74]
Total 57 22

In addition to the aircraft above, Aegean Airlines also operates a Learjet 60. The aircraft is used for the provision of VIP services and executive travel, in a non-scheduled flight basis.[75][76]

Fleet development

In its history, the airline has so far made two strategic moves concerning its fleet. The first was meant to withdraw all turboprop planes from the fleet, which was accomplished in May 2004. In December 2005, the carrier placed an order for eight Airbus A320s.[19]

In August 2010, Aegean Airlines became the first airline to commit to upgrading its Airbus A320 family fleet with the FANS-B+ datalink system offered by Airbus.[77] By March 2014, passenger cabins across the entire fleet were retrofitted with brand-new reclining Aviointeriors Columbus Two seats, which are thinner and lighter, allowing the addition of an extra row.[78] In 2014, Aegean Airlines also completed the purchase of seven brand-new Airbus A320ceo (current engine option) aircraft to add to its fleet;[79][80] all deliveries were completed by early 2016.[81]

In June 2018, Aegean firmed up a purchase agreement with Airbus for 10 A321neos and 20 A320neos, following a memorandum of understanding signed in March that year.[82] The company also intended to lease up to 20 more Airbus aircraft.[83]

Historical fleet

In addition to its current aircraft, Aegean Airlines previously operated the following types:

Livery

The Aegean Airlines livery is mostly "Eurowhite", featuring a thin red line towards the lower part of the fuselage. Above it, the fuselage is white and features the airline's name, written in dark blue using trademarked font series. Below the red line, the fuselage is painted grey. The Aegean Airlines logo, two seagulls flying in front of the sun, is featured on the tail of the aircraft. In addition to the standard livery, Aegean Airlines uses several non-standard liveries, such as one advertising Star Alliance as well as one celebrating the new Acropolis Museum.

  • Aegean Airlines livery
  •  

    An Aegean Airlines A320-200 in Star Alliance livery

  •  

    An Aegean A320-200 in Acropolis Museum livery

  •  

    An Aegean A320-200 in Visit Greece livery

  •  

    Aegean's new livery unveiling during the Airbus A320neo delivery presentation

Services

Frequent-flyer program

Miles+Bonus is the frequent flyer program of Aegean Airlines and its Olympic Air subsidiary. It is a rebranding of Miles&Bonus, the former frequent flyer program of Aegean as well as a replacement for Olympic Air's Travelair Club. Miles+Bonus has three tiers: Blue, Silver and Gold.

Airport lounges

Gold members of Miles+Bonus, or those with Gold status in another Star Alliance airline, as well as passengers traveling on business class on an Aegean Airlines or other Star Alliance flight, all have access to the three Aegean Business Lounges in Athens, Thessaloniki and Larnaca.[87]

References

  1. ^ "IATA - Airline and Airport Code Search". iata.org. Retrieved 16 April 2015.
  2. ^ a b . faa.gov. Archived from the original on 19 April 2014.
  3. ^ a b c d "Στοιχεία Δημοσιότητας". Business Registry (in Greek). Union of Hellenic Chambers Of Commerce. Retrieved 10 February 2023.
  4. ^ "Action Plan on Emissions Reduction of Greece" (PDF). ICAO. Civil Aviation Authority. Retrieved 11 February 2023.
  5. ^ . aegeanair.com. Archived from the original on 28 June 2013. Retrieved 28 October 2013.
  6. ^ a b c d "ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR 2021" (PDF). Aegean Group. Aegean Airlines. Retrieved 10 February 2023.
  7. ^ "AEGEAN: Πάνω από 144 οι προορισμοί σε 44 χώρες". 18 May 2022.
  8. ^ "Profile". Athens Exchange Group. Athens Exchange Group. Retrieved 10 February 2023.
  9. ^ "Board of Directors". Aegean Group. Aegean Airlines. Retrieved 10 February 2023.
  10. ^ a b c d "Annual Financial Report 2022". Athens Stock Exchange. 15 March 2023.
  11. ^ Dron, Alan. . atwonline.com. Penton. Archived from the original on 28 May 2016. Retrieved 9 December 2018.
  12. ^ "Headquarters." Aegean Airlines. Retrieved on 22 February 2010. "Aegean Airlines Headquarters 31, Viltanioti Str. 145 64, Kifisia, Athens, Greece" Address in Greek: Βιλτανιώτη 31 145 64, Κηφισιά, Αθήνα
  13. ^ Young, Kathryn M. (22 October 2012). "Aegean strikes deal to acquire Olympic Air". atwonline.com. Retrieved 20 March 2014.
  14. ^ George Georgiopoulos, Foo Yun Chee (9 October 2013). "Aegean Airlines wins EU approval to buy Olympic Air". Reuters. reuters.com. Retrieved 20 March 2014.
  15. ^ "AEGEAN: European Commission's approval of the acquisition of Olympic Air allows the creation of a viable, dynamic Greek carrier". aegeanair.com. 9 October 2013. Retrieved 20 March 2014.
  16. ^ "Aegean, Ryanair asked to submit plans for Cyprus Airways". ch-aviation.
  17. ^ "Review of Aegean Airlines Business Class". www.businessclass.com. Retrieved 26 March 2023.
  18. ^ a b c d e . Aegean Airlines. en.aegeanair.com. Archived from the original on 27 November 2020.
  19. ^ "Directory: World Airlines". Flight International. 27 March 2007. p. 45.
  20. ^ Georgiopoulos, George (2 December 2008). "Greece's Aegean Air to grow routes despite downturn". Reuters. Retrieved 29 May 2013.
  21. ^ . 11 February 2010. Archived from the original on 11 July 2011.
  22. ^ a b c Georgiopoulo, George (22 February 2010). "UPDATE 3-Greek carriers Aegean, Olympic agree merger". Reuters. from the original on 29 March 2010. Retrieved 22 February 2010.
  23. ^ Staff (22 February 2010). . Capital.gr. Archived from the original on 30 March 2010. Retrieved 23 February 2010.
  24. ^ a b Staff (22 February 2010). "Greek airlines agree merger: statement". AFG. Retrieved 23 February 2010.
  25. ^ Staff (22 February 2010). . CTV. Archived from the original on 4 June 2011. Retrieved 23 February 2010.
  26. ^ Staff (23 February 2010). . Archived from the original on 24 August 2010. Retrieved 23 February 2010.
  27. ^ Bruce, Michael (23 February 2010). (PDF). travelweekly.com.au. p. 3. Archived from the original (PDF) on 31 March 2010. Retrieved 29 May 2013.
  28. ^ a b c Staff (26 January 2011). "Olympic Air and Aegean merger is blocked by EU". BBC Online. from the original on 27 January 2011. Retrieved 26 January 2011.
  29. ^ a b Torello, Alessandro (26 January 2011). "EU Blocks Greek Airlines' Merger". Wall Street Journal. from the original on 4 February 2011. Retrieved 26 January 2011.
  30. ^ a b c Chee, Foo Yun (26 January 2011). "EU blocks Olympic/Aegean merger, says anti-competitive". Reuters. Retrieved 26 January 2011.
  31. ^ Reals, Kerry (26 January 2011). "EC blocks Aegean/Olympic merger on monopoly grounds". Flight International. from the original on 29 January 2011. Retrieved 26 January 2011.
  32. ^ EUROPA - PRESS RELEASES - Press Release - Mergers: Commission opens in-depth investigation into proposed acquisition of Olympic Air by Aegean Airlines. Europa.eu. Retrieved on 20 August 2013.
  33. ^ "Competition Commission puts off Olympic-Aegean merger decision until 16 Oct". ekathimerini.com. 13 August 2013. Retrieved 17 January 2014.
  34. ^ "Aegean Airlines Accelerates Olympic Air Network Realignment to Feb 2014". Retrieved 3 June 2015.
  35. ^ "ΑΡΑΙΓ: Μέτοχοι με ποσοστό άνω του 5%". Retrieved 3 July 2014.
  36. ^ . Aegeanair.com. 27 January 2009. Archived from the original on 11 August 2011. Retrieved 16 July 2011.
  37. ^ "• Προβολή θέματος – Επιβατική κίνηση -last update: ΦΕΒΡΟΥΑΡΙΟΣ 2009". Airliners.gr. 7 January 2008. Retrieved 5 May 2009.
  38. ^ "2012 Results". aegeanair.com. Retrieved 20 March 2014.
  39. ^ a b (PDF). aegeanair.com. Archived from the original (PDF) on 21 March 2014. Retrieved 20 March 2014.
  40. ^ (PDF). aegeanair.com. Archived from the original (PDF) on 20 April 2013. Retrieved 20 March 2014.
  41. ^ (PDF). aegeanair.com. Archived from the original (PDF) on 20 April 2013. Retrieved 20 March 2014.
  42. ^ (PDF). aegeanair.com. Archived from the original (PDF) on 20 April 2013. Retrieved 20 March 2014.
  43. ^ (PDF). aegeanair.com. Archived from the original (PDF) on 20 April 2013. Retrieved 20 March 2014.
  44. ^ (PDF). aegeanair.com. Archived from the original (PDF) on 20 April 2013. Retrieved 20 March 2014.
  45. ^ (PDF). aegeanair.com. Archived from the original (PDF) on 20 April 2013. Retrieved 20 March 2014.
  46. ^ "Annual Report 2014" (PDF). April 2015. Retrieved 8 June 2016.
  47. ^ "Annual Financial Report (1st January to 31st December 2015)" (PDF). aegeanair.com. Retrieved 6 June 2016.
  48. ^ "Annual Financial Report (1st January to 31st December 2016)" (PDF). aegeanair.com. Retrieved 23 March 2017.[permanent dead link]
  49. ^ "Annual Financial Report (1st January to 31st December 2017)" (PDF). aegeanair.com. Retrieved 15 March 2018.
  50. ^ Aegean Airlines, Annual Financial Report 2018, retrieved 29 March 2019
  51. ^ "AEGEAN: 2019 Financial Results". aviator.aero. 17 March 2020. Retrieved 17 March 2020.
  52. ^ (PDF). Aegean Airlines. Archived from the original (PDF) on 17 March 2020.
  53. ^ "Annual Financial Report" (PDF). 12 April 2021.
  54. ^ "Full Year 2020 Results & KPIs" (PDF). Retrieved 26 March 2023.
  55. ^ "Annual Financial Report 2021" (PDF). 29 May 2022.
  56. ^ "Profile on Aegean Airlines". CAPA. Centre for Aviation. from the original on 29 October 2016. Retrieved 29 October 2016.
  57. ^ "Emirates signs codeshare partnership with Aegean". 15 August 2022.
  58. ^ "Aegean Airlines / Hainan Airlines plans Feb 2018 codeshare launch". Routes.
  59. ^ "Συνεργασία Aegean-Volotea για πτήσεις με χρήση κοινών κωδικών (code-share)". www.naftemporiki.gr (in Greek). 7 July 2021. Retrieved 11 July 2021.
  60. ^ "TRENITALIA, INTEGRAZIONE FRECCE/AEREI: AGEVOLAZIONI SU BIGLIETTI DELLE FRECCE PER I PASSEGGERI DI AEGEAN AIRLINES" (PDF). trenitalia.com. 22 January 2014. Retrieved 2 June 2015.
  61. ^ "Charter Services". aegeanair.com. Retrieved 24 June 2015.
  62. ^ "Aegean Airlines devine acționar majoritar al companiei românești Animawings". 13 October 2021.
  63. ^ "Airbus Order and Deliveries". Airbus. January 2023.{{cite web}}: CS1 maint: url-status (link)
  64. ^ "Fleet | About Aegean". Aegean Airlines.
  65. ^ "Seat map". Aegean Airlines.
  66. ^ "AIRBUS A320 | About Aegean". Aegean Airlines. Retrieved 10 December 2021.
  67. ^ "AIRBUS A321 | About Aegean". Aegean Airlines. Retrieved 10 December 2021.
  68. ^ Κασσίμη, Αλεξάνδρα. "Με νέα Airbus «απογειώνεται» η Aegean". www.kathimerini.gr. Retrieved 25 February 2023.
  69. ^ "AIRBUS A320neo | About Aegean". Aegean Airlines. Retrieved 10 December 2021.
  70. ^ a b "AEGEAN Airlines firms up order for 30 A320neo Family aircraft". Airbus (Press release). 18 June 2018.
  71. ^ "Corporate Presentation - May 2021" (PDF). Retrieved 26 March 2023.
  72. ^ "AEGEAN announces order of up to 42 new aircraft of the Α320neo Family, valued at 5 billion dollars at list prices". Aegean Airlines (Press release). 28 March 2018.
  73. ^ "AIRBUS A321neo | About Aegean". Aegean Airlines (in Greek). Retrieved 10 December 2021.
  74. ^ . aegeanair.com. Archived from the original on 9 May 2015. Retrieved 12 November 2015.
  75. ^ "All HCAA Aircraft May 2013" (PDF). ypa.gr. 2 May 2013. Retrieved 19 June 2015.
  76. ^ "Aegean commits to FANS-B+ upgrade for A320s". ATW Online. 16 August 2010. Retrieved 29 May 2013.
  77. ^ . Archived from the original on 26 June 2015. Retrieved 3 June 2015.
  78. ^ "AEGEAN upgrades and expands its fleet. 7 brand-new Airbus Α320 to be added in its existing fleet in 2015-16". 27 August 2014. Retrieved 19 March 2015.
  79. ^ "Aegean Airlines adds two additional aircraft to its previous A320ceo order". airbus.com. Airbus. 28 August 2014. Retrieved 19 March 2015.
  80. ^ Hofmann, Kurt (25 March 2016). . Air Transport World. Archived from the original on 25 March 2016.
  81. ^ . www.airbus.com. Airbus. 22 June 2018. Archived from the original on 13 November 2021.
  82. ^ "Η AEGEAN επιλέγει τους κινητήρες GTF™ της Pratt & Whitney για τα νέα αεροσκάφη Airbus της οικογένειας A320neo | About Aegean". Aegean Airlines.
  83. ^ . web.archive.org. Archived from the original on 18 March 2023. Retrieved 9 April 2023.
  84. ^ a b c d . aegeanair.com. Archived from the original on 6 January 2010. Retrieved 9 April 2023.
  85. ^ "Aegean Airlines News Update". ch-aviation. 29 August 2010. Retrieved 9 April 2023.
  86. ^ "Lounges". Aegean Airlines. Retrieved 17 February 2022.

External links

  Media related to Aegean Airlines at Wikimedia Commons

  • Official website

May 04, 2023
aegean, airlines, greek, Αεροπορία, Αιγαίου, aeroporía, aigaíou, pronounced, aeropoˈria, eˈʝeu, legal, name, greek, Αεροπορία, Αιγαίου, Ανώνυμη, Αεροπορική, Εταιρεία, flag, carrier, airline, greece, largest, greek, airline, total, number, passengers, carried, . Aegean Airlines S A 11 Greek Aeroporia Aigaioy A E Aeroporia Aigaiou pronounced aeropoˈria eˈʝeu legal name Greek Aeroporia Aigaioy Anwnymh Aeroporikh Etaireia 3 is the flag carrier airline of Greece 12 and the largest Greek airline by total number of passengers carried by number of destinations served and by fleet size A Star Alliance member since June 2010 it operates scheduled and charter services from Athens and Thessaloniki to other major Greek destinations as well as to a number of European and Middle Eastern destinations Its main hubs are Athens International Airport in Athens Macedonia International Airport in Thessaloniki and Larnaca International Airport in Cyprus It also uses other Greek airports as bases some of which are seasonal It has its head office in Kifisia a suburb of Athens 13 Aegean AirlinesIATA ICAO CallsignA3 1 AEE 2 AEGEAN 2 FoundedJanuary 2 1995 1995 01 02 3 Commenced operationsMay 1999 1999 05 AOC GR 007 4 HubsAthens International AirportThessaloniki AirportSecondary hubsChania International AirportHeraklion International AirportKalamata International AirportLarnaca International AirportRhodes International Airport 5 Frequent flyer programMiles BonusAllianceStar AllianceSubsidiariesAnimawings 51 Olympic Air 6 Fleet size57Destinations144 7 Traded asAthex AEGNISINGRS495003006 8 HeadquartersAthens International Airport Spata Greece 3 Key peopleDimitrios Gerogiannis CEO Eftichios Vassilakis Chairperson 9 Revenue 1 34 billion FY 2022 10 Operating income 141 3 million FY 2022 10 Net income 106 8 million FY 2022 10 Total assets 1 540 billion FY 2021 6 Total equity 213 6 million FY 2021 6 Employees2 445 6 Websiteaegeanair wbr comOn 21 October 2012 Aegean Airlines announced that it had struck a deal to acquire Olympic Air 14 and the buyout was approved by the European Commission a year later on 9 October 2013 15 Both carriers continue to operate under separate brands 16 In addition Aegean Airlines participated in the final stages of the tender for the privatization of Cyprus Airways the national carrier of Cyprus 17 Following the bankruptcy of Cyprus Airways Aegean Airlines established a hub at Larnaca Airport thus initiating scheduled flights to and from the island to various destinations and filling the service gap created by the services termination of Cyprus Airways Contents 1 History 1 1 Beginnings 1 2 Commercial flights 1 3 Cooperation 2 Corporate affairs 2 1 Ownership 2 2 Business trends 3 Destinations 3 1 Codeshare agreements 3 2 Charter flights 4 Fleet 4 1 Current fleet 4 2 Fleet development 4 3 Historical fleet 4 4 Livery 5 Services 5 1 Frequent flyer program 5 2 Airport lounges 6 References 7 External linksHistory Edit Aegean Airlines used BAe Avro RJ100s between 1999 2011 Aegean Airlines used Boeing 737 400s between 2001 2010 The former Aegean logo used until 2020 Beginnings Edit The company was founded in 1995 3 taking over activities from Aegean Aviation 18 It commenced VIP flights from Athens all over the world with wholly owned Learjet aircraft Commercial flights Edit Aegean s first commercial flights were in May 1999 from Athens to Heraklion Crete and Thessaloniki with 2 new wholly owned British Aerospace Avro RJ100 19 In December 1999 Aegean acquired Air Greece 19 20 Since 2005 the airline has been in partnership with Lufthansa 19 In March 2006 Aegean Airlines also entered into a co operation agreement with TAP Air Portugal 19 In December 2008 Aegean Airlines announced its co operation with Brussels Airlines 21 Cooperation Edit In 2009 Aegean Airlines started codeshare agreements with BMI Brussels Airlines Lufthansa and TAP Air Portugal On 26 May 2009 the Aegean Airlines membership application was approved by the Chief Executive Board of Star Alliance Aegean joined the alliance on 30 June 2010 In February 2010 initial shareholder discussions took place to consider co operation between Aegean Airlines and Olympic Air fueling rumours of a possible merger 22 On 22 February 2010 Olympic Air and Aegean Airlines announced that they agreed to a merger 23 24 25 The newly merged airline was to carry the Olympic brand name and logo after a transition period in which both airline brands would be used in parallel 23 The Aegean brand would cease to exist after the transition period It was expected that the merger would be finalised and the combined airline would begin operation by October 2010 25 26 Aegean joined Star Alliance at the end of June 2010 23 The intent was for the merged carrier to be a Star Alliance member despite the fact that Olympic Air was forging ties with SkyTeam pre merger 27 Star Alliance welcomed the proposed merger releasing a statement stating The integration teams from both sides will soon meet to assess the necessary steps in order to guarantee a smooth transition of the merged Aegean Airlines and Olympic Air operations into the Star Alliance network 28 On 26 January 2011 the European Commission blocked the merger between the two airlines citing anti competition concerns 29 30 31 The commission stated that the merger would have created a quasi monopoly in Greece s air transport market with the combined airline controlling more than 90 of the Greek domestic air transport market 32 The EC further stated its belief that the merger would lead to higher fares for four of the six million Greek and European passengers flying to and from Athens each year 29 with no realistic prospects that a new airline of sufficient size would enter the market to restrain the merged airline s pricing 30 Additionally commissioner Joaquin Almunia stated that the merger would have led to higher prices and lower quality of service for Greeks and tourists traveling between Athens and the islands 31 Both carriers offered remedies in an attempt to ease concerns though the EU believed that they would not be enough to protect travelers adequately and ease competition concerns 31 One of the remedies offered by the airlines included ceding takeoff and landing slots at Greek airports though the commission noted that Greek airports do not suffer from the congestion observed at other European airports in previous airline mergers or alliances 29 On 21 October 2012 Aegean Airlines announced that it had struck a deal to acquire Olympic Air pending approval by the European Commission On 23 April 2013 the European Commission issued a press release announcing it was starting an in depth investigation into the proposed acquisition of Olympic Air by Aegean Airlines 33 and announcing that the Commission will have decided by 3 September 2013 On 13 August 2013 it was published in the Greek media that the final decision had been delayed until 16 October 2013 34 The merger was approved by the European Commission on 9 October 2013 citing that due to the on going Greek crisis and given Olympic s own very difficult financial situation Olympic would be forced to leave the market soon in any event On 1 February 2014 Aegean Airlines took over every non Public Service Obligation route that was previously operated by Olympic Air 35 Corporate affairs EditOwnership Edit As of 3 July 2014 update the airline is owned by Theodoros Vassilakis 34 17 23 6 via Evertrans S A and 9 46 via Autohellas S A Alnesco Enterprises Company Limited 9 48 Siana Enterprises Company Limited 9 48 and Konstantakopoulos Achilleas 6 39 36 Business trends Edit In 2009 Aegean Airlines carried 6 6 million passengers 37 surpassing its then rival Olympic Airlines 5 2 million passengers 38 for the first time Losses were incurred 2010 2012 amidst the economic crisis for Greek tourism and the economy in general passengers carried fell to 6 1 million although the load factor increased to 74 3 39 The group returned to profit in 2013 40 with further growth from 2014 with the takeover of Olympic Airways operations Recent business trends for the group are shown below for year ending 31 December figures from 2014 onward include Olympic Airways 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Turnover m 482 611 622 591 668 653 682 911 983 1 020 1 127 1 187 1 308 415 675 1 336Net profit after tax m 35 8 29 5 23 0 23 3 27 2 10 5 66 3 80 4 68 4 32 2 60 4 67 9 78 5 227 9 5 1 106 8Number of employees 1 923 2 142 2 463 1 949 1 615 1 347 1 459 1 678 2 344 2 334 2 493 2 703 2 924 2 699 2 445Number of passengers m 5 2 6 0 6 6 6 2 6 5 6 1 6 9 10 1 11 6 12 5 13 2 13 9 15 0 5 2 7 2 12 5Passenger load factor 70 70 65 8 68 1 68 9 74 3 79 78 3 76 9 77 4 83 2 83 9 84 8 67 4 65 5 79 8Number of aircraft at year end 23 29 33 26 29 28 30 50 58 62 58 61 62 67 63 69Notes sources 41 42 43 44 45 46 Excl OA 40 Incl OA 47 48 49 50 51 52 53 54 55 56 10 Destinations Edit Aegean Airlines destinations as of 2019 Greece Year round Seasonal Main article List of Aegean Airlines destinations Codeshare agreements Edit Aegean Airlines codeshares with the following airlines 57 airBaltic Air Canada Air Serbia Brussels Airlines Bulgaria Air EgyptAir Emirates 58 Ethiopian Airlines Etihad Airways Hainan Airlines 59 LOT Polish Airlines Lufthansa Oman Air Scandinavian Airlines S7 Airlines Singapore Airlines Swiss International Air Lines TAP Air Portugal TAROM Turkish Airlines Volotea 60 Additionally Aegean Airlines has a commercial agreement with Trenitalia 61 Charter flights Edit During the summer season Aegean Airlines operates several A320s performing charter services in association with major tour operators The charter flights connect popular holiday destinations in Greece to Italy France United Kingdom Poland Israel Romania Russia Sweden Denmark Estonia Finland Norway Slovenia Austria Germany Hungary Ukraine and other countries 62 In recent years they have also operated charter flights for football fixtures for example when the Greece national football team is playing abroad Aegean Airlines also owns a 51 stake in Animawings a Romanian charter airline 63 Fleet Edit An Aegean Airlines Airbus A320neo in the airline s current livery An Aegean Airlines Airbus A320 200 with sharklets An Aegean Airlines Airbus A321 200 An Aegean Airlines Learjet 60 Current fleet Edit As of April 2023 update Aegean Airlines operates an all Airbus fleet consisting of the following aircraft 64 65 Aegean Airlines fleet Aircraft In service Orders Passengers 66 Notes Ref Airbus A320 200 27 174 67 Airbus A321 200 6 206 68 Airbus A320neo 12 22 69 180 Deliveries until 2026 70 71 72 Airbus A321neo 12 220 73 71 74 Total 57 22In addition to the aircraft above Aegean Airlines also operates a Learjet 60 The aircraft is used for the provision of VIP services and executive travel in a non scheduled flight basis 75 76 Fleet development Edit In its history the airline has so far made two strategic moves concerning its fleet The first was meant to withdraw all turboprop planes from the fleet which was accomplished in May 2004 In December 2005 the carrier placed an order for eight Airbus A320s 19 In August 2010 Aegean Airlines became the first airline to commit to upgrading its Airbus A320 family fleet with the FANS B datalink system offered by Airbus 77 By March 2014 passenger cabins across the entire fleet were retrofitted with brand new reclining Aviointeriors Columbus Two seats which are thinner and lighter allowing the addition of an extra row 78 In 2014 Aegean Airlines also completed the purchase of seven brand new Airbus A320ceo current engine option aircraft to add to its fleet 79 80 all deliveries were completed by early 2016 81 In June 2018 Aegean firmed up a purchase agreement with Airbus for 10 A321neos and 20 A320neos following a memorandum of understanding signed in March that year 82 The company also intended to lease up to 20 more Airbus aircraft 83 Historical fleet Edit In addition to its current aircraft Aegean Airlines previously operated the following types Airbus A319 100 84 ATR 72 200 citation needed ATR 72 500 85 wet leased from SwiftAir 86 Boeing 737 300 85 Boeing 737 400 85 British Aerospace Avro RJ100 85 Livery Edit The Aegean Airlines livery is mostly Eurowhite featuring a thin red line towards the lower part of the fuselage Above it the fuselage is white and features the airline s name written in dark blue using trademarked font series Below the red line the fuselage is painted grey The Aegean Airlines logo two seagulls flying in front of the sun is featured on the tail of the aircraft In addition to the standard livery Aegean Airlines uses several non standard liveries such as one advertising Star Alliance as well as one celebrating the new Acropolis Museum Aegean Airlines livery An Aegean Airlines A320 200 in Star Alliance livery An Aegean A320 200 in Acropolis Museum livery An Aegean A320 200 in Visit Greece livery Aegean s new livery unveiling during the Airbus A320neo delivery presentationServices EditFrequent flyer program Edit Miles Bonus is the frequent flyer program of Aegean Airlines and its Olympic Air subsidiary It is a rebranding of Miles amp Bonus the former frequent flyer program of Aegean as well as a replacement for Olympic Air s Travelair Club Miles Bonus has three tiers Blue Silver and Gold Airport lounges Edit Gold members of Miles Bonus or those with Gold status in another Star Alliance airline as well as passengers traveling on business class on an Aegean Airlines or other Star Alliance flight all have access to the three Aegean Business Lounges in Athens Thessaloniki and Larnaca 87 References Edit IATA Airline and Airport Code Search iata org Retrieved 16 April 2015 a b CONTRACTIONS FAA JO 7340 2 faa gov Archived from the original on 19 April 2014 a b c d Stoixeia Dhmosiothtas Business Registry in Greek Union of Hellenic Chambers Of Commerce Retrieved 10 February 2023 Action Plan on Emissions Reduction of Greece PDF ICAO Civil Aviation Authority Retrieved 11 February 2023 With a total of 158 international routes and 7 bases in Greece and 1 in Cyprus Aegean Airlines is a key pillar of the Greek tourism aegeanair com Archived from the original on 28 June 2013 Retrieved 28 October 2013 a b c d ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR 2021 PDF Aegean Group Aegean Airlines Retrieved 10 February 2023 AEGEAN Panw apo 144 oi proorismoi se 44 xwres 18 May 2022 Profile Athens Exchange Group Athens Exchange Group Retrieved 10 February 2023 Board of Directors Aegean Group Aegean Airlines Retrieved 10 February 2023 a b c d Annual Financial Report 2022 Athens Stock Exchange 15 March 2023 Conditions amp Notices Archived from the original on 12 November 2013 Retrieved 12 November 2013 Dron Alan Aegean 1Q losses widen as it invests in capacity atwonline com Penton Archived from the original on 28 May 2016 Retrieved 9 December 2018 Headquarters Aegean Airlines Retrieved on 22 February 2010 Aegean Airlines Headquarters 31 Viltanioti Str 145 64 Kifisia Athens Greece Address in Greek Biltaniwth 31 145 64 Khfisia A8hna Young Kathryn M 22 October 2012 Aegean strikes deal to acquire Olympic Air atwonline com Retrieved 20 March 2014 George Georgiopoulos Foo Yun Chee 9 October 2013 Aegean Airlines wins EU approval to buy Olympic Air Reuters reuters com Retrieved 20 March 2014 AEGEAN European Commission s approval of the acquisition of Olympic Air allows the creation of a viable dynamic Greek carrier aegeanair com 9 October 2013 Retrieved 20 March 2014 Aegean Ryanair asked to submit plans for Cyprus Airways ch aviation Review of Aegean Airlines Business Class www businessclass com Retrieved 26 March 2023 a b c d e Milestones Aegean Airlines en aegeanair com Archived from the original on 27 November 2020 Directory World Airlines Flight International 27 March 2007 p 45 Georgiopoulos George 2 December 2008 Greece s Aegean Air to grow routes despite downturn Reuters Retrieved 29 May 2013 Olympic Air and Aegean Air mulling cooperation 11 February 2010 Archived from the original on 11 July 2011 a b c Georgiopoulo George 22 February 2010 UPDATE 3 Greek carriers Aegean Olympic agree merger Reuters Archived from the original on 29 March 2010 Retrieved 22 February 2010 Staff 22 February 2010 Aegean Olympic Air Announce Merger Capital gr Archived from the original on 30 March 2010 Retrieved 23 February 2010 a b Staff 22 February 2010 Greek airlines agree merger statement AFG Retrieved 23 February 2010 Staff 22 February 2010 Greek airlines merge CTV Archived from the original on 4 June 2011 Retrieved 23 February 2010 Staff 23 February 2010 Aegean Airlines and Olympic Air to merge Archived from the original on 24 August 2010 Retrieved 23 February 2010 Bruce Michael 23 February 2010 Greek merger PDF travelweekly com au p 3 Archived from the original PDF on 31 March 2010 Retrieved 29 May 2013 a b c Staff 26 January 2011 Olympic Air and Aegean merger is blocked by EU BBC Online Archived from the original on 27 January 2011 Retrieved 26 January 2011 a b Torello Alessandro 26 January 2011 EU Blocks Greek Airlines Merger Wall Street Journal Archived from the original on 4 February 2011 Retrieved 26 January 2011 a b c Chee Foo Yun 26 January 2011 EU blocks Olympic Aegean merger says anti competitive Reuters Retrieved 26 January 2011 Reals Kerry 26 January 2011 EC blocks Aegean Olympic merger on monopoly grounds Flight International Archived from the original on 29 January 2011 Retrieved 26 January 2011 EUROPA PRESS RELEASES Press Release Mergers Commission opens in depth investigation into proposed acquisition of Olympic Air by Aegean Airlines Europa eu Retrieved on 20 August 2013 Competition Commission puts off Olympic Aegean merger decision until 16 Oct ekathimerini com 13 August 2013 Retrieved 17 January 2014 Aegean Airlines Accelerates Olympic Air Network Realignment to Feb 2014 Retrieved 3 June 2015 ARAIG Metoxoi me pososto anw toy 5 Retrieved 3 July 2014 Annual Reports Aegeanair com 27 January 2009 Archived from the original on 11 August 2011 Retrieved 16 July 2011 Probolh 8ematos Epibatikh kinhsh last update FEBROYARIOS 2009 Airliners gr 7 January 2008 Retrieved 5 May 2009 2012 Results aegeanair com Retrieved 20 March 2014 a b Annual Financial Report 2013 PDF aegeanair com Archived from the original PDF on 21 March 2014 Retrieved 20 March 2014 Annual Financial Report 2007 PDF aegeanair com Archived from the original PDF on 20 April 2013 Retrieved 20 March 2014 Annual Financial Report 2008 PDF aegeanair com Archived from the original PDF on 20 April 2013 Retrieved 20 March 2014 Annual Financial Report 2009 PDF aegeanair com Archived from the original PDF on 20 April 2013 Retrieved 20 March 2014 Annual Financial Report 2010 PDF aegeanair com Archived from the original PDF on 20 April 2013 Retrieved 20 March 2014 Annual Financial Report 2011 PDF aegeanair com Archived from the original PDF on 20 April 2013 Retrieved 20 March 2014 Annual Financial Report 2012 PDF aegeanair com Archived from the original PDF on 20 April 2013 Retrieved 20 March 2014 Annual Report 2014 PDF April 2015 Retrieved 8 June 2016 Annual Financial Report 1st January to 31st December 2015 PDF aegeanair com Retrieved 6 June 2016 Annual Financial Report 1st January to 31st December 2016 PDF aegeanair com Retrieved 23 March 2017 permanent dead link Annual Financial Report 1st January to 31st December 2017 PDF aegeanair com Retrieved 15 March 2018 Aegean Airlines Annual Financial Report 2018 retrieved 29 March 2019 AEGEAN 2019 Financial Results aviator aero 17 March 2020 Retrieved 17 March 2020 Annual Financial Report 2019 PDF Aegean Airlines Archived from the original PDF on 17 March 2020 Annual Financial Report PDF 12 April 2021 Full Year 2020 Results amp KPIs PDF Retrieved 26 March 2023 Annual Financial Report 2021 PDF 29 May 2022 Profile on Aegean Airlines CAPA Centre for Aviation Archived from the original on 29 October 2016 Retrieved 29 October 2016 Emirates signs codeshare partnership with Aegean 15 August 2022 Aegean Airlines Hainan Airlines plans Feb 2018 codeshare launch Routes Synergasia Aegean Volotea gia pthseis me xrhsh koinwn kwdikwn code share www naftemporiki gr in Greek 7 July 2021 Retrieved 11 July 2021 TRENITALIA INTEGRAZIONE FRECCE AEREI AGEVOLAZIONI SU BIGLIETTI DELLE FRECCE PER I PASSEGGERI DI AEGEAN AIRLINES PDF trenitalia com 22 January 2014 Retrieved 2 June 2015 Charter Services aegeanair com Retrieved 24 June 2015 Aegean Airlines devine acționar majoritar al companiei romanești Animawings 13 October 2021 Airbus Order and Deliveries Airbus January 2023 a href Template Cite web html title Template Cite web cite web a CS1 maint url status link Fleet About Aegean Aegean Airlines Seat map Aegean Airlines AIRBUS A320 About Aegean Aegean Airlines Retrieved 10 December 2021 AIRBUS A321 About Aegean Aegean Airlines Retrieved 10 December 2021 Kassimh Ale3andra Me nea Airbus apogeiwnetai h Aegean www kathimerini gr Retrieved 25 February 2023 AIRBUS A320neo About Aegean Aegean Airlines Retrieved 10 December 2021 a b AEGEAN Airlines firms up order for 30 A320neo Family aircraft Airbus Press release 18 June 2018 Corporate Presentation May 2021 PDF Retrieved 26 March 2023 AEGEAN announces order of up to 42 new aircraft of the A320neo Family valued at 5 billion dollars at list prices Aegean Airlines Press release 28 March 2018 AIRBUS A321neo About Aegean Aegean Airlines in Greek Retrieved 10 December 2021 Blue Magazine aegeanair com Archived from the original on 9 May 2015 Retrieved 12 November 2015 All HCAA Aircraft May 2013 PDF ypa gr 2 May 2013 Retrieved 19 June 2015 Aegean commits to FANS B upgrade for A320s ATW Online 16 August 2010 Retrieved 29 May 2013 Aviointeriors S p A AVIOINTERIORS DELIVERS THE FIRST THREE A321 SHIPSETS OF COLUMBUS TWO TO AEGEAN AIRLINES Archived from the original on 26 June 2015 Retrieved 3 June 2015 AEGEAN upgrades and expands its fleet 7 brand new Airbus A320 to be added in its existing fleet in 2015 16 27 August 2014 Retrieved 19 March 2015 Aegean Airlines adds two additional aircraft to its previous A320ceo order airbus com Airbus 28 August 2014 Retrieved 19 March 2015 Hofmann Kurt 25 March 2016 Aegean Airlines takes final A320ceo invests in training Air Transport World Archived from the original on 25 March 2016 AEGEAN Airlines firms up order for 30 A320neo Family aircraft www airbus com Airbus 22 June 2018 Archived from the original on 13 November 2021 H AEGEAN epilegei toys kinhthres GTF ths Pratt amp Whitney gia ta nea aeroskafh Airbus ths oikogeneias A320neo About Aegean Aegean Airlines AIRBUS A319 About Aegean web archive org Archived from the original on 18 March 2023 Retrieved 9 April 2023 a b c d Aegean Airlines All about us Fleet aegeanair com Archived from the original on 6 January 2010 Retrieved 9 April 2023 Aegean Airlines News Update ch aviation 29 August 2010 Retrieved 9 April 2023 Lounges Aegean Airlines Retrieved 17 February 2022 External links Edit Media related to Aegean Airlines at Wikimedia Commons Official websitePortals Greece Companies Aviation Retrieved from https en wikipedia org w index php title Aegean Airlines amp oldid 1151850507, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.