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Aegean Airlines

Aegean Airlines
Founded 1987 (as Aegean Aviation)
Commenced operations March 1999
Secondary hubs
Frequent-flyer program Miles&Bonus
Alliance Star Alliance
Fleet size 30
Destinations 46
Company slogan ."I want to fly now"
Headquarters Kifisia, Attica, Greece
Key people
Website www.aegeanair.com

Aegean Airlines S.A. (Greek: ,[1] pronounced [aeroporia eeu]; LSE0OHY) is 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 destinations. Its main base is Athens International Airport in Athens, with secondary hubs at Thessaloniki International Airport, "Macedonia", Heraklion International Airport, "Nikos Kazantzakis" and Larnaca International Airport. It has its head office in Kifisia, a suburb of Athens.[2]

In 2009, it carried 6,600,000 passengers[3] surpassing for the first time its rival Olympic Airlines, which carried 5,265,729 passengers.[4] In 2010 Aegean Airlines carried 6,100,000 passengers, of which 50% were foreigners.[3]

In October 21, 2012 Aegean Airlines announced that it had struck a deal to acquire Olympic Air, pending approval by the European Commission. Both carriers would continue to operate under separate brands after the acquisition.[5]


History [edit]

Aegean Airlines was founded as Aegean Aviation in 1987.[6] It was originally a VIP/business air operation specialising in executive and air ambulance services. On 17 February 1992, it became the first airline to be issued with a Greek independent air operator's licence.[6] After it was bought by Vasilakis Group in 1994, Aegean Aviation commenced VIP flights from Athens all over the world with wholly owned Learjet aircraft. The Aegean Airlines name was adopted with the start of scheduled passenger services at the end of May 1999.[6]

Aegean's first commercial flights were from Athens to Heraklion, Crete and Thessaloniki with 2 brand-new wholly owned BAe 146/RJ100. In 1999 Aegean also bought Air Greece.[6] After an agreement in March 2001 to merge Aegean and Cronus Airlines, the company operated for a while as Aegean Cronus Airlines until full integration.[6][7] Since 2005, the airline has been in partnership with Lufthansa, offering participation in the Miles & More programme, and its flights, in addition to its A3 code also have the Lufthansa LH code.[6] In March 2006, Aegean Airlines also entered into a co-operation agreement with TAP Portugal .[6] In December 2008, Aegean Airlines announced its co-operation with Brussels Airlines.[8]

In 2009, Aegean Airlines started codeshare agreements with; bmi, Brussels Airlines, Lufthansa and TAP Portugal. The Greek airline was the first Airline in the world to start a codeshare agreement with anybody.

The airline is owned by Laskaridis Group (25.3%), Vassilakis Group (45.2%), B Konstantakopoulos (8.3%), D Ioannou (8.1%), G David (6.3%) and Piraeus Bank (5.9%) and has 2,300 employees (2009).[9]

On 26 May 2009, the Aegean Airlines' membership application being approved by the Chief Executive Board of Star Alliance. Aegean officially joined the alliance on 30 June 2010.

Attempted merger with Olympic Air [edit]

In February 2010, initial shareholder discussions took place to consider co-operation between Aegean Airlines and Olympic Air fueling rumours of a possible merger. [10] On 22 February 2010, Olympic Air and Aegean Airlines announced that they agreed to a merger.[11][12][13] The newly merged airline was to carry the Olympic brand name and logo, after a transition period in which both airline brands will be used in parallel.[11] The Aegean brand would cease to exist after the transition period. It was expected that the merger would be finalised and the new combined airline would begin operation by October 2010.[13][14]

Aegean joined Star Alliance at the end of June 2010.[11] 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.[15] 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".[16]

On 26 January 2011, the European Commission blocked the merger between the two airlines, citing anti-competition concerns.[17][18][19] 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.[20] 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,[17] with no realistic prospects that a new airline of sufficient size would enter the market to restrain the merged airline's pricing.[18] 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.[19] 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.[19] 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.[17]

Destinations [edit]

Partnerships [edit]

Commercial [edit]

Codeshare agreements

Aegean Airlines has codeshare agreements with the following airlines:[21]

Technology [edit]

In 2009 Aegean decided to outsource its Passenger Service System (PSS) to Amadeus.[25] The migration to Altéa was completed in the first quarter of 2010.[26]

Charter Flights [edit]

During summer season, Aegean Airlines operates seven A320 to perform charter services in association with major tourist operators. The charter flights mostly connect the Greek Islands to Austria, Sweden, Norway, Finland, Poland, Italy, France, United Kingdom, Russia, Ukraine, Romania, Hungary and Israel.[27]

Fleet [edit]

As of March 2013, the Aegean Airlines fleet consists of the following aircraft with an average age of 5 years:[28][29][30]

Aegean Airlines fleet
Aircraft In Service Orders Passengers Notes
Airbus A319-100 2 0 138
Airbus A320-200 24 0 168 SX-DVQ painted in Star Alliance Livery
Airbus A321-200 4 0 195
Total 30 0

In August 2010, Aegean became the first airline to commit to upgrading its Airbus A320 fleet with FANS-B+ datalink system offered by Airbus, which will be mandated by February 2015 across European Airspace.[31]

In Spring 2011, the last RJ-100s were retired, and sold.[citation needed]

Awards and recognition [edit]

Aegean Airlines has received a number of awards and recognitions:[32] (*Airport issued awards not included)

References [edit]

  1. ^ " ". aegeanair.com. Archived from the original on 29 June 2011. Retrieved 19 June 2011. 
  2. ^ "Headquarters." Aegean Airlines. Retrieved on 22 February 2010. "Aegean Airlines Headquarters 31, Viltanioti Str. 145 64, Kifisia, Athens, Greece" Address in Greek: 31 145 64, ,
  3. ^ a b "Annual Reports". Aegeanair.com. 27 January 2009. Retrieved 16 July 2011. 
  4. ^ " -last update: 2009". Airliners.gr. 7 January 2008. Retrieved 5 May 2009. 
  5. ^ http://atwonline.com/airline-finance-data/news/aegean-strikes-deal-acquire-olympic-air-1022
  6. ^ a b c d e f g "Milestones". Aegean Airlines. en.aegeanair.com. Retrieved 4 February 2009. 
  7. ^ "Directory: World Airlines". Flight International. 27 March 2007. p. 45. 
  8. ^ Georgiopoulos first=George (2 December 2008). "Greece's Aegean Air to grow routes despite downturn". Reuters. Retrieved 5 December 2008. 
  9. ^ "Aegean Airlines ". Aegeanair.com. Retrieved 5 May 2009. 
  10. ^ "Olympic Air and Aegean Air mulling cooperation". 11 February 2010. 
  11. ^ 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. 
  12. ^ Staff (22 February 2010). "Aegean, Olympic Air Announce Merger". Capital.gr. Archived from the original on 30 March 2010. Retrieved 23 February 2010. 
  13. ^ a b Staff (22 February 2010). "Greek airlines agree merger: statement". AFG. Retrieved 23 February 2010. [dead link]
  14. ^ Staff (22 February 2010). "Greek airlines merge". CTV. Retrieved 23 February 2010. 
  15. ^ Staff (23 February 2010). "Aegean Airlines and Olympic Air to merge". Retrieved 23 February 2010. 
  16. ^ Bruce, Michael (23 February 2010). "Greek merger". travelweekly.com.au. p. 3. Archived from the original on 31 March 2010. Retrieved 24 February 2010.  Text "PDF" ignored (help)[dead link]
  17. ^ 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. 
  18. ^ 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. 
  19. ^ a b c Chee, Foo Yun (26 January 2011). "EU blocks Olympic/Aegean merger, says anti-competitive". Reuters. Retrieved 26 January 2011. 
  20. ^ 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. 
  21. ^ "Code share agreements". Aegean Airlines. Retrieved 8 August 2010. 
  22. ^ http://airlineroute.net/2011/07/14/a3oa-codeshare/
  23. ^ "Singapore Airlines And Aegean Airlines Sign Codeshare Agreement". Singapore Airlines. Retrieved 19 November 2012. 
  24. ^ "US Airways and Aegean Airlines announce new codeshare agreement". Aegean Airlines. Retrieved 30 June 2011. 
  25. ^ http://en.aegeanair.com/all-about-us/press-office/press-releases/press-release/?prid=66
  26. ^ http://www.amadeus.com/uk/x181741.html
  27. ^ http://en.aegeanair.com/travel-information/charter-services/
  28. ^ http://el.aegeanair.com/i-etaireia/o-stolos-mas/
  29. ^ http://el.aegeanair.com/i-etaireia/periodiko-blue/
  30. ^ http://www.planespotters.net/Airline/Aegean-Airlines
  31. ^ "Aegean commits to FANS-B+ upgrade for A320s". 16 August 2010. Retrieved 16 August 2010.  Text " ATW Online " ignored (help)
  32. ^ "Aboust Us: Awards". Aegean Airlines. aegeanair.com. Retrieved 23 August 2010. 

External links [edit]

This article based on this article: Aegean_Airlinesexternal Link from the free encyclopedia Wikipediaexternal Link and work with the GNU Free Documentation License. In Wikipedia is this list of the authorsexternal Link.