Aegean announces order of over 40 aircraft to expand and renew its fleet
Aegean Airlines, Greece's largest airline, has announced a major aircraft order to both expand and renew its fleet. With the investment valued at $5bn, it is the largest private investment in Greece.
Both Airbus and Boeing had been in the running to secure Aegean’s business, but it was the deal was secured by the former. Airbus currently makes up the bulk of Aegean’s fleet, which may have played a part.
The agreement includes the firm order of 30 aircraft; comprising of two types of the Airbus A320neo Family (Α320neo & A321neo), with the option for 12 additional aircraft. The order includes at least 10 aircraft of the largest type of A321neo, with an option to increase this number by further conversions from A320neo to A321neo.
The completion and signing of the final purchase agreement with Airbus, expected in June 2018, will allow Aegean to continue its successful expansion strategy, by increasing its capacity as well as renewing its existing fleet.
Vice Chairman of Aegean, Eftichios Vasilakis, spoke of Aegean’s plans for expansion over the coming years. “Today marks the beginning of new period of growth and development for Aegean”, he said. With the investment in new generation Airbus A320neo aircraft, we strengthen our competitiveness and provide a platform that empowers our people to further improve service to our passengers as well the, important, first impression we provide to visitors of our country.”
Airbus Chief Commercial Officer, Eric Schulz, welcomed the deal and emphasised the popularity of the A320: “We are delighted that Aegean, an all Airbus customer, has chosen the bestselling single Aisle Family, becoming a new operator of the type. The commonality these aircraft offer along with lowest operating costs, longest range and a more spacious cabin make the A320neo Family the best choice for growing airlines such as Aegean.”