Aegean Airlines, which on Wednesday submitted a bid for the purchase of Olympic Airways, on Friday announced that it will freeze ticket fares for domestic flights until 2010 if negotiations with the Greek government over OA’s acquisition lead to a deal. In an announcement, Aegean Airlines reiterated that its primary motivation in submitting a proposal […]
International Herald Tribune ATHENS, Greece: Greece’s Aegean Airlines on Wednesday offered €170 million ($214 million) to buy debt-ridden state carrier Olympic Airlines. The offer came a month after the conservative government made a public appeal for investors to rescue Olympic, following a previous tender that failed to attract sufficiently high bids. State television said U.S.-based […]
ATHENS, Jan 27 (Reuters) – Greece’s largest private airline Aegean Airlines (AGNr.AT) carried 6 million passengers in 2008, up 14 percent year-on-year thanks to a boom in its international business, the company said on Tuesday. Aegean, whose main competitor Olympic Airlines [OLY.UL] is being privatised, said passengers on domestic flights rose 9 percent, while international […]
ATHENS, Dec 5 (Reuters) – Greek carrier Aegean Airlines (AGNr.AT: Quote, Profile, Research, Stock Buzz) said on Friday it will cut ticket surcharges by up to 3 euros ($3.84) for domestic and international flights thanks to tumbling oil prices. Greece’s largest private carrier, whose main competitor Olympic Airlines [OLY.UL] is being privatised, raised surcharges in […]
Reuters ATHENS, Dec 2 (Reuters) – Greece’s largest private carrier, Aegean Airlines (AGNr.AT: Quote, Profile, Research, Stock Buzz), said on Tuesday it will expand its European routes next year despite the global downturn, adding it has no interest in the privatisation of Olympic Airlines. The airline, which has taken a lot of ailing state carrier […]
ATHENS, Oct 5 (Reuters) – High fuel prices and a world credit crisis will affect Greek carrier Aegean Airlines’s (AGNr.AT: Quote, Profile, Research, Stock Buzz) full-year results, its vice-president told a newspaper on Sunday. “The rise in oil prices will affect our profitability for the full year but will not affect our cash flows, so […]
Starting on June 1st, Greece will use only electronic airline tickets, following a decision by the International Air Transport Association. National air carrier Olympic Airlines and Aegean Airlines say they are ready for the change. According to the IATA’s 2008 Corporate Air Travel Survey of 1,000 frequent airline passengers, some 89% prefer e-tickets.