Archive for the 'Aegean Airlines' Category

Aegean to announce 2010 net loss of over €22 million

Monday, February 14th, 2011

Atow Aegean Airlines, whose proposed merger with competitor Olympic Air was blocked by the European Commission last month (ATW Daily News, Jan. 27), said it expects to report a net loss of €22-€24 million ($30-$33 million) for 2010 and warned that a loss for the current year is “very likely” owing to higher fuel prices […]

Dark skies for Olympic/Aegean Merger?

Monday, January 24th, 2011

New Europe The case of the merger of two private Greek airliners, Olympic and Aegean is on the spotlight again as the European Commission has to decide, next week whether such merger is possible or not. Almost a year ago, the boards of the two airlines agreed a merger. As we reported at the time, […]

Greek airlines merge- Olympic and Aegean

Tuesday, February 23rd, 2010

Greece’s two major airlines, Olympic Air and Aegean Airlines SA, are merging to create a “national airline champion,” the companies said in a statement Monday. The two airlines together have 97 per cent of the Greek domestic air travel market and will use the name Olympic Air after a transition period in which the Aegean […]

Aegean Air rebuts Olympic Istanbul route concerns

Thursday, September 24th, 2009

ATHENS, Sept 22 (Reuters) – Aegean Airlines, Greece’s largest carrier by passengers, on Tuesday rejected concerns from rival Olympic Air that an expansion of Aegean’s route network to Istanbul was handled incorrectly by the domestic aviation authority. Olympic Air, created after the privatisation of Greece’s loss-making Olympic Airlines, is set to start flying Oct. 1. […]

Aegean Air bids for subsidised routes in Greece

Wednesday, August 26th, 2009

ATHENS, Aug 26 (Reuters) – Greek carrier Aegean Airlines (AGNr.AT) said on Wednesday it took part in the Greek government’s tender of state-subsidised routes, seeking to service 17 mainly island destinations. Aegean, which competes with recently privatised Olympic Air, said it offered to service the routes with AVRO RJ 100 112-seat jets and ATR 72 […]

Greek carrier Aegean to start flights to Turkey

Wednesday, June 17th, 2009

ATHENS, June 17 (Reuters) – Greek carrier Aegean Airlines (AGNr.AT) said on Wednesday it will start a daily service to Istanbul, Turkey from Sept. 9, expanding its international routes. Aegean, Greece’s largest airline by passenger numbers in 2008, competes with recently privatised Olympic Airlines. The airline has been steadily expanding its routes outside Greece, adding […]

Greece’s Aegean Airlines joins Star Alliance

Thursday, May 28th, 2009 Aegean Airlines is joining the Star Alliance airline network and expects to become a full member by 2010, the Greek carrier announced Tuesday. The 10-year-old private airline could face stiffer domestic competition after Greece’s government reached a deal in March to sell ailing state carrier Olympic Airlines to an investment group. Aegean currently serves […]