Greece’s largest full-service airline has recently announced an order of eight additional Airbus A321neos. This order expands their fleet of Airbus A320neos, A321neos, and A321neos (LR) from 50 to 58, despite receiving only 34 of the original 50 aircraft. The airline’s latest purchases build on an agreement with Airbus that was first signed in 2018.
Aegean Airlines Continued Growth and Expansion
Aegean Airlines has experienced significant growth over the years and intends to expand further. The airline has stated a goal of increasing passenger numbers from 16.3 million in 2024 to 21.5 million in 2025. A 5% increase in turnover, reaching €1.78 billion, makes this shift expected from the group.
Dimitrios Gerogiannis, CEO of Aegean Airlines, states:
The expansion of our investment plan with the additional order of 8 new Airbus A321neo aircraft is essential for achieving our growth objectives and further enhancing the competitiveness of our operations. It is also clear that we have a strong preference for the larger-capacity and extended-range version of the A321neo type, which will soon represent two-thirds of our Airbus fleet. We thank Airbus for their outstanding partnership, and we once again promise our passengers that we will make the best possible use of our new aircraft, bringing all the creativity and dedication of our team to deliver new services, new destinations, and even better travel experiences.
He continues:
Benoit de Saint-Exupéry, Airbus EVP (Executive Vice President) Sales of the Commercial Aircraft Business, commented “We are delighted that AEGEAN, the largest Greek airline, has once again chosen the fuel-efficient A321neo. This decision underscores AEGEAN’s commitment to operational excellence and enhancing the passenger experience. We value our collaboration with AEGEAN and look forward to continuing our partnership, supporting their growth plans within Europe and beyond.
The A321neo offers exceptional range and performance, helping it become one of Airbus’ best-selling models. Engine improvements and sharklets have consequently led to the aircraft saving more than 20% in fuel burn alongside CO2 reductions. Airbus has further intentions to achieve 100% Sustainable Aviation Fuel (SAF) by 2030.
Aegean’s decision to invest further into the Airbus A321neo aircraft is highly beneficial to the airline as the aircraft is a wise financial choice although it also maximises passenger comfort in one of the widest single-aisle cabins in the sky.
Who Are Aegean Airlines?
Aegean Airlines is the flag carrier of Greece based in the capital city, Athens International Airport (ATH). The airline originally formed as Aegean Aviation in 1987 but later rebranded themselves as Aegean Airlines in May of 1999. Aegean is currently regarded as one of the most successful airlines in Europe and frequently recieves praise for passenger comfort.
The company’s acquisition of Olympic Air in 2013 led to the airline’s expansion of flights, especially between Greek islands. The company claim to believe in strengthening their international network while still fostering national connections.
The airline’s rapid growth has allowed it to reach a network of 161 countries within 25 years of flights, 31 domestic and 130 international.
Aegean Airlines provide customers with a little bit of luxury whilst still being named a ‘budget airline’ by some. Let us know what you think below and whether you would fly with Aegean!
Very insightful article – looking forward to your next.