Aegean Airlines-Olympic Air: One Year After The Merger

One year after its merger with Olympic Air, Aegean Airlines has moved to a new path of growth, counting 50 aircraft, 9.8 million passengers, 2,400 employees and 2 technical hangars.

According to an announcement released by Aegean on the occasion of the one-year anniversary of the merger with Olympic Air, intensive activity and synergies have resulted this year in a total and joint coverage by both airline companies of a network of 120 destinations, domestic and international, in 33 countries with 13 million available seats (1.2 million more than at the beginning of the union).

Aiming to fulfill its promise for full coverage within Greece and assure access to every island, Aegean Airlines currently flies to 33 destinations in the country. Specifically, apart from the main destinations where growth appeared, the average fare dropped by up to 34 percent in small destinations covered by only one company.

Furthermore, there has been an increase in travel, Aegean Airlines reported. According to the airline, travel increased by 66 percent in Kefalonia, 36 percent in Karpathos and 44 percent in Zakynthos.

Aegean Airlines has also announced that a $300 million investment has been made to add seven brand new Airbus A320ceos to its fleet for the period 2015-2016.

“This has been a great start for the creation of a company with significant presence in the international scene. Every next year shall be a challenge for us, bringing new destinations, innovative services and competitive airfares, while developing the organizational potential of the company and our people,” Eftichios Vassilakis, Vice-chairman of Aegean Airlines said.