AEGEAN signs $5 bln deal for new aircraft

AEGEAN signs $5 bln deal for new aircraft

AEGEAN signed on Friday a $5 billion deal with Airbus for the order of up to 42 new generations aircraft, in the largest private investment in Greece.

At a ceremony attended by top Greek government officials, senior political leaders, diplomats and business leaders, the company said that the deal will enhance its growth prospects, Greek tourism and the country overall.

"AEGEAN was established 19 years ago with the vision of creating a high quality carrier in Greece, focusing on the needs of the passengers. We are very proud today, to be implementing a dual investment on new generation Airbus A320neo aircraft, as well as to the development of our people,” said Eftichios Vassilakis, Chairman of AEGEAN.

The new aircraft will offer upgraded services to passengers and the ability to reach longer range destinations, while the new generation engines will contribute significantly in enhancing the company’s competitiveness due to fuel savings and reduced carbon emissions.

In order to support the training and further development of its flight crew, AEGEAN plans to also invest 30 million euros over the next 24 months for the construction of a 12.000 square meter training center at the Athens International Airport.

The center will provide purpose-built classrooms as well as state-of-the-art flight simulators that will cover the total training needs of AEGEAN pilots and cabin crew members, the company said.