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Aegean Airlines orders eight Airbus A320s with an option for another 12 A320s

Analysis

TOULOUSE (Airbus) - Aegean Airlines, the fast-growing Greek airline, has placed a firm order for eight A320s, with options for an additional twelve A320 family aircraft.

The new A320s will replace older aircraft in Aegean's fleet, and also be used for expansion on both domestic and international routes from the airline's main bases at Athens and Thessaloniki. Aegean's scheduled European operations include code-share routes with Lufthansa and Italy's Air One.

Aegean selected the A320 over its competitor after a lengthy and detailed evaluation. The airline's A320s will be equipped with a comfortable two-class layout, and be powered by IAE V2500 engines.

Theodoros Vassilakis, President and Managing Director of Aegean Airlines, underlined that "the choice of Airbus A320 Family is a strategic one for us. The A320 is the leader in comfort, technology and efficiency among single aisle aircraft. The choices within the A320 family offer flexibility for our future growth. With this investment Aegean will have the youngest fleet in our region to further support our commitment of quality to our customers."

"We are very proud to welcome this dynamic airline as a new customer", said Gustav Humbert, President and Chief Executive Officer of Airbus. "Golden Award winner of the year 2004/5, this successful airline has again been elected 2005/6 Silver "Award Airline of the Year" by the European Regions Airline Association. We wish Aegean Airlines an even more successful future, driven by the most modern Airbus aircraft Family."

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