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Fleet

The fleet consists of 61 aircraft and is currently comprised by 47 Airbus family aircraft and 14 Bomardier Q series family aircraft.

Awards

Aegean is constantly recognized by its customers on an international scale.

Alliances

Alliances and Partnerships play a fundamental role at Aegean. Through Star Alliance and our Partner Airlines we offer seamless connectivity and access to a global airline network.

AEGEAN has been operating in Greece since 1999, and its strategic choice is responsible behavior towards all the stakeholders it addresses and influences, with its decisions and how it operates. In this context, we are systematically implementing a series of actions aimed at:

• Operating with respect to passengers, employees, local communities, our suppliers, state authorities and the environment, as well as the applicable Legal and Regulatory Framework (at national and international level).
• The promotion of our country's cultural heritage
• The development of tourism
• Support for education
• Promoting and enhancing sport
• Support for socially vulnerable groups

Sustainable Development GoalsWe consider it particularly important to recognize and link our economic, social and environmental impacts with broader issues of sustainable development. In this context we use the UN Global Sustainable Development Goals as a reference and strategy tool.

The UN '2030 Agenda', followed by 17 Sustainable Development Goals (SDGs), adopted in September 2015 by the 193 UN member states, including Greece, is an ambitious commitment that can become the road map for the modern way of conducting business.

Achieving the Sustainable Development Goals is a global challenge, but also an opportunity for the Greek business community and society to ensure that the exit from recession and the return to growth is achieved by considering the wider environmental and social constraints and challenges.

You can read more at the AEGEAN Sustainability Report 2018. The report's contents refer to both AEGEAN and Olympic Air.

We invest in our fleet's growth and in the development of our network both domestically and abroad in order to provide connectivity to our most remote islands with mainland Greece, but also with any part of the world, through more foreign destinations and direct connections to the Greek region. Thus, we contribute to the overall upgrading of the Greek tourism product and to the support of local economies.

In 2018 we served 153 destinations, 31 domestic and 122 foreign in 44 countries, offering 17,239,909 seats and having carried 13,971,870 passengers, 5.7% more than 2017. It is worth noting that the increase in traffic, despite the increased competition is the result of network maturity, efficient flight and flight management, and attractive and regular freight offers that have led to higher occupancy. Thus, the increase in traffic exceeded the increase in the capacity offered.

It is worth mentioning that the increase in traffic stems from improved network utilization as well as from the slightly increased number of flights (by 1%) performed in 2018 compared to 2017.

In 2018, AEGEAN also marginally improved the average occupancy rate, a result of its successful commercial policy and its network management. Specifically, the occupancy rate in the entire domestic and international network reached 83.9% from 83.2% in the previous year.

Overall, regarding domestic performance, low tariffs and disproportionately high taxes and airport charges severely curtail economic returns, making the recovery of the significant loss of the average fare that has taken place since the onset of the crisis in Greece a significant issue for the company.

In addition, the gradual expansion of third-party airline business in Thessaloniki is increasing, reducing thusly the company's growth potential.

Signing of the purchase agreement with Airbus

AEGEAN, on June 22, 2018, at the AIA's Technical Base, signed an agreement with Airbus for the order of up to 42 new A320neo aircraft. The agreement was signed by AEGEAN President, Mr. Eftichios Vassilakis, AEGEAN Chief Executive Officer, Mr. Dimitris Gerogiannis and AIRBUS Managing Director Mr. Tom Enders. The $ 5 billion deal in list prices is the largest private investment in Greece and creates new growth prospects for the company, the tourism industry and the country.

Pratt & Whitney GTF™ Engines

AEGEAN, on 22 October 2018, announced the selection of Pratt & Whitney GTF™ engines to equip up to 62 new generation A320neo Airbus aircraft following the agreement with Airbus to order up to 42 new A320neo aircraft, while it also aims to rent up to 20 additional aircraft from aircraft dealers. The GTF will offer the company and our passengers the most economical and environmentally friendly solution available on the market today.

With the three additional Airbus 321 aircraft received in 2018, the AEGEAN fleet consisted of 49 jet aircraft of the A320 family (A319, A320, A321) and 12 Turboprop (Bombardier Dash 8 Q400 and 100 and ATR 42-600) aircraft.

Our employees constitute the core pillar for the achievement of our corporate goals. We are constantly investing in recruitment, organizing Recruitment Open Days and maintain jobs by providing equal opportunities for education and development. We give our employees the opportunity to get acquainted with the areas where the company is active and provide them with the opportunity to join new working groups. Through specially formulated Assessment Centers, we recognize their dynamics and prepare their development. We create and strengthen communication channels making sure we are always close to our people.