Aegean and Cyprus Airways strengthen their strategic cooperation

Editor -
  • Long-term aircraft wet lease agreement signed
  • Two Airbus A320 with crews leased to Aegean Airlines
  • Airline cooperation extended also on an operational level

21 December 2023 – Larnaca, Cyprus. Aegean Airlines and Cyprus Airways have signed a long-term ACMI (wet lease) deal in which the Cypriot flag carrier will lease two Airbus A320 aircraft to the Greek flag carrier including cockpit and cabin crews. The first aircraft will join the Aegean fleet in December, whilst the second lease will commence at the end of March 2024. The agreement was facilitated by aviation and ACMI specialists, Zela Aviation.

This unique cooperation will provide both Aegean Airlines and Cyprus Airways with a win-win solution allowing the Cypriot carrier to grow its fleet and benefit from better economies of scale, whilst also providing Aegean with an efficient method to add capacity over the coming 12 months.

Paul Sies, Chief Executive of Cyprus Airways stated, “We are very happy and proud to take the next step in our strategic cooperation with Aegean. We already have an extensive codeshare agreement in place where we work closely to offer and optimise our joint products and services. We are now taking our cooperation to the next level and working closely with Aegean, also on an operational level.”

Andreas Christodoulides of Zela Aviation added, “We are very proud to have facilitated this project and worked with both flag carriers to see them cooperate further together. We believe in strengthening the synergies between the two companies that will not just benefit both companies but will also provide better products and services to the airlines’ customers.