Aegean invests in its future

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Official signing of the purchase agreement with Airbus for the order of up to 42 new generation aircraft of the A320neo family, valued at 5 billion USD at list prices.

AEGEAN announced that the signing ceremony with Airbus for the order of up to 42 new generation aircraft of the A320neo family took place at the company’s maintenance hangar at the Athens International Airport. The purchase agreement was signed by Mr. Eftichios Vassilakis, Chairman of AEGEAN, Airbus Chief Executive Officer Mr. Tom Enders and AEGEAN Chief Executive Officer Mr. Dimitris Gerogiannis.

The investment, valued at 5 billion USD at list prices, represents the largest private investment in Greece and enhances growth prospects for the company, Greek tourism and the country overall. The new aircraft will offer upgraded services to passengers and the ability to reach longer range destinations. The new generation engines contribute significantly in enhancing the company’s competitiveness due to fuel savings and reduced carbon emissions.

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Furthermore, AEGEAN in order to support the training and further development of its flight crew plans to invest €30M, over the next 24 months for the construction of a 12.000m2 Training Center at 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.

As part of this investment, AEGEAN is also launching a scholarship program for 100 pilot cadets in 2018-2019 in order to provide financial support to cover the initial training costs required for becoming a pilot.

Watch the interview of Eftihios Vassilakis, Vice President of Aegean Airlines.

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28.06.18 Category: Blog

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