Aegean and Cyprus Airways Strengthen Their Strategic Cooperation

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, while 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 allow Cyprus Airways to grow its fleet and benefit from better economies of scale while providing Aegean Airlines 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 optimize 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. We believe in strengthening the synergies between the two companies that will benefit both companies and provide better products and services to the airlines’ customers.