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Aegean and Cyprus Airways strengthen their strategic cooperation 

Paul Sies
Paul Sies

Long-term aircraft wet lease agreement signed

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

Andreas Christodoulides, Chairman Zela Aviation.

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.

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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