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Greek carrier Aegean signs $5 billion order for Airbus A320 neo planes

Greece's largest carrier Aegean Airlines signed a $5 billion deal with Airbus for up to 42 aircraft to renew its fleet of single-aisle planes, stay competitive and add capacity for future expansion.

It is the largest order by a Greek carrier and third time Aegean has invested in new aircraft since launching operations 19 years ago.

Aegean Air picks Airbus for $5 billion order of 42 planes

Aegean Airlines will order 42 aircraft worth $5 billion (4 billion euros) from Airbus as Greece's largest carrier renews its fleet of single-aisle planes, company executives said on Wednesday.

The order is the largest by a Greek carrier and one of the biggest investments by a private Greek company since the country's debt crisis broke out in 2010.

Greek carrier Aegean grew passenger traffic by 6 percent in 2017

Greece's largest carrier Aegean Airlines said on Monday it flew 6 percent more passengers last year, mostly on international flights, hitting a record 13.2 million passengers.

Aegean, a member of the Star Alliance airline group, improved its load factor to 83.2 percent last year from 77.4 percent in 2016, riding on a strong tourism year.

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