Aegean

In a bid to enhance bilateral relations between the two countries, Türkiye and Greece have canceled their scheduled military exercises in the Aegean Sea, and are holding small-scale training instead.

Despite the recovery of tourism, which in 2022 helped companies such as Aegean, Autohellas and Attica Group to break historic records in their results, ferry company ANEK has recorded a further deterioration in its financial position.

The return to provocative statements by Turkish officials after the lull in tensions since the February earthquakes is being attributed in Athens to the election campaign in the neighboring country.

Aegean Airlines and CAE announced on Thursday that they will join forces to create the first modern flight simulator and crew training center in Greece.

Last year Aegean Airlines outperformed its record of 2019, when there had been no Covid-19 restrictions.

Compared to the last year before the pandemic, the airline group added 2% in turnover and 36% in profits after taxes, which amounted to 1.34 billion euros and €107 million respectively.

Turkey wants to "share the wealth of the Aegean," its defense minister, Hulusi Akar, said at the weekend, while Ankara seeks to maintain a low tone in Greek-Turkish relations and is sending signals of cooperation to Athens. In interviews with CNN Turk TV and the Anadolu Agency, Akar referred positively to the phone conversation he had with his Greek counterpart Nikos Panagiotopoulos.

Greek flag carrier Aegean Airlines is seeking its further expansion abroad through a number of targeted moves.

Greece's leading airline is seeking to land state-subsidized services out of Skopje and Ochrid airports in North Macedonia to European destinations.

John Psaropoulos joins Thanos Davelis to look at why Greece is now considering extending its territorial sea - as it's entitled to under international law - around the island of Crete despite Ankara's threats in the Aegean, and break down what such a move would mean for the region. We also explore the role of the US as Turkey ramps up tensions. 

Türkiye has warned Greece once again that it will never accept extending its territorial waters to more than 6 miles in the Aegean Sea amid reports that Athens is beginning to mull over increasing its sovereign waters to up to 12 miles off Crete island in the region.

A true gem on the edge of the Aegean Sea, where the Thracian Sea merges with streams and centuries-old plane trees