Association of European Airlines
EU clears 120 million euros to support Greece's Aegean Airlines
EU regulators approved on Wednesday a state grant of 120 million euros ($146.48 million) for Greece's national carrier Aegean Airlines to help the airline with damage suffered during the coronavirus crisis.
Aegean shifts attention to regional airports
Aegean Airlines announced on Thursday that it will be expanding its services linking cities abroad with Greek regional airports in 2021, as passengers tend to avoid transfers to minimize their exposure to the coronavirus.
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Air travelers face disruptions due to work stoppages
Air commuters will face disruptions on Wednesday, Thursday and Friday as Aegean Airlines and Olympic Air announced they are canceling or rescheduling their domestic and international flights today due to a series of work stoppages over the next three days by employees of the Civil Aviation Service, including the Greek Air Traffic Controllers Association (EEEKE) and the Union of Air Traffic Safe
Aegean Airlines reports third quarter loss as pandemic hits travel
Greece's largest carrier Aegean Airlines reported on Tuesday a 28.3 million euro ($33.6 million) loss for the third quarter as passenger traffic fell and aircraft were grounded during the coronavirus pandemic.
Gov’t announces capital boost for Aegean Airlines
Greece is considering a capital injection of around 120 million euros for Aegean Airlines, the government said on Monday, adding that the nation's biggest carrier was crucial to the tourist-reliant economy.
The news drove the carrier's shares 7.35% lower on closing on Monday.
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Cash boost proposed for Aegean Airlines
The Greek government has sent a proposal to the European Commission for providing assistance to Aegean Airlines.
If it is approved, the Greek carrier would receive 120 million euros from the state and at least €60 million from its stakeholders, Kathimerini understands.
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All flights to Tivat cancelled - the collapse of Montenegrin tourism is imminent
These are flights that have not been operating since mid-March, when the National Coordination Body for Infectious Diseases introduced a temporary ban on flights at airports in Montenegro due to the outbreak of the coronavirus, Vecernje Novosti writes.
This decision of the Russian airline represents a strong blow to the stumbled Montenegrin economy, especially tourism.
Aegean phases in international flights
Monday's resumption of a considerable number of international flights to Athens and Thessaloniki produced a marginally satisfactory occupancy rate for Aegean Airlines, Kathimerini understands.
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Aegean reintroducing international flights on June 15
Aegean Airlines will reintroduce international flights and services to all Greek airports as of June 15, as part of the gradual easing of measures introduced during the coronavirus pandemic, the company said on Wednesday.
Gov’t tailwind of €115 million
The government on Thursday announced the allocation of 115 million euros to support the local airline industry, which Greek flag carrier Aegean Airlines considered positive but "too little in comparison with other European Union states." Instead the listed carrier is eyeing a €150 million state loan through the extraordinary credit mechanism for companies.
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