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AEGEAN invests future growth and development

27th July 2018 - 3:40pm

On 22nd June 2018, Aegean officially signed the purchase agreement with Airbus for the order of up to 42 new generation aircraft of the A320neo family, valued at 5 billion USD at list prices. This represents the largest private investment in Greece and enhances growth prospects for the company, Greek tourism and the country overall.

The new aircraft will offer upgraded services to passengers and the ability to reach longer range destinations. The new generation engines contribute significantly in enhancing the company’s competitiveness due to fuel savings and reduced carbon emissions.

Aegean also plans to invest €30M over the next 24 months in order to support the training and further development of its flight crew and for the construction of a 12.000m2 Training Center at Athens International Airport. The center will provide purpose-built classrooms as well as state-of-the-art flight simulators that will cover the total training needs of Aegean pilots and cabin crew members.

As part of this investment, Aegean is also launching a scholarship program for 100 pilot cadets in 2018-2019 in order to provide financial support to cover the initial training costs required for becoming a pilot.

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