Aegean Airlines, a full-service Greek carrier, has recently inked a long-term ACMI (wet-lease) agreement with Cyprus Airways, a Cypriot flag carrier. This arrangement involves the leasing of two Airbus A320 aircraft, complete with flight and cabin crews. The first Airbus A320 is scheduled to be delivered to Aegean in December 2023, and the second aircraft will follow in March 2024. This timeline ensures a smooth transition into service and operational integration.
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This collaboration, facilitated by aviation and ACMI specialists, Zela Aviation, is expected to bring about significant benefits for both parties involved. The Cypriot carrier stands to expand its fleet, leveraging the opportunity for better economies of scale. Simultaneously, Aegean Airlines gains an efficient avenue to augment its capacity over the next 12 months.
This symbiotic relationship transcends a traditional lessor-lessee dynamic, emphasizing a strategic partnership geared towards shared success. Paul Sies, Chief Executive of Cyprus Airways, expressed satisfaction with the evolving collaboration, stating, “We are very happy and proud to take the next step in our strategic cooperation with Aegean.”
Andreas Christodoulides of Zela Aviation added his perspective, stating, “We are very proud to have facilitated this project and worked with both flag carriers to see them cooperate further together.” He emphasized the belief in enhancing synergies between the two companies, not only benefiting Aegean Airlines and Cyprus Airways but also elevating the overall experience for their customers. This ACMI agreement unfolds as a win-win proposition for both Aegean Airlines and Cyprus Airways. As the aviation industry continues to navigate the challenges of the post-pandemic era, such collaborations are crucial in fostering resilience and driving growth.