AEGEAN AIRLINES S.A.

AEGEAN AILINES ordered six more A320s - New order brings total up to 25 aircraft

AEGEAN AIRLINES, the fast growing Greek airline, has ordered six more A320s. In total the airline has committed to 25 new A320 Family aircraft to date, including two A321s. The first three aircraft was delivered earlier this year. Deliveries are scheduled to take place by 2010. The purchase of the aircraft is valued more than US$ 1.5 billion at list prices. The airline's A320s are powered by IAE V2500 engines and are equipped with a comfortable two-class layout. The A320s will replace gradually 15 existing 737 classics in Aegean's fleet and will give the opportunity for a fleet growth of 2-3 aircraft per year. The A320s will be the cornerstone of AEGEAN's expansion on high traffic routes in Europe and in growing regional markets. In addition, the airline's flight capacity will increase and its operating costs per passenger miles will drop.
Mr. Theodoros Vassilakis, President of AEGEAN AIRLINES stated: "Our success on both domestic and international routes gives us the confidence and the drive to continue to invest in a larger, modern fleet. After the completion of the delivery process, Aegean will operate the youngest fleet in Southeastern Europe and with an average age of less than three years one of the most modern in Europe. By choosing A320 family we are making a significant contribution to protecting the environment. This will further demonstrate our commitment to quality for our customers."
"We are very proud to see a renewed order from Aegean Airlines again this year", said Airbus Chief Operating Officer Customers, John Leahy "and we are happy to contribute to the success of this dynamic airline with our market leading A320 Family."
Further aerodynamic refinements and an all-new lighter cabin help reduce fuel burn and emissions further, and make the A320 Family the most environmentally friendly single-aisle aircraft in operation. Centralised maintenance with extended servicing intervals, and proven reliability in day-to-day service contribute to give it the lowest operating costs. The A320 Family share operational commonality, and fly by wire controls, which means crews can work across the entire Family range with minimal re-training.
The Family has the widest cabin in the single aisle market, and this offers operational advantages such as fast turn around times. It also offers passengers added cabin space and comfort. More than 5,300 A320 Family aircraft have been ordered to date of which over 3,100 have been delivered to 184 customers worldwide, making it the best selling commercial jetliner ever.