Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Greece
  4. ATHENS STOCK EXCHANGE
  5. Aegean Airlines S.A.
  6. News
  7. Summary
    AEGN   GRS495003006

AEGEAN AIRLINES S.A.

(AEGN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Aegean Airlines S A : increases its participation in Animawings and thus further strengthens its presence in the Romanian market

10/14/2021 | 11:32am EST

PRESS RELEASE

AEGEAN increases its participation in Animawings and thus further strengthens its presence in the Romanian market

Athens, October 14th, 2021

AEGEAN announces the increase of its shareholding participation in Animawings, the airline member of the Romanian travel Group - Memento (Christian Tour), from 25% to 51%. AEGEAN will overtime co-manage the airline contributing its expertise to further strengthen its operational activities.

This is the second phase in Aegean's involvement that was initiated in early 2020, when AEGEAN acquired a 25% participation in the airline, established by Memento Group (Christian Tour). It should be noted that for more than 12 years, Christian Tour, one of Romania's Leading Tour Operators, has been an important and long-standing customer of AEGEAN, operating charter flights from Romania to Greece. The total investment on behalf of AEGEAN for the 51 % stake in Animawings 51%, amounts to 1,3 million euro.

In summer 2022, Animawings will operate with 3 aircraft sourced from AEGEAN's fleet. The flight program will mainly support the leisure segment from Romania with both charter and scheduled flights. The schedule for 2022 will be announced by mid-November and is expected also to further support tourism to Greece. AEGEAN will oversee and support operations, while the commercial support of Animawings will continue to be carried out mainly by Memento Group.

Dimitris Gerogiannis, AEGEAN CEO, said: "The long-standing and successful partnership with Christian Tour, is evolving into a joint business venture in Romania. We strongly believe in the potential of the Romanian market and the capabilities of our partner Memento Group. We will proceed with careful, gradual steps, focusing on quality services to the passengers of the joint airline and as always on further supporting Greek tourism. For us, partnerships through established relationships are embedded on our DNA and we consider them as a prerequisite for the new post-pandemic era".

Cristian Pandel Founder of Animawings and President of Memento Group, commented: "Animawings is ready to pass in the second phase of growth and I am very confident that expanding the partnership with AEGEAN will bring many benefits in the sense of imposing our company as a top player in the local and regional aviation market. AEGEAN's involvement will continue and increase in the next period, bringing support and know-how to all Animawings departments through specialists with extensive experience in various aviation-specific processes and systems."

Disclaimer

Aegean Airlines SA published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2021 15:31:09 UTC.


ę Publicnow 2021
All news about AEGEAN AIRLINES S.A.
11/29AEGEAN AIRLINES S A : Regulated information according to Law 3556/2007
PU
11/24Aegean Airlines posts first quarterly profit since pandemic struck
RE
11/24AEGEAN AIRLINES S A : Nine Month 2020 Results & KPIs
PU
11/24AEGEAN AIRLINES S A : Third quarter and nine-month 2021 trading update
PU
11/24Aegean Airlines S.A. Reports Earnings Results for the Third Quarter and Nine Months End..
CI
11/23AEGEAN AIRLINES S A : Are you ready for the ultimate driving experience?Read More
PU
11/16AEGEAN AIRLINES S A : Are you ready for the ultimate driving experience?
PU
11/16Avation PLC Signs Agreements for the Sale of Three ATR 72-600 Aircraft to Aegean Airlin..
CI
11/12Miles+Discount service is no longer available
PU
11/04Miles+Cash, A new miles redemption option for your flights with full flexibility!
PU
More news
Financials
Sales 2021 641 M 725 M 725 M
Net income 2021 60,0 M 67,9 M 67,9 M
Net Debt 2021 237 M 269 M 269 M
P/E ratio 2021 9,71x
Yield 2021 -
Capitalization 430 M 487 M 487 M
EV / Sales 2021 1,04x
EV / Sales 2022 0,78x
Nbr of Employees 2 699
Free-Float 38,0%
Chart AEGEAN AIRLINES S.A.
Duration : Period :
Aegean Airlines S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AEGEAN AIRLINES S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 4,77 €
Average target price 6,88 €
Spread / Average Target 44,2%
EPS Revisions
Managers and Directors
Dimitrios Christodoulou Gerogiannis CEO, Executive Director & Managing Director
Michael Kouveliotis Chief Financial Officer
Eftichios Theodorou Vassilakis Executive Chairman
Konstantinos Alexandrou Kalamatas Independent Non-Executive Director
Natalia Nikolaidis Independent Non-Executive Director
Sector and Competitors