Categories: Greek NEWS

Aegean Airlines partners up with Athens’ 8-billion-euro Hellinikon Project

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Aegean Airlines has announced a major partnership with the much-anticipated Hellinikon Project as they have contracted with Lamda Development to become its exclusive carrier and have also agreed to promote the 8-billion-euro project with a 20-million-euro investment in share capital.

Lamda Development plans to turn the abandoned site at Athens’ former airport into a complex of luxury residences, hotels, a yachting marina, casino and it will also feature restaurants, parks and sporting facilities at a total cost of about 8 billion euros.

In a statement, Aegean said it would present its passengers with the features, services, experiences, and products they can enjoy as the large coastal metropolitan park is being constructed. “Aegean will use its inflight media to present its passengers with project material and information relating to the new services, experiences, and products that become available as the project evolves. The objective of the effort is to amplify awareness of the project and therefore, contribute to its successful progress.”

Through this collaboration, Aegean has been named ‘Hellinikon’s Exclusive Air Carrier’, and will from now on be promoted as such by the developer in presentations and communications material in Greece and abroad.

“The Hellinikon Project is a transformational development of utmost national significance taking place, at the center of our activity, our Athens hub. It will serve to further upgrade the image of Athens internationally, as well as mitigate tourism seasonality, by creating new products and reasons to visit, helping the city become an even more attractive city break destination. AEGEAN, the main Carrier of Greece and Athens, has every reason to support a project that creates such powerful synergies to all tourism constituents,” said Mr. Eftichios Vassilakis Executive Chairman of Aegean.

The Greek airline will also buy Lamda Development shares equal to 1.66 percent of the latter’s share capital and participate in the company’s planned share capital increase. The total investment in Lamda’s share capital will amount to 20 million euros, it said.

‘Hellinikon Project’ to move ahead as 100% Greek owned

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This post was last modified on October 8, 2019 1:44 pm

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