Aegean Airlines counting on help from the government

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Aegean Airlines

Greek national carrier Aegean is hoping for government support after the company suffered massive losses due to the coronavirus (Covid-19) outbreak, GTP Headlines reported.

According to Aegean Chairman Eftichios Vassilakis, it will take the Greek airline at least six months to recover and two to three years to reach pre-coronavirus levels with revenue currently at 0.05 percent of its daily total.

Vassilakis, who is also vice president of the Greek Tourism Confederation (SETE), said that the top priority now was to protect the airline and make sure it will be flying once the coronavirus crisis subsides.

“Right now, we are working to continue operations without any demand… and at the same time making efforts not to betray our relationships with our employees, with our customers, with our suppliers,” said Vassilakis.

The head of Greece’s multi-awarded airline went on to add that if worse comes to worse the company will be forced to lay off personnel.

Lastly, he added that the Covid-19 crisis will inevitably change the landscape in the aviation and transport sector and that if Aegean is to remain in the air it will have to redefine its entire operations plan.

*Source: GTP Headlines


GTP is the leading travel information provider for the Greek travel industry. It holds and maintains the largest and most updated database in Greece' s tourism industry. Through its printed guide and the web site, it creates information channels that facilitate advanced Greek tourism business network. GTP started in 1975, with its printed edition and since then it has become an essential tool for the tourism professionals. It collects and manages the entire Greek tourism data and disseminates this information in a structured and well formatted way., GTP's on line version, was launched in 1998 and since then it serves more than 150.000 visitors per month. This tourism portal has broadened the audience of GTP and has spread the entire tourism data to final consumers.