Aegean sees strong growth on Podgorica route

GLOBAL AVIATION NEWS

Spain eyes Air Europa stake

The Spanish government is considering the possibility of acquiring a share in Air Europa after the debacle of the airline’s by the IAG group. Though the Spanish group and Globalia, Air Europa’s parent company, have committed to reviewing the possibility of an agreement before the end of the month, the government is considering becoming a shareholder in the Hidalgo family’s airline. In mid-December last year, IAG and Globalia announced the definitive termination of the agreement signed on November 4, 2019, according to which Iberia agreed to acquire the entire share capital of Air Europa for €500 million. The financial difficulties of the industry in general and the obstacles put in place by the European Commission’s competition authority were the reasons - among others - for that decision. Acording to Nadia Calvino, the Deputy Prime Minister and Minister of Economic Affairs and Digital Transformation, the government is “considering” buying an equity stake in Air Europa. “At the moment we are exploring all possible options”, she said. These options include the possibility of the government taking a “minority stake” in the company or sharing ownership of the airline with IAG and the Hidalgo family, the current owners. Thus, the government could acquire up to 40% of the airline’s shares. Air Europa has received more than 600 million euros from the state in the form of bailouts and economic and financial aid. Among the options being considered by the government is to capitalise part of this debt as shares in the airline. Air Europa suffered record losses of 428 million euros in 2020 and everything seems to indicate that in 2021 it will repeat those losses, having recovered only 19% of the traffic recorded in 2019.

Aegean sees strong growth on Podgorica route

NEWS FLASH

Greece's Aegean Airlines has named Podgorica as its fastest growing route last year. The airline's Regional Airport Manager, Enrico Palombarini, noted the seasonal Athens - Podgorica service, launched in 2017, is registering strong year-on-year passenger growth. "Aegean Airlines has ordered 45 new Airbus A320neo aircraft, with deliveries to start next year. The Montenegrin market is at the top of our list when it comes to frequency increases, once this five billion euro investment comes to fruition", Mr Palombarini said. The Greek national carrier maintains two weekly flights between the two capital cities with a Bombardier Dash 8 aircraft operated by its subsidiary Olympic Air. The airline recently announced it would boost its operations to Belgrade, Dubrovnik and Zagreb over the coming winter season.

Comments

Anonymous10:34
Another missed opportunity for YM. They could have employed those planes they have. Then again these days their operations seem to be falling apart, a lot of flights are experiencing massive delays. That Carpatair ancient F100 broke down the other day in Germany causing a chain reaction.
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Anonymous11:15
Wow, who would have thought! Well done Podgorica!
Let's hope they schedule A320 neat year.
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Aegean sees strong growth on Podgorica route

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