The relationship between Aegean and Volotea have joined forces. The two carriers had already signed an agreement to market flights between Athens or Thessaloniki to some fifteen European destinations (including Paris-CDG and Nice).
From now on, the partnership will also be financial. Aegean announced on 3 September an investment of 25 million euros in Volotea. Aegean is thus consolidating its presence throughout Europe, with Volotea having carried 10.3 million passengers on its 41 aircraft in 2023.
The company serves more than 400 routes, including a twenty or so stopovers in France. The latest is Rodezlinked to Paris-Orly with 11 weekly flights.
The initial investment of €25 million is being made by joining Volotea's existing shareholders in a global capital increase of up to €50 million. Depending on Volotea's financial performance in 2024, there could be a second tranche of convertible loans in the second quarter of 2025 for an additional amount of up to 50 million euros. Aegean could again contribute 25 million euros.
At the same time, Aegean and Volotea have signed a memorandum of understanding for cooperation in distribution and other commercial areas, in order to exploit the synergies between the two companies.
More specifically, commercial cooperation will focus initially on the cross-selling of products on the online sites of both companies. They will also jointly operate new routes between Greek regional airports and the rest of Europeincluding, once again, France.
