Aegean and Cyprus Airways strengthen their strategic cooperation

  • Long-term aircraft wet lease agreement signed
  • Two Airbus A320 with crews leased to Aegean Airlines
  • Airline cooperation extended also on an operational level

21 December 2023 – Larnaca, Cyprus. Aegean Airlines and Cyprus Airways have signed a long-term ACMI (wet lease) deal in which the Cypriot flag carrier will lease two Airbus A320 aircraft to the Greek flag carrier including cockpit and cabin crews. The first aircraft will join the Aegean fleet in December, whilst the second lease will commence at the end of March 2024. The agreement was facilitated by aviation and ACMI specialists, Zela Aviation.

This unique cooperation will provide both Aegean Airlines and Cyprus Airways with a win-win solution allowing the Cypriot carrier to grow its fleet and benefit from better economies of scale, whilst also providing Aegean with an efficient method to add capacity over the coming 12 months.

Paul Sies, Chief Executive of Cyprus Airways stated, “We are very happy and proud to take the next step in our strategic cooperation with Aegean. We already have an extensive codeshare agreement in place where we work closely to offer and optimise our joint products and services. We are now taking our cooperation to the next level and working closely with Aegean, also on an operational level.”

Andreas Christodoulides of Zela Aviation added, “We are very proud to have facilitated this project and worked with both flag carriers to see them cooperate further together. We believe in strengthening the synergies between the two companies that will not just benefit both companies but will also provide better products and services to the airlines’ customers.

About Zela Aviation:

Zela Aviation since establishment in 2006 has been active in the field of aircraft wet / dry leasing, chartering and aircraft sales maintaining offices in Cyprus, Greece and the United Kingdom. Zela Aviation has and remains to provide a range of services for its clients located in Europe, Asia, Africa, North and South America. Its leading position, track records throughout the years, and complemented by its very well – trained staff, make Zela Aviation a solid and reliable partner worldwide.

Contact Zela Aviation at – or visit our website at

About Cyprus Airways:

Cyprus Airways, the revered flag-carrier of Cyprus, proudly began a new chapter in 2016 when Charlie Airlines Ltd obtained the rights to its distinguished brand name for ten years. A symbol of excellence, the airline marked its unwavering commitment to safety by passing the International Air Transport Association (IATA) Operational Safety Audit (IOSA) in 2018 and soon after, joined the elite IATA community, underscoring its devotion to global aviation standards.

Anchored at Larnaca International Airport, Cyprus Airways is not just soaring towards new horizons but also reaffirming its commitment to environmental responsibility. With 25% reduced CO2 emissions and a revolutionary standard in passenger comfort, the A220 signifies not just our future but our pledge to a more sustainable world.

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