Covid-19: Greece’s AEGEAN Airlines Counting on Government Support

Photo Source: AEGEAN

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

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.

Speaking during a recent online event held by Endeavor Greece, 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, who is also on the board of Endeavor Greece.

AEGEAN Chairman Eftichios 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.