Nick123
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Joined: Fri Nov 09, 2018 12:15 pm

Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 3:21 pm

Hello guys,

Do you see Aegean airlines buying A321 ULR to fly to destinations like Mumbai, Johannesburg, Dhakka, Maldives, etc?

One problem they have is that Greece is a very season market, perhaps they could use those A331 ULR to fly to winter destinations such as South Africa, Maldives, Seychelles, etc.
 
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OA940
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 5:46 pm

Why would they fly to all of them? There isn't any demand for such routes. Besides Aegean has stated repeatedly they're not interested in long haul, and a major factor is the seasonality of the market. You can still attract people to go to Athens during off season when the flight costs 100 euros and is 3 hours long, but when it would be at least 4 times that (I assume that's a reasonable price for those markets) and 9 hours each way, then good luck to you.

Also from what we know so far it's A321XLR but that's a minor detail
A350/CSeries = bae
 
Lewton
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 5:58 pm

No.
 
nycilley02
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 6:18 pm

I don't see any reason in principle why they couldn't become a connecting airline like Turkish. The O&D Greece market isn't huge and they have essentially taken as much a share of that as they can probably realistically get without blowing up yields. If they have growth ambitions, seems like it would have to come from flow pax. Long haul could make sense in that situation.
 
VSMUT
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 6:23 pm

What would the A321XLR offer Aegean that the ordinary A321NEO or even A321LR couldn't offer? Don't forget, those also have a longer range than the 321ceo.
 
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Polot
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 6:25 pm

nycilley02 wrote:
I don't see any reason in principle why they couldn't become a connecting airline like Turkish. The O&D Greece market isn't huge and they have essentially taken as much a share of that as they can probably realistically get without blowing up yields. If they have growth ambitions, seems like it would have to come from flow pax. Long haul could make sense in that situation.

Turkish has the huge Turkish O&D and domestic market to help it out.
 
VSMUT
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 6:35 pm

Polot wrote:
nycilley02 wrote:
I don't see any reason in principle why they couldn't become a connecting airline like Turkish. The O&D Greece market isn't huge and they have essentially taken as much a share of that as they can probably realistically get without blowing up yields. If they have growth ambitions, seems like it would have to come from flow pax. Long haul could make sense in that situation.

Turkish has the huge Turkish O&D and domestic market to help it out.


And a better hub. Let's face it, the terminals in Athens are a bit in the small end and the airport seems to have problems handling the current volume of traffic already.
 
drgmobile
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 7:09 pm

I'm scheduled to take them a couple of times in the next few weeks for a connection to Cyprus and flights within Greece. I'm annoyed about them before I even take my first flight due to the way they play games with Olympic Air coding to avoid providing Star Alliance services.
 
Nick123
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 7:47 pm

They have said that they aren’t interested in long haul (because of their fleet), but this would be done with an A321, so their fleet would stay the same.

Also, markets such JNB might work form them since there is a big Greek diaspora there. And Maldives and Seychelles could be good too since there aren’t many options from European airlines and lets face it, Emirates is almorzar never the cheapest options for those destinations
 
tomcat
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 7:54 pm

Nick123 wrote:
Hello guys,

Do you see Aegean airlines buying A321 ULR to fly to destinations like Mumbai, Johannesburg, Dhakka, Maldives, etc?

One problem they have is that Greece is a very season market, perhaps they could use those A331 ULR to fly to winter destinations such as South Africa, Maldives, Seychelles, etc.


The current strategy of Aegean is primarily focused on the Greek tourism market. Their aim is to keep increasing their network by adding destinations which have the potential to supply tourists to Greece. In this respect, adding longer range aircraft like the A321-LR might be useful but the basic A320/A321-NEO which will be delivered in the coming years will already allow to reach more distant destinations. Aegean is also working hand in hand with the broad Greek tourism industry to extend the touristic season in Greece and they are making good progress at that (growth of 9% of their international passenger traffic in Q1-2019 while the European Easter holidays felt in April this year). To put things into perspective, their Q3 international traffic is about twice as much as their Q1 international traffic. Overall, Aegean is very good at handling these high seasonal variations judging by their EBITDA margin exceeding 20% on a year basis. I don't see them amending this successful strategy in a foreseeable future.

Here are the words of Aegean's CEO from a few month ago when their 2019 capacity program was published:
"We consistently create new destination options for our passengers, along with the offer of new services. We consistently and constantly respond to the significant new investments of tourism entrepreneurs who offer new upgraded hotel units, trying also from our side to contribute to the extension of the tourism period. This effort will allow us to exploit our own investments in aircrafts and technology. The coordinated contribution and investment from industry stakeholders together with the right State policies that would promote sector competitiveness can lead to the further development of Greece’s Tourism product.”


https://en.about.aegeanair.com/media-center/press-releases/2019/7-neoi-proorismoi-kai-ependysi-sto-diktyo-eksoterikoy-me-700-xiliades-epipleon-theseis-gia-to-2019/
 
tomcat
Posts: 380
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 8:12 pm

Nick123 wrote:
They have said that they aren’t interested in long haul (because of their fleet), but this would be done with an A321, so their fleet would stay the same.

Also, markets such JNB might work form them since there is a big Greek diaspora there. And Maldives and Seychelles could be good too since there aren’t many options from European airlines and lets face it, Emirates is almorzar never the cheapest options for those destinations


The thing about targeting the Greek diaspora is that it doesn't help much to reduce the seasonality, since Greeks from the diaspora are also likely to visit Greece during the northern summer.

The idea of serving destinations like the Maldives and Seychelles that could generate trafic during the European winter could help in terms of seasonality but would disrupt Aegean's strategy. They would have to market themselves across Europe to reach out to the potential customers. This would be quite demanding and not immediately rewarding. If anything, I would rather see them wet lease some capacity during the winter to operate flights from the northern Europe to places like Egypt or the Canary Islands. In this way, they would avoid any commercial risk and heavy marketing investments. But could such temporary wet lease operations generate any meaningful profit for Aegean?
 
BestWestern
Posts: 8251
Joined: Fri Sep 08, 2000 8:46 pm

Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 8:26 pm

Aegean does what it does well. Very well.

Stepping into eastbound longhaul results in stepping onto the toes of the efficient ME4 and the yield dilution that causes.
Greetings from Hong Kong.... a subsidiary of China Inc.
 
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Jamake1
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Wed Jun 12, 2019 9:04 pm

BestWestern wrote:
Aegean does what it does well. Very well.


I love Agean. It is one of the best airline experiences I’ve had in recent years.
Come fly the sun.
 
jfk777
Posts: 6898
Joined: Tue Aug 22, 2006 7:23 am

Re: Is it feasible for Aegean Airlines buy A321 ULR?

Thu Jun 13, 2019 1:16 am

Given the history of Greek airlines, NO. Every profitable short haul airline wants long haul glory to JFK,Tokyo, Johannesburg and Hong Kong, why don't change what works. Aegean does what it does well and makes money leave it alone, feed your long haul passenger to LH.
 
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aemoreira1981
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Thu Jun 13, 2019 1:44 am

Aegean does not want to engage in long haul. It would rather feed CAI or IST for African service, or FRA for service to the Americas and Asia. That said, an A321XLR could be intriguing since ATH-MLE is less than 3400 nmi and ATH-SEZ only 3100 nmi...but would it be worth the extra MTOW and room to order an A321XLR that during the summer would be primarily for ATH to LHR and Germany? And in the case of IRROPS, on a mission that long, another problem is a timeout of the crew.
 
konkret
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Re: Is it feasible for Aegean Airlines buy A321 ULR?

Thu Jun 13, 2019 2:44 am

Nick123 wrote:
Do you see Aegean airlines buying A321 ULR to fly to destinations like Mumbai, Johannesburg, Dhakka, Maldives, etc?


Dhakka?? Why on earth would Aegean even consider flying to Dhakka?

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