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Greece's Aegean Places $5.8 Billion Order for A320neo and A321neo

June 22, 2018
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2 min read
A320neo-A321neo-Aegean
Greece's Aegean Places $5.8 Billion Order for A320neo and A321neo
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Greek carrier Aegean Airlines has placed an order for 20 Airbus A320neos and 10 Airbus A321neos in a deal that is worth $5.8 billion.

Neo stands for "new engine option" or more recently, "new environment option" and outfits the aircraft with new engines that are designed to save 15% to 20% in fuel, cut down on emissions and aircraft noise. Because the Neos are more fuel efficient, they'll be able to fly further and serve more distant destinations.

Aegean has the option to purchase an additional 12 aircraft. The airline was deciding between the A320 family and Boeing’s new 737MAX but decided to go with Airbus in March. It has officially confirmed the orders today.

Aegean currently operates a fleet composed solely of narrow-body Airbus aircraft — flying one A319, 37 A320-200s and 11 A321-200s.

An Aegean A320.

The order is a boost to the country’s largest airline and will aid in its growth plans. This is the third time Aegean has placed an aircraft order in its 19-year history. The airline currently serves 150 destinations in 44 countries.

Aegean is a member of Star Alliance — meaning you can redeem miles from any Star Alliance carrier, like United or Aeroplan, on the carrier. Aegean Miles + Bonus program is actually a solid loyalty program with easy options to redeem and earn miles on the airline. You can transfer SPG points straight to Miles + Bonus.

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The airline also plans on investing 30 million Euros in a new training center at its hub in Athens (ATH).

This is another win for Airbus, which has seen great success with its A320neo program — it's received nearly 6,100 orders from 100 different customers for aircraft in the A320neo family.

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  • Solid welcome bonus

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  • Some may have trouble using Uber and other dining credits
  • You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
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  • Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
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  • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
  • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
  • No Foreign Transaction Fees.
  • Annual Fee is $325.
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