Aegean Airlines
Company Presentation
October 2008
Agenda
Aegean Airlines at a glance
Investment highlights
Appendix
2
Fastest growing Greek carrier
9 years ago
4
4
4
4
Today
Started operations as a full service carrier
serving 10 domestic destinations
Carrying 300k passengers in 1st year of
operations
Fleet of 4 RJs, 3 ATRs
Competing with Greek carriers
4
4
4
4
4
4
40 routes to 29 destinations in Greece and abroad
5.2 m passengers in 2007 (5.8 – 5.9 m expected for
2008)
Fleet of 27 jet aircraft (29 by end 2008)
Competing with OA, intl LCCs and network carriers
Track record of 5-year profitability
IPO in July 2007 - Free float 25%
Revenue breakdown (2007)
Passengers
6.0
Scheduled
flights
million pax
5.0
85%
4.0
3.0
10%
2.0
5%
1.0
0.0
1999
2000
2001
2002
2003
2004
2005
2006
2007
Other
Charter
flights
3
Investment highlights
4 Network coverage: Well established in domestic market / expanding
international network
4 Competitive Environment: Leading domestic share – Market share gains in
the majority of international routes
4 Focus on Quality - Fleet renewal
4 Operating / financial update: Passenger growth continued in 2008 –
Profitability performance above industry standards in a challenging
environment – Strong balance sheet
4
Our network
International
Domestic
KAVALA
ALEXANDROUPOLIS
THESSALONIKI
LIMNOS
IOANNINA
KERKYRA
MYTILINI
CHIOS
KEFALONIA
SAMOS
ATHENS
MYKONOS
KOS
SANTORINI
RHODES
CHANIA
HERAKLION
Opened in 2008
Opened in 2008
5
Competitive position - International Routes (y-t-d)
AGEAN market rank
Routes
Number 1
# Operators
Number 2
3
1
Athens-Bucharest
2
Athens-Cairo
3
Athens-Frankfurt
9
3
4
Athens-Larnaca
9
3
5
Athens-London
6
Athens-Milan
7
Athens-Munich
9
4
8
Athens-Rome
9
4
9
Athens-Sofia
9
3
4
5
9
3
9
10
Athens-Tirana
9
3
11
Heraklion-Larnaca
9
4
12
Rhodes-Larnaca
9
3
13
Thessaloniki-NRW
9
6
14
Thessaloniki-Frankfurt
9
4
15
Thessaloniki-Larnaca
16
Thessaloniki-Munich
9
3
17
Thessaloniki-Stuttgart
9
4
9
4 2008 rising market share in the
majority of routes
4 #1 position in Balkan routes
4 #1 position in intl routes out of
Thessaloniki
4 #1 in 8 out of 17 intl routes
Opened May
2008
Opened May
2008
3
6
Competitive position
Performance on our 3 main bases:
4 3-4 percentage points market share gain in Athens in 2008
4 #1 carrier in Thessaloniki
4 #1 carrier in Heraklion
Aegean at Athens International Airport
Market share by Pax
Number 2 carrier out of
65 carriers operating flights
Athens Airport Survey
Favorite airline for Greek residents
Aegean Airlines
45%
Olympic Airlines
17%
Lufthansa
12%
Singapore
4%
Emirates
3%
30%
25%
20%
15%
10%
5%
2002 2003 2004 2005 2006 2007
1H
2008
7
International network - Winter 2008
4 With latest additions we are covering 10 out of 16 most
popular international destinations out of Athens
Aegean International Routes
Top 20 International
Destinations out of Athens
1
London
2
Larnaca
3
Paris
4
Rome
5
Munich
6
Frankfurt
7
Milan
8
Amsterdam
1
Athens-Bucharest
2
Athens-Cairo
3
Athens-Frankfurt
4
Athens-Larnaca
5
Athens-London
6
Athens-Milan
7
Athens-Munich
9
Zurich
8
Athens-Rome
10
Madrid
9
Athens-Sofia
11
Brussels
10
Athens-Tirana
12
Istanbul
11
Heraklion-Larnaca
13
Cairo
12
Rhodes-Larnaca
14
Vienna
13
Thessaloniki-Dusseldorf
15
Bucharest
14
Thessaloniki-Frankfurt
16
NRW
15
Thessaloniki-Larnaca
17
Berlin
18
Prague
16
Thessaloniki-Munich
19
Moscow
17
Thessaloniki-Stuttgart
20
Tel Aviv
+
Winter 2008
Athens - Paris
Athens-Düsseldorf
3rd daily flight Athens-London
*Excl. Long Haul
8
International Network Strategy
Potential new destinations
4 We plan to continue our
international network expansion to
better cover the needs of our
customers
4 Target W.European & regional markets
4 Expansion criteria/priorities
4 Destinations within 4-hour flight radius
4 Balance of traffic originating in Greece
4 High share of point-to-point traffic
4 Slots availability
Amsterdam
Barcelona
Beirut
Belgrade
Berlin
Brussels
Budapest
Copenhagen
Geneva
Istanbul
Kiev
Madrid
Manchester
Moscow
Prague
Tel Aviv
Vienna
Zurich
Warsaw
9
Focus on quality services
% of web bookings
30%
20%
4 Quality product offering
9%
4 First to introduce Business Class in
domestic market
4 On time performance
2005
2006
2007
New website design & booking engine
4
4
4 Self check in kiosks
4 www.aegeanair.com more than 20k
visits per day
10
Fleet renewal
12.0
4 Maintenance and fuel efficiency benefits
in full by beginning of 2010
8.0
Years
4 Delivery of 27 new aircraft Airbus
A320/321 over the 2007-2010 period
Average fleet age
10.4
10.0
8.0
4.0
4.5
4 Image benefits / reliability / higher avg
capacity per A/C
3.0
0.0
2006
2007
2008E
2009E
2010E
2007
2008
2009
2010
24
27
30-32
31
2007
2008
2009
2010
A 320 / 321
3
13
21
27
Avros
6
6
6
4
Boeing 737/300-400
14
10
3
0
Total
23
29
30
31
Fleet at peak period
Total
Fleet (year end)
11
Operating update
4 Total passengers served reached 2.6m in H1: 2008, +13% above 2007 (+24%
international, +8% domestic y-o-y growth).
4
Scheduled services load factor at 67%, 0.5 percentage point higher vs prior year with 7%
larger average capacity per aircraft flown
4 Passenger growth trends maintained in Q3: 2008
1H 2007
1H 2008
08 vs 07
1,557
1,680
8%
781
967
24%
Total passengers
2,339
2,647
13%
Total available seats
3,477
3,896
12%
Total flights
25,628
26,743
4%
Pax / Flight
91
99
8%
Load factor (RPK/ASK)
66.5%
67.0%
Load factor (Pax/Avs)
67.1%
68.0%
(,000)
Domestic passengers
International passengers
12
Financial update
4
Efficient revenue management, gradual maturity of routes opened in previous years and fuel
surcharges drive unit revenues higher
4
Fuel impact largely offsetting achieved revenue improvements
4
USD and fuel hedges net negative impact of €9m versus negative €1.7m in 2007
4
Cash and cash equivalents at €159.8m
4
Impact of high oil prices more intense in Q3. Nevertheless, positive profitability and strong cash flows
expected for FY 08
Euro (million)
1H 2007
1H 2008
08 vs 07
Revenue
209.0
262.7
26%
EBITDAR
29.1
29.6
2%
13.9%
11.3%
-2.6pp
EBT
8.0
7.7
-3%
Net income
6.4
5.5
-13%
Yield (€ cents)
13.6
14.4
6%
RASK (€ cents)
9.1
9.7
6%
CASK - EBT level (€ cents)
8.8
9.4
7%
CASK - EBT level (excl. fuel € cents)
7.0
6.9
-1%
Average segment length (km)
616
658
7%
EBITDAR margin
13
Closing remarks
0ur challenges
4 Fuel costs
4
European economic slowdown
4
Privatization of OA
4
Fleet transition costs
4
International routes expansion risks
Our strengths / opportunities
4 Strengthening of AEGEAN’s competitive positioning y-t-d – Capacity ‘discipline’ in most of the routes flown
4
OA restructuring transformation – Downsizing 35% imposed
4
Maturing revenue management efforts
4
Fleet investment benefits gradually unfold
4
Positive profitability trends on international routes opened in the past 2 years
4
Explore further partnerships / alliance opportunities
14
Appendix
Shareholders structure
Our network
Lufthansa partnership
Financial Statements
15
Shareholders structure
Free Float
23.6%
Vassilakis Group
35.7%
Piraeus Bank
4.7%
Osiris
4.7%
D. Ioannou
6.1%
Cantel
Participations
6.2%
Laskarides Group
19.0%
16
Our network
Domestic Routes
International Routes
1
Athens-Alexandroupolis
13
Athens-Rhodes
1
Athens-Bucharest
2
Athens-Chania
14
Athens-Samos
2
Athens-Cairo
3
Athens-Chios
15
Athens-Santorini
3
Athens-Frankfurt
4
Athens-Corfu
16
Athens-Thessaloniki
4
Athens-Larnaca
5
Athens-Heraklion
17
Thessaloniki-Chania
5
Athens-London
6
Athens-Ioannina
18
Thessaloniki-Heraklion
6
Athens-Milan
7
Athens-Kavala
19
Thessaloniki-Kos
7
Athens-Munich
8
Athens-Kefalonia
20
Thessaloniki-Mykonos
8
Athens-Rome
9
Athens-Kos
21
Thessaloniki-Mytilini
9
Athens-Sofia
10
Athens-Limnos
22
Thessaloniki-Rhodes
10
Athens-Tirana
11
Athens-Myconos
23
Thessaloniki-Santorini
11
Heraklion-Larnaca
12
Athens-Mytilini
12
Rhodes-Larnaca
13
Thessaloniki-Dusseldorf
14
Thessaloniki-Frankfurt
15
Thessaloniki-Larnaca
16
Thessaloniki-Munich
17
Thessaloniki-Stuttgart
17
Lufthansa’s regional partner
4 Cooperation since 2005
Amsterdam
Hamburg
Hannover
Brussels
4 Link generates additional passenger
traffic from/to Lufthansa’s network,
especially business traffic
Berlin
Düsseldorf
Frankfurt
Stuttgart
Munich
4 Increased brand awareness in
Germany
4 Linked loyalty programs: miles earned
in both carriers
4 Improved connectivity from
coordinated schedules
Thessaloniki
Athens
18
Profit & Loss FY 2007
amounts in m euros, % y-o-y change
2006
2007
y-o-y
%
Scheduled Services
Charter
Other (cargo, service ch., ex.aviation)
Airport charges
Sales
Other operating income
Employee benefits
Aircraft fuel
Aircraft maintenance
Overflight expenses
Ground handling expenses
Airport charges
Catering expenses
Distribution expenses
Marketing and advertising expenses
Inventories consumption
Other operating expenses
EBITDAR
EBITDAR margin
Aircraft leases
EBITDA
Depreciation
EBIT
EBIT margin
Interest and other financial income
Interest and other financial expense
Gains on sales of subsidiaries
Losses on sales of associates
EBT
Income Tax
Profit / (loss) after tax from continuing operations
Profit from discontinued operations
Profit after tax
Minority Interest
Net earnings after tax and minority interest
302.4
47.9
18.8
31.9
401.1
1.1
(54.7)
(79.2)
(43.7)
(15.8)
(11.3)
(53.3)
(10.3)
(34.7)
(3.5)
(0.7)
(25.2)
69.9
17.4%
(23.7)
46.2
(6.2)
40.0
10.0%
4.1
(7.1)
0.4
(3.0)
34.4
(9.8)
24.6
2.0
26.7
(1.0)
25.7
373.6
46.1
20.2
42.8
482.7
2.3
(65.3)
(95.9)
(58.8)
(19.5)
(15.0)
(68.2)
(13.1)
(31.6)
(3.9)
(0.9)
(29.7)
83.1
17.2%
(36.1)
47.1
(4.1)
42.9
8.9%
8.6
(6.9)
44.6
(8.8)
35.8
35.8
35.8
24%
-4%
7%
34%
20%
106%
19%
21%
35%
23%
33%
28%
28%
-9%
14%
32%
18%
19%
52%
2%
-33%
7%
30%
45%
34%
39%
19
Balance sheet FY 2007
amounts in m euros
ASSETS
Intangible assets
Tangible assets
Down payments for tangible assets acquisition
Deferred tax assets
Other long term assets
Total fixed assets
Current assets
Inventories
Customers and other trade receivables
Down payments
Cash and cash equivalents
Total current assets
TOTAL ASSETS
EQUITY AND LIABILITIES
Parent company shareholders equity
Share capital
Share premium account
Other reserves
Retained earnings
Parent company shareholders equity
Liabilities
Long term liabilities
Long term loan liabilities
Finance lease contracts liabilities
Long term derivative instruments liabilities
Provisions for retirement benefits obligations
Total long term liabilities
Short term liabilities
Suppliers and other liabilities
Long term loan liabilities payable next year
Short term loan liabilities
Other short term liabilities
Liabilities from tickets sold but not flown
Accrued expenses
Derivative instruments liabilities
Current tax liabilities
Total short tern liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES
31/12/2006
31/12/2007
0.3
26.5
32.1
9.5
3.4
71.8
0.3
27.4
77.8
12.9
5.9
124.3
5.9
60.4
4.3
24.4
94.9
166.8
7.5
60.1
2.9
158.3
228.8
353.2
80.3
42.3
(8.9)
(97.3)
16.5
20.0
14.2
3.2
37.5
32.6
2.1
20.4
6.0
16.4
10.2
12.6
12.6
112.8
150.3
166.8
107.1
144.8
(22.9)
(61.6)
167.5
30.8
13.6
4.1
48.5
45.8
26.7
5.3
19.6
11.7
17.7
10.4
137.2
185.7
353.2
20
Cash Flow FY 2007
amounts in m euros
Cash flows from operating activities
Profit of the period
31/12/2006
31/12/2007
26.7
35.8
9.8
6.2
(0.4)
(0.4)
3.0
(0.3)
3.4
(0.9)
0.9
1.3
49.2
8.8
4.1
0.2
(0.0)
(3.5)
3.6
(0.1)
1.2
50.1
(0.6)
(4.0)
15.3
2.9
(0.1)
(1.4)
12.1
(3.6)
57.7
(1.6)
(30.3)
15.9
4.8
(0.1)
(2.5)
(13.8)
(3.1)
(6.6)
26.6
(8.1)
0.9
(27.4)
0.0
0.3
(1.6)
(35.9)
(7.1)
25.8
(43.6)
2.7
2.0
(20.1)
2.1
(3.1)
(1.7)
(2.7)
19.2
5.2
24.4
17.2
135.2
(8.5)
(16.4)
127.5
134.0
24.4
158.3
Adjustments for:
Taxes
Depreciation of fixed assets
Results from sale of fixed assets
Profits from sale of subsidiaries
Losses from sale of affiliated firms
Interest and other financial income
Interest and other financial expenses
Loss /(profit) from financial derivatives
Provisions for retirement benefits obligations
Operating flows from discontinued activity
Cash flows from operating activities before changes in working capital
Changes in working capital
(Increase) / decrease in inventories
(Increase) / decrease in trade & other receivable
Increase / (decrease) in payables
Increase /(Decrease) in financial derivatives liabilities
Cash outflows for retirement benefits obligations
Other changes in working capital
Total changes in working capital
Interest expenses paid
Income taxes paid
Net cash flows from operating activities
Cash flows from investment activities
Purchases of fixed assets
Sales of fixed assets
Advances for acquisition of fixed assets
Sale of affiliates/subsidiaries
Interest and other financial income received
Investment flows from discontinued activity
Net cash flows from investment activities
Cash flows from financing activities
Loans drawn / (repaid)
Share capital increase
Share capital increase expenses
Changes in financial lease capital
Financing flows from discontinued activity
Net cash flows from financing activities
Net (decrease)/ increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
21
Profit & Loss Interim 2008
amounts in m euros, % y-o-y change
2007
Q1
2008
Q1
Scheduled Services
Charter
Other (cargo, service ch., ex.aviation)
Airport charges
Sales
Other operating income
Employee benefits
Aircraft fuel
Aircraft maintenance
Overflight expenses
Ground handling expenses
Airport charges
Catering expenses
Distribution expenses
Marketing and advertising expenses
Inventories consumption
Other operating expenses
EBITDAR
EBITDAR margin
Aircraft leases
EBITDA
Depreciation
EBIT
EBIT margin
Interest and other financial income
Interest and other financial expense
Other extraordinary
EBT
EBT margin
Income Tax
Net earnings after tax and minority
67.1
2.2
4.4
6.7
80.3
0.2
(14.7)
(15.5)
(10.4)
(3.1)
(2.2)
(11.2)
(2.5)
(8.0)
(1.0)
(0.2)
(5.8)
5.8
7.2%
(7.4)
(1.6)
(1.0)
(2.6)
-3.2%
1.0
(2.2)
(3.8)
-4.7%
1.2
(2.6)
81.8
3.4
4.4
9.1
98.8
3.4
(17.2)
(24.4)
(13.5)
(3.8)
(3.0)
(13.4)
(2.6)
(9.2)
(1.4)
(0.2)
(9.4)
4.2
4.3%
(9.1)
(4.9)
(1.1)
(6.0)
-6.1%
4.9
(6.0)
1.4
(5.7)
-5.8%
1.3
(4.4)
22%
58%
2%
36%
23%
n.m.
17%
57%
29%
23%
33%
19%
4%
15%
42%
8%
61%
-27%
23%
204%
18%
135%
402%
176%
53%
73%
2007
Q2
2008
Q2
96.1
15.7
5.1
11.8
128.7
1.6
(16.4)
(25.1)
(15.5)
(5.6)
(4.1)
(18.5)
(3.7)
(9.6)
(0.7)
(0.2)
(7.4)
23.3
18.1%
(9.3)
14.0
(1.0)
13.0
10.1%
0.7
(2.0)
11.7
9.1%
(2.8)
8.9
123.7
20.2
5.8
14.3
163.9
0.8
(18.4)
(42.4)
(17.4)
(6.0)
(4.2)
(22.8)
(3.9)
(11.3)
(2.1)
(0.2)
(10.5)
25.4
15.5%
(11.8)
13.6
(1.6)
12.0
7.3%
6.5
(5.1)
13.5
8.2%
(3.5)
10.0
%
29%
29%
13%
21%
27%
-48%
13%
69%
12%
6%
2%
23%
5%
18%
184%
-27%
43%
9%
26%
-3%
53%
-7%
15%
12%
2007
1H
2008
1H
163.2
17.9
9.5
18.5
209.0
1.8
(31.0)
(40.7)
(26.0)
(8.8)
(6.4)
(29.8)
(6.2)
(17.6)
(1.7)
(0.4)
(13.2)
29.1
13.9%
(16.7)
12.4
(2.0)
10.4
5.0%
1.7
(4.2)
8.0
3.8%
(1.6)
6.4
205.5
23.6
10.2
23.4
262.7
4.2
(35.6)
(66.8)
(30.9)
(9.8)
(7.2)
(36.2)
(6.5)
(20.5)
(3.5)
(0.3)
(19.9)
29.6
11.3%
(20.9)
8.7
(2.7)
6.0
2.3%
11.4
(11.0)
1.4
7.7
2.9%
(2.2)
5.5
%
26%
32%
8%
26%
26%
137%
15%
64%
19%
12%
13%
22%
4%
16%
103%
-14%
51%
2%
25%
-30%
36%
-42%
-3%
-13%
22
Balance Sheet Interim 2008
amounts in m euros
ASSETS
Intangible assets
Tangible assets
Down payments for tangible assets acquisition
Deferred tax assets
Other long term assets
Total fixed assets
Current assets
Inventories
Customers and other trade receivables
Down payments
Cash and cash equivalents
Total current assets
TOTAL ASSETS
EQUITY AND LIABILITIES
Parent company shareholders equity
Share capital
Share premium account
Other reserves
Retained earnings
Parent company shareholders equity
Liabilities
Long term liabilities
Long term loan liabilities
Finance lease contracts liabilities
Long term derivative instruments liabilities
Provisions for retirement benefits obligations
Total long term liabilities
Short term liabilities
Suppliers and other liabilities
Long term loan liabilities payable next year
Long term finance lease contracts liabilities payable next year
Other short term liabilities
Liabilities from tickets sold but not flown
Accrued expenses
Derivative instruments liabilities
Current tax liabilities
Provisions
Total short tern liabilities
Total liabilities
TOTAL EQUITY AND LIABILITIES
31/12/2007
31/06/2008
0.3
27.4
77.8
12.9
5.9
124.3
0.5
78.4
72.3
18.2
8.2
177.7
7.5
60.1
2.9
158.3
228.8
353.2
8.0
78.0
5.6
159.8
251.4
429.1
107.1
144.8
(22.9)
(61.6)
167.5
46.4
144.8
(33.4)
4.7
162.4
30.8
13.6
4.1
48.5
20.0
39.2
24.5
4.4
88.1
45.8
26.7
5.3
19.6
11.7
17.7
10.4
137.2
185.7
353.2
50.6
22.2
3.2
7.2
41.4
13.9
20.9
18.9
0.3
178.6
266.7
429.1
23
Cash Flow Interim 2008
amounts in m euros
Cash flows from operating activities
Profit of the period
30/6/2007
8.0
30/6/2008
7.7
Adjustments for:
Depreciation of fixed assets
Results from sale of fixed assets
Profits from sale of subsidiaries
Interest and other financial income
Interest and other financial expenses
Loss /(profit) from financial derivatives
Provisions for retirement benefits obligations
Cash flows from operating activities before changes in working capital
Changes in working capital
(Increase) / decrease in inventories
(Increase) / decrease in trade & other receivable
Increase / (decrease) in payables
Increase /(Decrease) in financial derivatives liabilities
Other changes in working capital
Total changes in working capital
Interest expenses paid
Income taxes paid
Net cash flows from operating activities
Cash flows from investment activities
Purchases of fixed assets
Purchases of intangible assets
Sales of fixed assets
Advances for acquisition of fixed assets
Sale of affiliates/subsidiaries
Interest and other financial income received
Net cash flows from investment activities
Cash flows from financing activities
Loans drawn / (repaid)
Share capital increase expenses
Changes in financial lease capital
Net cash flows from financing activities
Net (decrease)/ increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
2.0
0.2
(0.0)
(0.2)
0.8
(0.1)
0.4
11.1
2.7
0.0
(3.6)
1.6
0.5
9.0
(0.5)
(28.1)
33.9
(0.3)
(2.8)
2.2
(0.8)
12.5
(0.6)
(22.8)
37.1
3.5
(1.0)
16.2
(1.7)
(1.8)
21.7
(3.5)
(0.2)
25.8
(23.1)
2.7
0.2
1.9
(2.2)
(0.3)
5.5
2.4
5.4
8.8
(1.1)
(16.4)
(8.6)
5.8
24.4
30.1
(15.3)
(10.3)
(25.5)
1.5
158.3
159.8
24
Forward Looking Statements
Except for historical information, the statements made or information contained in this presentation are
forward-looking in nature and, as such, are subject to certain risks and uncertainties, many of which are
beyond the Company’s control, which could cause the actual results to differ materially from those
referenced, projected or contemplated herein by any forward-looking statement, including but not limited to
the following: overall passenger traffic; the airline ticket pricing environment; the international expansion of
our route network; seasonal fluctuations in passenger travel; aviation fuel prices; landing and navigation fee
changes; changes in aircraft acquisition, leasing and other operating expenses; developments in government
regulations and labour relations; the cost of our ground handling operations; the future development of AIA;
foreign currency fluctuations, in particular between the euro and the U.S. dollar; the progress of our codeshared and interline arrangements; our ability to finance our planned acquisition of aircraft and to discharge
any resulting debt service obligations; the availability of additional slots or landing rights at existing airports
and the availability of new airports for expansion; interest rate fluctuations; extraordinary events, such as
accidents, terrorist attacks or threats of terrorist attacks, natural disasters and outbreaks of contagious
diseases; the rates of taxes payable; and general economic conditions in Greece and the European Union.
Additional risks are discussed in the Offering Memorandum and the Company’s filings with the Capital
Markets Commission and the Athens Exchange.
Although the Company believes the expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurance that its expectations will be attained. The forward-looking
statements are made as of the date of this presentation, and we undertake no obligation to publicly update or
revise any forward-looking statement, whether as a result of new information, future events or otherwise.
25
Thank you
For further information on AEGEAN please
visit our website at
www.aegeanair.com or contact our
Investor Relations Manager
Stella Dimaraki
investors@aegeanair.com
+30 210 6261972
26