AEGEAN Raises Stake in Animawings, Strengthens Presence in Romanian Market
Greek airline company AEGEAN on Thursday announced that it raised its shareholding participation in Romanian Animawings to 51 percent from 25 percent, further strengthening its presence in Romania’s market.
AEGEAN first acquired a stake in Animawings, an airline member of the Romanian travel Group – Memento (Christian Tour), in early 2020. The Greek company’s total investment for the 51 percent stake in Animawings amounts to 1.3 million euros.
For more than 12 years, Christian Tour, one of Romania’s leading tour operators, has been an important and long-standing customer of AEGEAN, operating charter flights from Romania to Greece.
According to AEGEAN CEO Dimitris Gerogiannis, the long-standing partnership with Christian Tour is evolving into a joint business venture in Romania.
In summer 2022, Animawings will operate with 3 aircraft sourced from AEGEAN’s fleet. The flight program will mainly support the leisure segment from Romania with both charter and scheduled flights.
“We strongly believe in the potential of the Romanian market and the capabilities of our partner Memento Group… For us, partnerships through established relationships are embedded on our DNA and we consider them as a prerequisite for the new post pandemic era,” Gerogiannis said.
The schedule for 2022 will be announced by mid-November and is expected also to further support tourism to Greece.
AEGEAN will oversee and support operations, while the commercial support of Animawings will continue to be carried out mainly by Memento Group.