Aegean Airlines (A3, Athens) will wet-lease two A320-200s from Cyprus Airways (CY, Larnaca) under a long-term ACMI deal covering all of 2024. The first aircraft began operating for the Greek airline on December 19, 2023.

5B-DDQ (msn 4055) was ferried from Larnaca to Thessaloniki on December 18 and operated its first flight for Aegean Airlines to Prague Václav Havel the next day, Flightradar24 ADS-B data shows. The second aircraft, 5B-DDR (msn 3933), will begin operating for the Greek airline in March 2024.

Besides the two A320-200s, Cyprus Airways also operates two A220-300s. The airline is planning to add more A220, considering the type the foundation of its future fleet. The airline operates in a highly seasonal market that has been heavily affected by the drop in demand from/to Israel due to the war in Gaza, as Israel is a key international market for Cyprus.

"We are very happy and proud to take the next step in our strategic cooperation with Aegean. We already have an extensive codeshare agreement in place where we work closely to offer and optimise our joint products and services," Cyprus Airways' Chief Executive Paul Sies said.

In turn, Aegean Airlines operates twenty-eight A320-200s, sixteen A320-200Ns, five A321-200s, twelve A321-200NX, nine ATR72-600s, and a single DHC-8-100. The turboprops are placed on the AOC of Olympic Air.