Press Release

Issued by Panellenic Private Aviation.

December 30, 2022

Greek business jet operator Panellenic Private Aviation of the Karatzis Group has acquired a state-of-the-art privately owned aircraft, continuing its upward trajectory and enriching its existing fleet, with the aim of expanding the airline's flight network to new destinations.

The investment concerns the purchase of one more aircraft, a Cessna Citation XLS model.

The aircraft cjoins the company's modern fleet, having the latest technology equipment including a satellite phone system and multimedia entertainment. In addition, it can meet the dietary habits of each passenger as it provides hot and cold catering services. Maintaining its hub in Paris, it will operate itineraries with its luxurious amenities throughout Europe and the Middle East, connecting Heraklion and Crete with key destinations.

Panellenic Private Aviation has aggressively entered the private aviation space with its privately owned aircraft, showing continuous profitability throughout its operation. Thanks to its strong growth rates, the company has won the trust of many owners, who entrust the airline with the sales of their private aircraft.

Deputy general manager of the Karatzis Group and accountable manager of Panellenic Private Aviation, Mr. Manos Michalakis, said about the new investment move: “The acquisition of the new aircraft comes to strengthen the dynamics of Panellenic Private Aviation in international flights, while at the same time expanding the presence of Crete on the travel map, meeting the increased demand for direct air connections between the island and Central Europe.”

President and CEO of the Karatzis Group and Panellenic Private Aviation, Mr. Antonis Karatzis, said: “The aviation industry is of great interest to the Group, and we will further invest in it. Soon the fleet of Panellenic Private Aviation will be strengthened with another aircraft.”