The investment was made both through the acquisition of existing shares and participation in a capital increase of APELLA. Dr. Nikos Kontogiannis remains the majority shareholder with a 55% stake and serves as Chief Executive Officer.
APELLA operates in the maintenance of aircraft components and complete aircraft, holding EASA Part-145 certification, and provides comprehensive maintenance and repair services for multiple aircraft types. The company holds a leading position in the wheel and brake repair sector, being the largest service provider in Greece.
Additionally, APELLA is an approved partner of Lockheed Martin Aeronautics, offering engineering services and flight support for military aircraft. It supports both the F-16 Viper upgrade program of the Hellenic Air Force and the global production of F-16s, with projects implemented at the facilities of the Hellenic Aerospace Industry (EAB). The company also engages in the manufacturing of specialized tools and aerospace equipment and holds AS9100D, ISO 14001, and ISO 27001 certifications.
As part of its investment plan, APELLA intends to develop an aircraft maintenance facility in Almyros, on a privately owned 100-hectare plot near Nea Anchialos Airport. The investment foresees integration of the facility with the airport and the development of infrastructure for aircraft parking and disassembly, while future phases will include painting services and heavy maintenance capabilities.
In 2024, APELLA’s turnover reached €15 million, with net profits of €1.3 million, and the company employs 151 staff members.
According to AEGEAN, the investment aims to create synergies and knowledge exchange, enhancing the Group’s activities in heavy aircraft maintenance, which commenced in 2024 with the operation of the Aircraft Maintenance and Crew Training Center at Athens International Airport.
“Our goal is to gradually build an ecosystem of complementary expertise and skills in the broader field of aviation support. The collaboration with APELLA represents an important step in this direction,” said AEGEAN CEO Dimitris Gerogiannis.
Dr. Nikos Kontogiannis noted that AEGEAN’s entry into APELLA’s share capital constitutes a “vote of confidence” and creates strong prospects for establishing Greece as a regional hub for aerospace technical support, with an emphasis on quality, safety, and outward-looking growth.
