At a ceremony held in Athens today, Aegean Airlines was accepted into the Star Alliance as the 28th member. Aegean Airlines completed the integration process in 12 months, following its acceptance as future member in May 2009. 
Why is this a big deal to Star?
Greece is of strategic importance due to its geographic position in the eastern Mediterranean, acting as the main southeastern access point into the European Union. With AEGEAN, the Star Alliance network to/from/within Greece now covers more than 1,500 weekly flights to 69 destinations in 27 countries.
With all the airlines in Star in Europe getting to some of the Islands in Greece has been very hard, and getting a reward seat to some of the small Islands was never going to happen.
Jaan Albrecht, CEO Star Alliance said today: "AEGEAN brings a wealth of experience and an extensive domestic and international route network to the alliance family. For alliance members, Greece is an important travel market where Athens can be built into a major hub airport with growing connection traffic. It has already become an important player in the Southeast European area and we fully expect entry into Star Alliance will support its further development."
I'm looking forward to booking a reward with UNITED miles to the Island of Kos.
On 22 February 2010, Olympic Air and Aegean Airlines announced that they have agreed to a merger. The new airline will use the Olympic Air logos and name. The Aegean brand will cease to exist after the transition period. The merger agreement is still awaiting approval from the European Commission.
It is very important to note the Olympic Air was Formed from the privatization of the former national carrier Olympic Airlines, Olympic Air commenced limited operations on 29 September 2009, after Olympic Airlines ceased all operations, with the official full-scale opening of the company taking place two days later, on 1 October 2009..
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