Posted on: 21 October 2011 by Ross McSweeny
Hugh Parry, one of the founding directors of Astraeus Airlines, has returned to the business as chief executive, succeeding Mario Fulgoni who left the company in August.
Parry set up Astraeus in 2002 with five other owner-directors, but left in 2007 to pursue ventures in India, China and across Europe. “It’s great to be back, and while there are exciting and challenging times across the aviation industry, Astraeus is well-placed to make the most of the environment, with an experienced and established team of people responsible for one of the most respected and reliable aircraft leasing and management offerings in the world,” Parry commented.
Astraeus Airlines employs 250 people and operates a fleet of 10 Boeing 737 and 757 aircraft, primarily on ACMI contracts with a number of airlines, including Iceland Express, Thomas Cook, Thomson and bmi. Astraeus has a worldwide Air Operator’s Certificate (AOC) 180 ETOPS and is IOSA accredited. The company is a wholly-owned subsidiary of Eignarhaldsfelagid Fengur HF which also owns Iceland Express.