The story
Cronus Airlines was established in 1994 by Ret. Air Force fighter pilot Captain Theodore Kokmotos, started operation in 1995 with a single aircraft that flew flights targeting expat
traffic between Greece and Germany as well as chartered flights to popular tourist
destinations. Two years later, Cronus leased more aircraft and expanded its network,
gradually becoming the largest privately owned airline in Greece. In late December 1998,
the Laskaridis family who own a large fleet of refrigerator ships, acquired
a controlling 55% stake in Cronus. In spring 2001, a code-share agreement was signed with
Aegean Airlines and a few months later Cronus' aircraft were painted in Aegean's livery
carrying an AEGEANCronus logo. Eventually, Cronus was fully acquired by Aegean in October
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2001 and its owners obtained a minority share in Aegean.
From Wikipedia’s article on Cronus Airlines, shared under CC BY-SA 4.0.3
