MARATHON AIRLINES S.A.
Marathon Airlines S.A. is a Greek EASA-approved charter airline operating an all-Embraer fleet for ACMI wet-lease to airlines and VIP executive charter for high-net-worth clients, with a cumulative track record of over one million passengers across Europe, and expanding to South America via its Chilean partnership with Aerovías DAP.
- Company typePrivate
- Founded2016
- HeadquartersGlyfáda, Greece
- Headcount—
- GTM typeB2B
- OfferingServices
What MARATHON AIRLINES S.A. does
Marathon Airlines S.A. is a privately held Greek charter airline headquartered in Glyfada, Athens, operating under EASA Air Operator Certificate No. GR-062. The company runs two business divisions: a Commercial Aviation division providing ACMI (Aircraft, Crew, Maintenance, Insurance) wet-lease solutions and ad-hoc charter services to other airlines, and an Executive Business division providing VIP private charter flights. Its commercial fleet is all-Embraer, comprising E-175 (88 seats), E-190 (100 seats), and E-195 (118 seats) aircraft, while the executive fleet consists of an Embraer Legacy 600 and a Hawker 800XPi.
The company's ACMI offering addresses airline operational needs including seasonal capacity increases, new route launches, AOG (Aircraft On Ground) situations, and Public Service Obligation routes, with standard contract durations of approximately three months and rapid deployment of 7-14 days. Hourly ACMI rates range from $2,500 to $3,800 depending on aircraft type. The executive charter business uses bespoke pricing tied to itinerary, with segment-specific surcharges. Distribution is primarily direct sales, supplemented by broker partnerships (Europair, Vertis Aviation) and ACMI lease arrangements with carrier partners including Nordica, Blue Islands, Universal Air, Lübeck Air, and Aerovías DAP.
The company has reached a cumulative scale of over one million passengers transported across more than 15,000 flights since launch, with operations spanning Europe, the Middle East, Africa, North America, and South America following a December 2025 expansion to Chile. Marathon holds multiple safety certifications including ARGUS Gold, Wyvern Registered Operator, NBAA Airfoil, and UN-approved operator status. It is a member of the European Regions Airline Association (ERA) and the European Business Aviation Association (EBAA), and received ERA recognition for successful ACMI operations in June 2024.
MARATHON AIRLINES S.A. firmographics
Firmographics- Name
- MARATHON AIRLINES S.A.
- Legal name
- MARATHON AIRLINES SOCIETE ANONYME
- Website
- https://flymarathon.aero
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Short description
- Marathon Airlines S.A. is a Greek EASA-approved charter airline operating an all-Embraer fleet for ACMI wet-lease to airlines and VIP executive charter for high-net-worth clients, with a cumulative track record of over one million passengers across Europe, and expanding to South America via its Chilean partnership with Aerovías DAP.
- Ownership category
- akta.pro rank
MARATHON AIRLINES S.A. industry classification
Industry- Product category
- Air Charter Services
- NAICS
- Nonscheduled Chartered Passenger Air Transportation (481211), Nonscheduled Air Transportation (48121), Other Nonscheduled Air Transportation (481219)
- SIC
- Air Transportation, Nonscheduled (4522)
- akta.pro primary industry
- ACMI / Wet-Lease Passenger Operators (THABADAA)
Keywords
Where MARATHON AIRLINES S.A. is headquartered
LocationHeadquarters
- HQ city
- Glyfáda
- HQ country
- Greece
- HQ region
- Europe
Offices2 records
Markets served
MARATHON AIRLINES S.A. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D, Others
Revenue model
- ACMI Leasing: Wet lease arrangements providing aircraft along with crew, maintenance, and insurance for short-term or long-term solutions. Addresses airline requirements including seasonal capacity increases, new route launches, and Aircraft On Ground situations.
- Charter Services: Customized charter flights for group travel, complex music band tours, sport teams, and staging equipment. Charter pricing based on planned itinerary with additional charges for weather avoidance, ATC routing changes, and fuel fluctuations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Charter Flight Pricing |
| Unit Pricing | Pay-as-you-go | Executive Charter Extras |
| Usage-based | Multi-year contract | ACMI Hourly Rates |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
MARATHON AIRLINES S.A. product offering
Product offeringCore offering
Marathon Airlines operates an all-Embraer jet fleet to deliver ACMI (Aircraft, Crew, Maintenance, Insurance) wet-lease services and ad-hoc charter flights for airline operators, corporate clients, and group/sports clients. The company's Executive Business division provides VIP private charter flights using Embraer Legacy 600 and Hawker 800XPi aircraft. Operations span seasonal capacity, new route launches, Aircraft On Ground (AOG) situations, and transcontinental charter solutions.
Product overview
Marathon Airlines S.A. is a Greek airline offering two core business divisions: Executive Business (VIP private charter flights using Embraer Legacy 600 and Hawker 800XPi) and Commercial Aviation (ACMI leasing and ad-hoc charter services using an all-Embraer jet fleet of E-175, E-190, and E-195 aircraft with capacities ranging from 88 to 118 seats). The company specializes in providing flexible wet-lease and charter solutions for airline partners and discerning private clients, operating from bases in Greece and Chile.
Differentiator
Problem solved
Functional benefit
Brands
- Commercial Aviation: ACMI leasing and charter services for airline operators
- Executive Business
Products and services
- ACMI Leasing Services ACMI wet-lease service providing aircraft, crew, maintenance, and insurance for short-term or long-term capacity solutions, including seasonal capacity increases, new route launches, and Aircraft On Ground (AOG) situations. Aircraft capacities range from 88 to 118 seats using Embraer E-175, E-190, and E-195 jets.
- Ad-hoc Charter Services Customized charter solutions for corporate clients, group travel, sports teams, music band tours, and complex staging equipment transportation. Pricing is based on planned itinerary with additional charges for weather avoidance, ATC routing changes, and fuel fluctuations.
- VIP Private Charter (Executive Business) Personalized and luxurious VIP private charter flight experiences for high-net-worth individuals, executives, and discerning clients, operated with Embraer Legacy 600 and Hawker 800XPi aircraft. Includes flexible scheduling, custom catering, smoking and pet accommodations, and global reach.
Quantifiable outcome
- Transported over 500,000 passengers in 2023 alone through more than 7,200 flights
- +1 more outcomes
Companies that use MARATHON AIRLINES S.A.
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
MARATHON AIRLINES S.A. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
MARATHON AIRLINES S.A. partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship, core and minor.
- Aerovías DAPflagshipMarathon Airlines partnered with Aerovías DAP in Chile for wet-lease operations, marking the company's first transatlantic operation to South America. An Embraer E190 (SX-PTM) was positioned to Chile to support scheduled services to Punta Arenas in Patagonia and Puerto Williams, the world's southernmost airport with regular commercial flights.
- Dragan MilivojeviccoreAppointment of Dragan Milivojevic as General Manager for the Balkan region, bringing over two decades of experience in strategic relations and business development. Responsible for overseeing operations, developing strategic initiatives, and forging stakeholder relationships in the strategically important Balkan region.
- Andreas KaiafascoreCEO Andreas Kaiafas leads Marathon Airlines, providing strategic direction and overseeing company expansion including the South American operations launch.
- European Regions Airline Association (ERA)coreIndustry membership providing representation before Europe's major regulatory bodies, networking opportunities, and industry advocacy. ERA recognized Marathon Airlines for successful ACMI operations in June 2024.
- European Business Aviation Association (EBAA)coreIndustry membership in EBAA, the European business aviation association representing the industry's interests at regulatory and policy levels.
- EuropaircoreEuropair exclusively markets Marathon Airlines' Embraer E175 aircraft for tour operation projects in Austrian, German, Swiss, and Danish markets. The aircraft offers 88 seats, long range (2,150 nautical miles), and short runway capability for regional operations.
- Blue IslandscoreConcluded successful ACMI partnership where Marathon Airlines provided aircraft, crew, maintenance, and insurance for Blue Islands' regional operations.
- Universal AircorePartnership with Universal Air, the Mediterranean newest airline, providing ACMI solutions for their operations.
- NordicacoreWet-lease of Embraer E175 to Nordica for Swedish Public Service Obligation (PSO) routes, demonstrating capability for government-contracted regional services.
- Vertis AviationminorVertis Aviation strengthened portfolio with addition of Marathon Airlines' Legacy 600 for exclusive charter operations.
- Lübeck AirminorACMI operations where Marathon Airlines aircraft operate for Lübeck Air regional services.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
MARATHON AIRLINES S.A. competitors and assessment
Company assessmentDirect peers
- Global X (Global Crossing Airlines): US-based ACMI operator providing wet-lease capacity to airlines using Airbus A320 fleet. Comparable ACMI/wet-lease business model targeting airlines needing flexible capacity, though operating in North American market.
- Smartwings: Czech airline group operating charter and ACMI services across Europe with Boeing 737 fleet. Directly competes in the European charter and wet-lease market with similar full-service ACMI offerings including crew, maintenance, and insurance.
- Braathens Regional Airlines: Swedish regional carrier operating ACMI and charter services with Airbus A320 and ATR fleets. Comparable Nordic and European regional ACMI operator with similar wet-lease customer profile including PSO routes.
- GetJet Airlines: Lithuanian ACMI/wet-lease specialist operating a similar Airbus A320-family fleet for European carriers. Direct competitor in the European ACMI market with comparable customer base including flag carriers and charter operators.
- Avion Express: Lithuanian ACMI operator with Airbus A320-family fleet serving European, Asian, and African carriers. Closely comparable business model focused exclusively on narrowbody wet-lease services for airlines requiring seasonal capacity.
- Air Nostrum: Spanish regional carrier operating wet-lease services for Iberia and other partners with Bombardier CRJ fleet. Comparable regional ACMI operator with similar capacity range (around 50-100 seats) and similar wet-lease focus.
- Universal Air: Greek startup airline (also a Marathon ACMI customer) operating charter and ACMI services. Direct peer in the Mediterranean ACMI market and existing customer relationship provides competitive comparison.
- ASL Airlines: Ireland-based ASL Airlines group operates passenger ACMI services in Europe alongside cargo operations. Comparable ACMI model with wet-lease capacity for carriers needing short-term fleet augmentation, particularly in Ireland and UK markets.
Broad incumbents
- NetJets: Berkshire Hathaway subsidiary operating the world's largest private jet fleet with fractional ownership and charter services. Comparable in the executive/VIP charter segment though serves a fundamentally different (fractional ownership) customer base.
- VistaJet: Global leader in business aviation with global fleet of 270+ aircraft. Comparable in Marathon's executive charter division but much larger and more established, offering VIP private jet services worldwide.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MARATHON AIRLINES S.A. social profiles
Digital presenceMARATHON AIRLINES S.A. compliance and trust
Trust signalCompliance8 records
MARATHON AIRLINES S.A. financial estimates
Financial estimateRevenue estimate
Valuation estimate
MARATHON AIRLINES S.A. leadership team
Management profileNumber of profiles
Profiles4 records
MARATHON AIRLINES S.A. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MARATHON AIRLINES S.A. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MARATHON AIRLINES S.A.
What does MARATHON AIRLINES S.A. do?
Marathon Airlines operates an all-Embraer jet fleet to deliver ACMI (Aircraft, Crew, Maintenance, Insurance) wet-lease services and ad-hoc charter flights for airline operators, corporate clients, and group/sports clients. The company's Executive Business division provides VIP private charter flights using Embraer Legacy 600 and Hawker 800XPi aircraft. Operations span seasonal capacity, new route launches, Aircraft On Ground (AOG) situations, and transcontinental charter solutions.
Is MARATHON AIRLINES S.A. a public or private company?
MARATHON AIRLINES S.A. is a private company. It is classified as unknown and is currently operating.
When was MARATHON AIRLINES S.A. founded?
MARATHON AIRLINES S.A. was founded in 2016.
Where is MARATHON AIRLINES S.A. based?
MARATHON AIRLINES S.A. is headquartered in Glyfáda, Greece, in the Europe region.
How does MARATHON AIRLINES S.A. make money?
Two revenue lines are on record. ACMI Leasing is the primary driver. The others are charter Services.
Who are MARATHON AIRLINES S.A.'s main competitors?
Direct peers on record are Global X (Global Crossing Airlines), Smartwings, Braathens Regional Airlines, GetJet Airlines, Avion Express, Air Nostrum, Universal Air and ASL Airlines. Broad incumbents are NetJets and VistaJet.
Does MARATHON AIRLINES S.A. have an API?
No public API is recorded for MARATHON AIRLINES S.A..
What industry is MARATHON AIRLINES S.A. in?
MARATHON AIRLINES S.A.'s product category is Air Charter Services. Its primary akta.pro industry code is THABADAA, ACMI / Wet-Lease Passenger Operators. Its NAICS code is 481211 and its SIC code is 4522.