Aviatrans K (KI, Kiev Zhulyany (IEV)) has acquired two ex-Viking Hellas Aviation (VQ, Athens Eleftherios Venizelos International (ATH)) A320-200s (UR-CKA, c/n 393, and c/n 414) from lessor AWAS. UR-CKA is currently operated on leisure charter flights on behalf of Khors Aircompany (KO, Kiev Borispol (KBP)).

GreenJet Airlines (Athens Eleftherios Venizelos International (ATH)) is planning to start charter and ACMI operations with A320-200s this summer and is believed to be a start-up backed by former Viking Hellas Aviation (VQ, Athens Eleftherios Venizelos International (ATH)) staff.

Cosmo Airlines (Madrid Barajas (MAD)) is a new Spanish charter and ACMI operator planning to launch operations in 2012 with A320-200s and A321-200s. Its first aircraft will be an ex-Viking Hellas Aviation (VQ, Athens Eleftherios Venizelos International (ATH)) A320-200 operated by Avion Express (X9, Vilnius International (VNO)) this summer.

Viking Hellas Aviation (VQ, Athens Eleftherios Venizelos International (ATH)) has returned all of its fleet, three A320-200s and a MD-83 to its lessors. It had mainly concentrated on scheduled services between Western Europe and Iraq via its Athens base as well as charter services to Cyprus and Greece.

Viking Hellas Aviation (VQ, Athens Eleftherios Venizelos International (ATH)) has not been affected by the difficulties of its former Swedish sister carrier and has added new routes from Cyprus and Sweden to Iraq to its network based on a new joint venture with Iraqi investors called Viking Middle East that is acting as a general sales agents for these new flights:
Gothenburg Landvetter-Erbil: weekly A320-200 service (already launched)
Larnaca-Erbil: weekly A320-200 service (already launched)
Stockholm Arlanda-Erbil: 2x weekly A320-200 service (already launched)
Stockholm Arlanda-Sulaymaniyah: weekly A320-200 service (already launched)
It has rebranded its charter operations and is operating these flights under the Fly Hellas brand with the same aircraft. It has added an ex-Star Airways (Albania) (4S/Tirana) A320-200 that also operates in Fly Hellas colors.