Aegean Airlines joined the bidding for Olympic Airlines, offering a combined €170 million ($214.2 million) for OA's flight operations, MRO division and its successor company Pantheon. "The objective of Aegean and its shareholders is the creation of a more powerful Greek air company" that can compete with larger European airlines, the carrier said. It added that it would be able to take over OA within 60 days of signing a deal and that it was willing to cede some domestic routes in ...

Subscribe to Access this Entire Article

"Aegean bids for rival Olympic" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.