Greece's Aegean Airlines makes non-binding bid for Croatia Airlines
Reuters
Published Dec 27, 2019 12:07PM ET
Greece's Aegean Airlines makes non-binding bid for Croatia Airlines
ATHENS (Reuters) - Greece's largest carrier Aegean Airlines (AT:AGNr) said on Friday it had expressed interest in the privatisation of Croatia Airlines and submitted a non-binding bid.
Aegean, a member of the Star Alliance group, said any decision on whether it would take part in the next phase of the state-owned Croatian carrier's privatisation would be taken in the coming months.
Croatia plans to sell a 70% stake in Croatia Airlines, which widened its net loss to $7.25 million in the first nine months of 2019.
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Written By: Reuters
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