Greek carrier Aegean raises stake in Romanian Animawings to 51%
Reuters
Published Oct 14, 2021 02:02PM ET
ATHENS (Reuters) - Greece's largest carrier Aegean Airlines said on Thursday it has raised its stake in Romanian Animawings to 51% from 25%, strengthening its presence in the Romanian market.
The Greek company said its total investment for the 51% stake amounted to 1.3 million euros ($2.06 million).
Aegean, a member of the Star Alliance airline group, acquired its existing stake in Animawings, a member of tour operator Memento Christian Tour, in early 2020.
For 12 years Christian Tour, one of the largest tour operators in Romania, was a steady customer for Aegean, arranging chartered flights from Romania to Greece.
From the start of the new tourism season Animawings will operate with three aircraft from Aegean's fleet, serving chiefly outgoing Romanian tourists via chartered and regular flights, Aegean Airlines said.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.