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GREEK AIRLINES TO MERGE

ATHENS, Aegean and Cronus, two greek carriers, in a statement, said the two boards of directors approved the merger plan. Aegean shareholders will own a 77,5% stake in the new airline, Cronus shareholders will hold a 22,5% stake. The two carriers operate a fleet of 14 aircrafts, 6 Avro, 6 ATR-72 and 2 Lear (Aegean) e six among Boeing 737-300s e 737-400s (Cronus). The merger is expected to rationalize...

AVIONEWS - World Aeronautical Press Agency - 9530
Rome, Italy, 03/12/2001 18:12
AVIONEWS - World Aeronautical Press Agency

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