Aegean Airlines (A3, Athens) has announced a commercial joint venture and equity investment in Volotea (V7, Barcelona El Prat) of up to EUR50 million euros (USD55.2 million), split into two tranches. This could potentially give the Greek flag carrier a 21% stake in the Spanish LCC.

The first tranche of EUR25 million (USD27.6 million) has already been completed, and the second is due to follow in the first half of 2025, subject to conditions related to Volotea’s financial performance. The equity investment is structured through…

Source: ch aviation
Read more: Greece's Aegean invests for up to 21% in Spain's Volotea