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Greece sells jets once owned by defunct Olympic Airways

Greece's finance ministry said Sunday it has sold four Airbus A340-300 jets once owned by the now defunct carrier Olympic Airways to Apollo Aviations Group for $40.4 million (32.9 millions euros).

"This sale is included in privatisation plans as part of the medium term strategy for Greek finances" demanded by international creditors, the ministry said in a statement.

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According to its website, Apollo specialises in "discounted original equipment manufacturer parts by acquiring and dismantling mature aircraft and engines."

The company also leases and trades commercial aircraft and engines.

by Nasser Abu Bakr © 2012 AFP

Source : AFP

Published on ASDNews: Jul 8, 2012


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