Aegean Airlines

Aegean Airlines may have its sights fixed on this summer season, but it is also making long-term plans that will give the carrier increased flexibility.

Oversubscribing the bond it issued early last month is one of the weapons in its management's arsenal, strengthening the firm's negotiating position as it discussed the funding of the new aircraft delivery with its creditors.

Two Turkish CN-235 surveillance aircraft flew over the northeastern, central and southeastern Aegean on Thursday, defense sources said.
The aircraft carried out 13 violations of Greece's national airspace and two transgressions of the Athens Flight Information Region.

The US Bankruptcy Court for the Southern District of New York has approved Aegean Marine Petroleum's reorganisation plan following the company's filing for Chapter 11 protection under US bankruptcy law.

The plan is the product of extensive negotiations between Aegean Marine Petroleum and a large number of its creditors.

A new sea link between Greece's Lavrio and Turkey's Cesme ports will be launched in June in what is expected to boost trade between the two Aegean neighbors by circumventing long overland travel for large trucks, state-run Athens-Macedonian news agency reports. The line will also serve tourists wishing to travel between the two countries.

Greece's largest carrier Aegean Airlines raised 200 million euros ($224.20 million) from a bond offering that ended on Thursday and was oversubscribed, underwriters said.

Greece's largest carrier Aegean Airlines will proceed with a sale of bonds on March 5-7 to raise up to 200 million euros ($226.86 million) for down payments on new Airbus aircraft and the construction of a new pilot training centre.

At least 88 irregular migrants were held in Turkey's Aegean region, security sources said on March 3.

Defense Minister Evangelos Apostolakis will travel to Crete to assess the damage after the Aegean island was hit by torrential rain and gales causing extensive damage to roads, buildings and infrastructure, the government said Tuesday.

Leading Greek carrier Aegean Air announced on Wednesday the addition of seven new destinations to its flight schedule for this year.

State sell-off fund TAIPED is calling a tender for the commissioning of technical and legal consultants for the concession of the marinas on Myconos (pictured) and Rhodes, aiming to start the utilization process within this summer.