European Regions Airline Association

Aegean Airlines grew passenger traffic on its domestic and foreign routes by 8 percent in April to May compared with last year, starting the summer season on a strong footing, Greece's largest carrier said on Tuesday.

Aegean, a member of the Star Alliance airline group, flies a young fleet of 61 aircraft, mostly Airbus A320 jets.

Greece's largest carrier Aegean Airlines posted a net loss of 35.8 million euros for the first quarter on Tuesday, up from 21.5 million euros in the same period a year ago.

The company, a member of the Star Alliance airline group, said results were hurt by the underutilization of its fleet in winter months.

Turkish fighter jets conducted an overflight over the eastern Aegean island of Panayia on Friday.

Military authorities said a pair of Turkish F-16 entered the Athens Flight Information Region (FIR) at 10.43 a.m. and carried out an overflight at 17,000 feet at 10.44 a.m.

Four Turkish fighter jets flying in formation on Wednesday carried out five violations of Greek air space in the northeastern and central Aegean, the latest in a string of transgressions over recent months.

The aircraft, which were all armed, were chased off by Greek planes in line with international practices, Greek defense officials said.

Aegean Airlines' full-year 2016 net profit fell 53 percent, hurt by a weak second quarter and an increase in value-added tax, Greece's largest carrier said on Thursday.

Aegean reported net earnings of 32.2 million euros ($34.76 million) last year versus a net profit of 68.4 million in 2015. Sales grew 4 percent to 1.02 billion euros.

The Hellenic National Defense General Staff (HNDGS) has done an excellent job of publicizing information on Turkey's violations in the Aegean over the past eight years. This resource is invaluable since it provides us with a quantifiable indication of Turkey's aspirations while allowing us to assess the effectiveness of our response.

Three Turkish fighter jets violated Greek air space in the central and northeastern Aegean four times on Tuesday.

The jets, two of which were flying in formation and the third separately, entered the Athens Flight Information Region at around 11.30 a.m., flying over the islet of Panagia at an altitude of 25,000 feet.

Two of the three Turkish aircraft were armed.

A Germany-bound plane from Oman has landed in Kuwait after a bomb threat.
The state-run KUNA news agency said the plane set off from the Omani city of Salalah and was bound for Cologne.
KUNA said some 299 people were evacuated on landing as authorities searching the aircraft.

Four Turkish fighter jets violated Greek national air space three times in the central and southeast Aegean on Wednesday.

According to reports, the jets, two of which were flying in formation, also entered the Athens Flight Information Region (FIR).

The aircraft were identified and intercepted by Greek jets.

NKBM bank and flag carrier Adria Airways get new owners

SSH concluded two major sales in 2016, the April sale of NKBM to US private equity fund Apollo and the European Bank for Reconstruction and Development (EBRD) and the March sale of Slovenia's flag carrier Adria Airways to German fund 4K Invest.