Greece throws Aegean Airlines coronavirus lifeline
The Greek government said Thursday it would throw the country's main carrier Aegean Airlines a lifeline of up to E120m in return for a stake in the company. Aegean Airlines "will receive state financial support... up to the loss it sustained as a direct result of the Covid-19 pandemic," government spokesman Christos Tarantilis said after a cabinet meeting. In return, the carrier will give the Greek state stock warrants worth 11.5% of its shares after a capital increase of at least E60m, for a period of two to five years, Tarantilis said. He noted that the move had already been approved by the European Commission.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-01-29/star/greece-throws-aegean-airlines-coronavirus-lifeline
https://portal.staralliance.com/cms/logo.png
Greece throws Aegean Airlines coronavirus lifeline
The Greek government said Thursday it would throw the country's main carrier Aegean Airlines a lifeline of up to E120m in return for a stake in the company. Aegean Airlines "will receive state financial support... up to the loss it sustained as a direct result of the Covid-19 pandemic," government spokesman Christos Tarantilis said after a cabinet meeting. In return, the carrier will give the Greek state stock warrants worth 11.5% of its shares after a capital increase of at least E60m, for a period of two to five years, Tarantilis said. He noted that the move had already been approved by the European Commission.<br/>
