AEGEAN AIRLINES submits non-binding bid for Olympic Airlines

Aegean Airlines submitted a non-binding bid in buying the flight operations of Olympic Airlines in a tender to privatise state-owned Olympic Airlines.

Aegean’s aim in participating in the privatisation of Olympic Airlines is to contribute to the reform of Greek air transport.

The non-binding bid and the participation in this phase of the (privatisation) process is supported by all of Aegean's major shareholders.

Aegean's shareholders include the Theodore Vassilakis and Laskaridis groups of companies, businessmen George David, Dakis Ioannou, Vasilis Constantakopoulos and Piraeus Bank. Aegean’s participation in the phase of final bids will depend on its analysis of Olympic's data room and negotiations, provided it will be among the short-listed.