Aegean Air invests in Volotea

Aegean Airlines has invested 25 million euros in low-cost Spanish carrier Volotea, an investment that could eventually be twice that amount and offer the Greek national carrier key synergies.

Aegean head Eftichis Vassilakis and Managing Director Dimitris Gerogiannis explained at a press conference on Tuesday that the capital injection of the Greek airline into Volotea includes two installments. The first, of €25 million, has already been paid to Volotea, as Aegean has participated in Volotea's capital increase through a convertible loan.

In this way, Aegean, which participates in the profits of the foreign airline, acquires 13% of Volotea in case the bond is converted into shares. Its stake could rise to 21%, if the second part of the agreement is implemented, in the second half of 2025. That is, provided that Aegean invests another €25 million, together with the...