Aegean Airlines

Following three tenders and countless bureaucratic procedures, state sell-off fund TAIPED finally took the decisive step for the utilization of the Afandou plot on the island of Rhodes.

The agreement signed on Wednesday with T.N. Aegean Sun Investments Ltd signals the transfer of the entire Afandou property to private investors.

Bozcaada, one of the most popular tourism destinations in the northern Aegean, reunites with its millennial silhouette with the renovation of its historic windmills on its northern and southern sides of the island.

With concerns rising about a possible "incident" in the Eastern Mediterranean or Aegean, Ankara appears to be stepping up its efforts to entrench its presence in the region.

The drillship Fatih is already in Cyprus's exclusive economic zone (EEZ) and Turkish authorities have indicated that a second vessel, the Yavuz, will also be dispatched to the region in due course.

A pair of Turkish Air Force F-16s violated Greek air space on Monday, flying over the eastern Aegean island cluster of Oinousses.
The jets passed over Oinousses at 15.55 p.m. at an altitude of 27,000 feet, according to Greek defense officials.

Greece violates international law by arming Aegean islands, which were placed under demilitarized status, Turkish National Defense Minister said on April 20.       

Greek airline Sky Express said on Tuesday it had signed an agreement with Air France KLM to cooperate on flights connecting Paris and Amsterdam with the Greek islands.

Tourism accounts for about a quarter of economic output in Greece, which saw a record number of about 33 million visitors last year.

A Greek marine conservation group says a "very unusual" increase in Aegean Sea dolphin deaths in recent weeks may be linked to Turkish naval exercises in the area.

Fifteen dead dolphins have washed up on the eastern island of Samos and other parts of Greece's Aegean coastline since late February, according to the Archipelagos Institute.

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.