World Markets

Aegean Airlines board clears bond issue to raise up to 200 mln euros


ATHENS, Feb 25 () - The board of Greece's largest carrier Aegean Airlines has decided to proceed with a bond issue to raise 150-200 million euros ($170-227 million), it said on Monday.

Aegean, a member of the Star Alliance airline group, last year picked Airbus for an order of 42 aircraft worth $5 billion to renew its fleet of single-aisle planes and add capacity for future expansion.

The bond issue will need the green light by the securities regulator and will be listed on the Athens stock exchange.

($1 = 0.8799 euros)

($1 = 0.8801 euros)

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