Greece to sell four Airbus jets for $40 million

ATHENS Sun Jul 8, 2012 12:18pm EDT

ATHENS (Reuters) - Greece will sell four Airbus EAD.PA A340-300 passenger jets that belonged to former state carrier Olympic Airways which is now privatized, as part of divestments to pay down public debt, the finance ministry said on Sunday.

The aircraft will be sold to Apollo Aviation Group, the highest bidder in a tender, for $40.4 million based on a decision by incoming Finance Minister Yannis Stournaras.

Olympic Airways had been providing basic maintenance on the aircraft since September 2009. The state carrier was privatized in October 2009 and renamed Olympic Air.

Greece's new government vowed to carry out reforms and privatizations on Saturday in a bid to reassure international lenders whose funding is keeping the country afloat.

(Reporting by George Georgiopoulos; Editing by Erica Billingham)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
mulholland wrote:
Sell off the railroads, ports, airports, fishing rights,national forests, toll roads, electric and water companies, postal service, school system, bus system, ….

Jul 08, 2012 2:40pm EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.