Aegean Airways has launched a bid to accumulate Croatian Airways, submitting a non-binding bid.
In a short assertion, the Greek provider confirmed: “Aegean has participated within the non-binding indicative supply stage of privatisation of Croatia Airways, which doesn’t embrace any commitments from the corporate.
“Any materials choices about potential participation or not within the subsequent stage shall be taken within the following months, following the availability of entry to info and discussions, as per the method the republic of Croatia will prescribe.”
The following section of the method is anticipated to contain the Croatian authorities asserting a young for the submission of binding bids and setting out the variety of shares it’s keen to promote within the firm.
It beforehand famous it could supply a stake of as much as 70 per cent.
Aegean Airways participated within the earlier try and privatise Croatia Airways again in 2015.
The Greek airline entered right into a second spherical of talks with then privatisation advisors Worldwide Finance Company.
Nonetheless, a change in authorities in Croatia put an finish to a privatisation drive.
As an airline registered within the European Union, Aegean should purchase a majority stake in its fellow Star Alliance member.
The 2 carriers share an identical fleet construction, with each working Airbus A320-family jets and Sprint eight turboprops.
Aegean has been repeatedly worthwhile since 2013, recording a €67.9 million revenue final yr.