Aegean Airlines to Use More Funds in Moving Capital This Year

ATHENS — Aegean Airlines on Wednesday said it has partially changed the use of capital raised from a 200-million-euro bond loan with the aim of boosting its moving capital by the end of 2021.

More specifically, the Greek carrier said that following a decision of the assembly of bondholders in March 30, 2021, the company signed a contract amending the terms of the common bond loan, including a partial change of the use of capital raised.

The assembly decided that 14 pct of the capital raised from the bond loan would be used to cover the company's needs for moving capital instead of funding part of the construction of a training center and offices in the Athens International Airport.


ATHENS - The state coffers whacked by the cost of subsidizing losses in summer wildfires and floods - largely covered by European Union funding - Greece will also get some 55 billion euros ($57.

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