ATHENS, Oct 14 (Reuters) – Greece’s largest carrier Aegean Airlines (AGNr.AT) stated on Thursday it has raised its stake in Romanian Animawings to 51% from 25%, strengthening its presence in the Romanian market.
The Greek firm stated its whole funding for the 51% stake amounted to 1.3 million euros ($2.06 million).
Aegean, a member of the Star Alliance airline group, acquired its current stake in Animawings, a member of tour operator Memento Christian Tour, in early 2020.
For 12 years Christian Tour, one of many largest tour operators in Romania, was a gradual buyer for Aegean, arranging chartered flights from Romania to Greece.
From the beginning of the brand new tourism season Animawings will function with three plane from Aegean’s fleet, serving mainly outgoing Romanian vacationers through chartered and common flights, Aegean Airlines stated.