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Greece's Olympic Air buys 45% stake in MRO firm
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Greece's Olympic Air buys 45% stake in MRO firm
Olympic Air (OA, Athens) has acquired a 45% stake in APELLA, a Part 145 certified maintenance company. The current owner of the company, Nikos Kontogiannis, will remain CEO and retain 55%. APELLA currently operates a facility at Athens airport, but plans to develop a new facility on a privately owned plot of land near Volos airport. Aegean Airlines, Olympic Air's parent, said that the acquisition would create synergies with the carrier's existin…
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