Aegean announces Volotea investment
(Photo Aegean Airlines)
AEGEAN AIRLINES has announced a first round of investment in Volotea, with a view to obtaining a 21% stake in the Spanish low-cost carrier. The initial injection of €25m was made on September 3. This is a convertible loan, which Aegean can swap for a 13% stake in the airline.
The second round of investment could occur in the first half of 2025, subject to Volotea’s financial performance in 2024. This will see a further investment of €25m towards a €50m target.