GEK TERNA acquires Greek Air and enters the aviation industry
Published
The GEK TERNA group announced the acquisition of the company Greek Air. With this move, the group enters the aircraft maintenance, repair and technical support market for the first time.
Greek Air operates in the aviation sector and provides technical support services. The acquisition shows that the Greek aviation industry is attracting large Greek business groups, which are looking for new growth areas.
The aircraft maintenance sector is of great importance for the country, as Greece is a popular tourist destination and air carrier traffic increases every year. Maintenance services are essential for flight safety and for the operation of airports.
Upon completion of the acquisition, GEK TERNA is expected to broaden its portfolio of activities. The details of the agreement, such as the financial consideration, are not yet fully known from the available information.
Sources: Παραπολιτικά
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