World News

Greece’s Aegean Airlines makes non-binding bid for Croatia Airlines

ATHENS (Reuters) – Greece’s largest carrier Aegean Airlines <AGNr.AT> said on Friday it had expressed interest in the privatisation of Croatia Airlines <HRAR.ZA> and submitted a non-binding bid.

Aegean, a member of the Star Alliance group, said any decision on whether it would take part in the next phase of the state-owned Croatian carrier’s privatisation would be taken in the coming months.

Croatia plans to sell a 70% stake in Croatia Airlines, which widened its net loss to $7.25 million in the first nine months of 2019.

(Reporting by George Georgiopoulos; Editing by David Clarke)

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