ECONOMY

Athens sells four Airbus A340 airliners

Greece will get 31 million euros for four Airbus A340-300 aircraft that belonged to the formerly state-owned Olympic Airways and in the last couple of years have remained idle at Athens International Airport.

The Interministerial Committee on Privatization and Restructuring decided to sell the aircraft to the Apollo Aviation Group, at a price deemed particularly low by market experts. This was attributed to the old age of a number of the airplanes? parts that will require replacement, and to the general conditions in the industry.

That was the second tender for the four Airbus planes, after the first in 2010 failed.

The daily costs of those and other old OA aircraft at the Athens airport amount to some 15,000 euros.