ECONOMY

MIG in talks to boost Olympic fleet

Marfin Investment Group (MIG) is negotiating the order of another eight Q400 NextGen high-speed turboprop aircraft from Canadian company Bombardier to add to the fleet of what will be carrier Olympic Air, having already ordered eight for $224 million, according to the airline’s CEO Antonis Simigdalas. MIG is also in talks for an unspecified number of planes, at a cost of $500 million euros. Olympic Air will use the 16 Bombardier aircraft to claim the state-funded routes to remote islands, the tender for which is ongoing. Simigdalas added that investment in the ground-handling subsidiary, Olympic Handling, is progressing and that MIG will spend $170 million and has hired 2,000 staff for it.