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Greece's Fast-Growing Aegean Air Prepares $5.5 Billion Jet Deal

  • Carrier aims to place Airbus or Boeing order in next few weeks
  • CEO Gerogiannis says at least 50 new narrow-body jets required
Airside Flight Operations At Frankfurt Airport Following $1.3 Billion Regional Greek Airport Privatization

Photographer: Martin Leissl/Bloomberg

Aegean Airlines, the former island-hopper that’s expanded to replace defunct Greek flag-carrier Olympic Air, plans to order at least 50 new single-aisle jetliners in the next three or four weeks.

Aegean, which has already doubled its fleet since 2013, will choose between the latest Airbus SE A320neo and Boeing Co. 737 Max narrow-body models, Chief Executive Officer Dimitrios Gerogiannis said in an interview Wednesday.