Troubled Olympic Airlines to lease two planes
Greece’s ailing state carrier Olympic Airlines said yesterday it will lease two Boeing 737-400 planes ahead of the busy summer season to replace two other aircraft. “The agreement with (US-based firm Sundown Alexandria) foresees the leasing of two aircraft for 24 months for a monthly fee of $209,000 each,” Olympic said in a statement. It said it was also extending the dry lease (a lease without insurance, crew or maintenance) of another Boeing 737-400 for an additional four years. “The search for the lease of more aircraft is ongoing as we seek to better cover the needs of our summer schedule,” it said. (Reuters)