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Greece Sells Airbus Jets to Reduce State Debt

Greece on Friday said it had sold four disused Airbus A340 jets to Miami-based aircraft traders Apollo Aviation for 40.4 million dollars (31 million euros) under an ongoing asset push for quick cash.
A government statement said the sale had been approved by a five-ministry privatization committee and a finance ministry source specified the price.
“Apollo Aviation Group was the highest bidder,” the government said.
The four aircraft were previously part of Olympic Airlines, Greece’s former state carrier that was privatized in 2009.
The Greek state had been trying to sell the planes since November 2010.
(source: AFP)

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