Greece plans to sell four Airbus A340-300 passenger jets in order to raise money. The jets belonged to former state carrier Olympic Airways which now belongs to a successful Greek businessman and has been renamed to Olympic Air.
Finance Ministry officials stated on Sunday 8 July that the Greek government needs money to eliminate the public debt and consequently is selling these aircraft which could fetch almost 40.4 million dollars.
New Greek Finance Minister Yannis Stournaras announced several privatizations in a bid to increase the state’s income without any further taxation to burden Greek citizens.
Troika officials visited Greece the previous week and had meetings with both the Greek Prime Minister and the Finance Minister. They asked the newly appointed government to observe the bailout terms agreed upon with the EU and the IMF.
(Source: Reuters)
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