Aegean Airlines Breaks Silence on Volotea Takeover Reports

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Aegean Airlines has moved to clarify its position on Spanish low cost carrier Volotea, rejecting reports that it is seeking to take control of the airline.

Aegean holds more than 20 per cent of Volotea, placing Greece’s largest airline at the centre of speculation about the Spanish carrier’s future as it faces renewed financial pressure.

Volotea is reportedly navigating another restructuring as higher fuel costs, pandemic era debt and increased financing requirements put pressure on its business.

Reports in international media have raised the possibility of changes to Volotea’s shareholder structure, including speculation that Aegean could increase its stake.

Aegean has now firmly rejected suggestions that it is pursuing a takeover.

“Aegean has never proposed acquiring a majority stake in Volotea or taking control of its management,” the Greek airline said, according to Kathimerini.

The Greek carrier also stressed that Volotea is a privately owned company and that its management is responsible for providing information about its shareholder structure, operations and future plans.

The clarification comes as attention remains focused on the relationship between the two airlines and the potential direction of Volotea as it works through its latest financial challenges.

Aegean’s existing investment makes it a significant shareholder, but the company’s latest statement makes clear that it is not seeking a majority stake or management control of Volotea.

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