AIR GREECE, one of the new batch of privately owned Greek start-up carriers, says that it came close to break-even over its first year of operations to September 1995.

The airline had sales of GDr2.1 billion ($9 million) over the year, carrying nearly 121,000 passengers on its scheduled services within the country and its single cross-border route to Belgrade, Yugoslavia.

Air Greece operates two ATR 72-200s, but there are plans to add a third in 1996, with a capital injection planned to help fund the acquisition.

The carrier will start a twice-weekly connection in November from its base in Heraklion, Crete, to the Greek capital Athens. A second international route from Thessaloniki to Bucharest is also to be flown four times a week in connection with a Romanian carrier, possibly Air Antares, which operates a fleet of Beech 1900D.

Source: Flight International