Aegean Airlines will seek to raise €150-200 million ($170-230 million) from the capital market to fund pre-delivery payments on the 30 Airbus A320neo-family jets it has ordered.

The Greek carrier disclosed on 25 February that its board had approved the issuance of common bonds through a public offer on the Athens stock exchange.

Once approved by the Hellenic Capital Market Commission, the transaction's implementation will depend on market conditions, says Aegean.

Funds raised will mainly be used for PDPs on the 20 A320neos and 10 A321neo jets Aegean ordered last year, the Star Alliance member confirms.

Aegean also intends to use some of the money for a new training centre.

Source: Cirium Dashboard