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Boosting passenger number, THY is isterested in Agean and Olympic Air

Boosting passenger number, THY is isterested in Agean and Olympic Air

The fastest-growing airline company in Europe, Turkish Airlines (THY) -- Turkey's flag carrier -- is planning to buy Aegean Airlines and Olympic Air of Greece. It is reported that THY wants to buy Olympic Air to grow in the region. THY plans to maintain Olympic Air’s name and logo at first and incorporate it later on. THY also wants to use Athens Airport and aims for scheduling flights from Athens to various destinations abroad. Meanwhile, the number of passengers Turkish Airlines carried between January and July 2013 increased 24 percent compared to the same term in 2012. According to figures released by THY, the number of passengers in international and domestic lines rose 26 and 22 percent respectively. The number of passengers THY carried, 21.6 million in the first seven months of 2012, reached 26.9 million in the same period in 2013. The occupancy rate also increased 2.4 percent and reached 78.7 percent during the same period.

Dunya.com

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