FlyerTalk Forums - View Single Post - Aegean might be (partially) nationalised!
Old May 8, 2020, 12:57 pm
  #21  
flyertalker0039345
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Join Date: May 2020
Location: BEG
Posts: 57
Been following this sub-forum for a while now, you can definitely find some interesting opinions here. If you check Aegean's 2019 balance sheet, you'll see they are pretty OK with unrestricted cash. Not saying airline industry can't burn through enormous amounts of money in a short time, but Aegean will be fine. Of course, they'll try to present their situation worse than it is so they can get every possible tax cut they can. But I'm thinking their main goal is the EU-wide PSO tender that is scheduled for this year. With smaller Greek airlines most likely going under, Aegean will push for Greece to force the EU to cool down on competition demands in the domestic market and they'll rake in exuberant amounts of money for PSO routes. And then they'll definitely breeze through the crisis.
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