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Olympic Air buys 45% of Athens Part‑145 MRO APELLA; founder stays CEO, Volos maintenance centre planned

Aegean Airlines' subsidiary Olympic Air has acquired a 45% stake in Athens‑based, Part‑145 certified MRO APELLA via purchase of existing shares and a capital increase. Founder and majority owner Nikos Kontogiannis retains 55% and will remain CEO; Olympic says a new maintenance centre is planned at Volos Airport.

Discovered 2026-02-02T05:23:43.577118-08:00 | 2026-02-02T05:23:43.577118-08:00

Briefing

What Hype is tracking

  • Olympic Air acquired a 45% stake in Athens‑based, Part‑145 certified APELLA; the deal involved purchase of existing shares plus a capital increase, while founder Nikos Kontogiannis retains 55% and remains CEO.

  • The company announced plans for a new maintenance centre at Volos Airport, signalling a geographic expansion of APELLA’s network and service footprint.

  • The transaction adds to a wave of carriers expanding MRO capacity and in‑house maintenance capability, including recent examples of airlines establishing in‑country MRO centres and investments such as S7 Group’s $37.3m MRO hangar project.

Reported By

aviation.direct aerotelegraph.com ch-aviation Aviation Week
Sources Tracked
5
First Seen
2026-02-02T05:23:43.577118-08:00
Latest Update
2026-02-04T02:14:38.379005-08:00
Coverage
Aviation

Sources

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