Neues über Orion Airways – erstes Flugzeug wird geliefert und weiteres

Please find as a pdf for download a letter to our shareholders from Mr Thanassis Kokkotas, CEO of Orion Airways and member of the board of directors in Aviation Capital Ventures PLC.

Orion Airways Newsletter Feb 21 new

Aviation Capital Ventures PLC acquires remaining 51% of Fly Orion Airways Ltd

The management of Aviation Capital Ventures is pleased to announce that it has reached an agreement with the founding partners of Fly Orion Airways Ltd to acquire the remaining 51% of the shares in Fly Orion Airways Ltd.

Fly Orion Airways Ltd is the operational company for Orion Airways, the new airline carrier that will operate its flights from Larnaca Airport on Cyprus having the aim at starting the first flights on the Larnaca – Athens by mid or end of March 2017. The aim is to have a second route, Larnaca – London,  introduced shortly thereafter.

The acquisition of the remaining 51% has been negotiated following the completion of the take over of the initial 49% from Aviation Ventures AG in the beginning of January 2017.

Through the consolidation of the Group and by eliminating the old ownership structure of the operational company Aviation Capital Ventures PLC is positioning itself to enable a future IPO of the Group.