MIG Aviation 3 Limited, a subsidiary of Marfin Investment Group Holdings S.A. of Greece, has signed a firm order for eight Q400 aircraft, including five Q400 NextGen airliners, and has taken options on an additional eight Q400 NextGen airliners. Based on the list prices for the Q400 and Q400 NextGen airliners, the value of the firm order contract is approximately $224 million and could increase to $468 million if the eight options are exercised.
The Q400 and Q400 NextGen aircraft will be operated by Pantheon Airways under the Olympic Air brand name. Pantheon Airways acquired certain assets of Olympic Airlines and Olympic Airways from the Government of Greece earlier this year.
