GEK Terna takes majority stake in Greek aircraft maintenance firm, reports name different targets

The announcement

GEK Terna said on 9 November that it had acquired a majority stake in GA Aviation Services, a Greek company offering maintenance, repair and technical support (MRO) for aircraft. The group framed the deal as the basis for a Greek MRO hub built to international standards, covering the full life cycle of helicopters and fixed-wing aircraft. Its statement says the purchase strengthens its presence in defence and strategic technologies. GEK Terna plans to expand GA Aviation's infrastructure, certifications and skilled workforce. It also aims to turn the unit into the central technical and operational arm of a wider domestic aviation ecosystem, with training services alongside ongoing maintenance.

Two names for the target

Reports published the same morning gave a different name for the company. NewsIT, citing information rather than a formal announcement, reported that GEK Terna had bought Greek Air, a Greek aircraft technical-support company. Its article described the move as the group's entry into aircraft and helicopter maintenance, repair and technical support. Neither text establishes whether Greek Air and GA Aviation Services are the same company, or whether one is a subsidiary of the other.

What the target offers

According to the announcement, GA Aviation Services has over four decades of experience maintaining helicopters and fixed-wing aircraft. Its Koropi site includes a 33,000 square metre helipad and a 1,200 square metre hangar, and a 1,700 square metre technical base sits at Pachi Megaron civil airport. The firm holds dual EASA Part-145 and CAMO certification and works as an authorised technical support centre for Leonardo Helicopters, Textron/Cessna, Diamond Aircraft, Cirrus and Airbus. NewsIT describes Greek Air's Koropi headquarters as ten minutes from Eleftherios Venizelos airport, on a 27,000 square metre site with a 1,200 square metre hangar and 1,400 square metres for engine workshops, offices, a training room and parts storage.

Links to defence and airport projects

GEK Terna linked the acquisition to recent cooperation with Airbus, Rheinmetall Land Systems and Shield AI. NewsIT adds that the group takes part in both building and concessioning the new international airport at Kasteli, Heraklion, which it calls one of the largest infrastructure projects under way in Greece. The article also connects the deal to growing European interest in developing domestic aircraft technical-support capacity. It presents the purchase as a step into both civil aviation and the defence industry.

Open questions

Only the GEK Terna statement is an official announcement, while NewsIT's version rests on information it received. Neither article gives a purchase price, the exact percentage held after closing or a timetable for completion. The announcement describes the target as a future hub but gives no staffing or revenue figures. Those details would show how much of the Greek MRO market the group would control.