ENGLEWOOD CLIFFS, N.J. -- Nick Athans, founder of Tourlite
International, closed on the purchase of the company he founded in
1970 as an operator to Greece, the eastern Mediterranean, the
Middle East and Latin America, from Far & Wide.
The sale, for $75,000, was approved by the U.S. Bankruptcy
Court, Southern District of Florida in Miami Oct. 24. Athans said
rebuilding the company to its former strength will cost nearly $1
million.
Athans said he is working toward a "rebirth" in December.
The company plans to rebuild the network it established for
travel to the eastern Mediterranean region as well as Latin
America, which it entered in 1980. Athans also would like to
re-enter the Israel and Egypt markets.
Under Athans as chairman will be Yannis Papaioannou, who served
as president with Far & Wide; Valerie Athans-Papaioannou as
executive vice president; and Maro Athans-Doundoulakis as vice
president of operations.
To contact reporter David Cogswell, send e-mail to [email protected].