Aegean promises to freeze domestic fares
Aegean Airlines, which on Wednesday submitted a bid for the purchase of Olympic Airways, on Friday announced that it will freeze ticket fares for domestic flights until 2010 if negotiations with the Greek government over OA’s acquisition lead to a deal.
In an announcement, Aegean Airlines reiterated that its primary motivation in submitting a proposal for the state-run carrier is to create a “national ‘champion” that will preserve the name Olympic and that will merge both companies’ strong points.
Referring to the ground services unit, for which Aegean has not submitted a bid, the announcement notes that “when such a necessity occurs, Aegean can, in a few days and in cooperation with Goldair, with which it has already begun negotiations, submit a proposal that will guarantee a reliable solution.”