Prime Minister Costas Karamanlis, referring to the signing of the Olympic Airways airline company’s transfer agreemeent to the Marfing Investment Group (MIG) group, said on Monday “the period of decline for Olympic Airways is finally closing and our homeland is passing into a new phase concerning air transport.” The prime minister added that the period […]
The agreement between the Greek State and MIG (Marfin Investment Group) on the privatization of Olympic Airlines is to be signed at Zappeio Mansion in the afternoon. O.A.’s three companies will be purchased by the Andreas Vgenopoulos for €177.2 million. MIG will purchase the company’s assets, Panthon’s share-ownership, OA’s technical maintenance and ground handling service. […]
ekathimerini Passengers planning to travel on domestic or international flights today will face disruptions as Olympic Airlines staff stage a 24-hour strike, protesting at the privatization of the ailing national carrier. At least 96 domestic flights are expected to be canceled and many others delayed. Passengers should telephone OA on 210.966.6666 for details about rescheduled […]
EPTOnline MIG Vice President Andreas Vgenopoulos has stated from Heraklion, Crete he is willing not to sell OA, but to transfer up to 49% to the state if asked. Mr Vgenopoulos presented a new liner connecting Piraeus with Heraklion in Heraklion, Crete Thursday. The ship belongs to Attica Group and will begin its trips as […]
Ana.gr Development Minister Kostis Hatzidakis announced on Wednesday that the Interministerial Privatisation Committee, that convened in the afternoon, approved contracts on the privatisation of the two out of the three companies related to Olympic Airlines, Flight Work and Technical Base, while speaking at the end of the session. The Committee decided officially that the contracts, […]
By Maria Petrakis March 7 (Bloomberg) — Marfin Investment Group SA, the investment firm backed by Dubai Financial LLC, has been chosen by Greece to buy its unprofitable flag carrier Olympic Airlines SA. Talks between Marfin and the Greek government’s advisers on a sale of the flight business and maintenance base “ended successfully,” Development Minister […]
International Herald Tribune ATHENS, Greece: Greece’s Aegean Airlines on Wednesday offered €170 million ($214 million) to buy debt-ridden state carrier Olympic Airlines. The offer came a month after the conservative government made a public appeal for investors to rescue Olympic, following a previous tender that failed to attract sufficiently high bids. State television said U.S.-based […]