The Court of Justice confirmed that Greece has failed to comply with a Commission decision adopted in 2005 finding that it had granted illegal and incompatible aid to Olympic Airways Services and Olympic Airlines, and asking for such aid to be recovered. Vice-President Jacques Barrot, Commissioner in charge of transport, said in a statement: “I […]
Greece failed to comply with a European Commission decision that aid the government gave to Greek carrier Olympic Airlines was illegal and should be recovered, a top European Union court ruled on Thursday. “By not taking within the prescribed period all measures necessary to put an end to aid declared unlawful and incompatible with the […]
Aegean Airlines is set to launch new flights to Athens from London Stansted this summer. The new twice-daily flights take on May 15, with flights scheduled to depart from Stansted at 10.20am and 8pm and return journeys leaving Athens at 7.30am and 5.10pm (local time). Stansted will be the first UK base for Aegean, with […]
ATHENS, Feb 2 (Reuters) – Greece wants a foreign airline to invest in Olympic Airlines [OLY.UL] as part of its attempt to privatise the ailing carrier, Transport Minister Kostis Hatzidakis said in an interview published on Saturday. Greece has been trying for years to sell the airline, renamed from Olympic Airways, but repeated calls for […]
By THOMAS WAGNER LONDON (AP) — British Airways showed off its new terminal at Heathrow Airport on Tuesday, a light-flooded, gleaming white modern facility with some of the latest technology, a first-class lounge with a cinema and a five-story-high wall of windows offering a view of Windsor Castle. Terminal 5 has 112 stores and restaurants […]
A little history on the Olympic Airlines/European Commission conflict ATHENS, Jan 14 (IPS) – The European Commission (EC) announced a formal investigation Dec. 20 into complaints that the Greek state is illegally subsidising its national air carrier. This is the third time that the EC is taking up this case. The national carrier comprises two […]
By Joe Brancatelli International affairs will be incredibly important to business travel this year because the concept of “open skies” will liberalize many of the aviation treaties that limit which airlines can fly to which international destinations, and when they can. The biggest open-skies arrangement kicks in on March 28, when the United States and […]