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 […]
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 […]
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 […]
Deal expected to be finalised Thursday * Agreement to be settled at meeting with govt officials (Adds background, quotes) ATHENS, March 3 (Reuters) – Greece’s biggest buyout company Marfin Investent Group (MIG) (MRFr.AT) expects to close a deal to acquire the troubled Olympic Airlines from the Greek government this week, a senior MIG official said […]
ATHENS, Greece (AP) — A 24-hour strike by Greek civil servants disrupted services across the country Wednesday, forcing public hospitals to accept only emergency cases and airlines to cancel at least 68 flights. Hundreds of striking workers marched through central Athens chanting “Hands off our pensions!” Doctors, teachers, ambulance crews and tax office workers were […]
ATHENS, Jan 27 (Reuters) – Greece’s largest private airline Aegean Airlines (AGNr.AT) carried 6 million passengers in 2008, up 14 percent year-on-year thanks to a boom in its international business, the company said on Tuesday. Aegean, whose main competitor Olympic Airlines [OLY.UL] is being privatised, said passengers on domestic flights rose 9 percent, while international […]
DUBAI, Jan 11 (Reuters) – Qatar Airways has not bid for Greece’s state-owned Olympic Airlines, an executive said on Sunday, adding the Gulf Arab firm was also seeing some trouble obtaining financing for plane purchases in current conditions. “We have never been interested in taking any other airline or any other ventures,” Ali al-Rais told […]