Archive for December, 2007

Olympic Airlines’ future in question

Tuesday, December 4th, 2007

Greece’s transport minister has warned that national carrier Olympic Airlines faces a dim future as speculation increases that the airline will be closed within a few months. In a series of carefully worded statements late Friday and over the weekend, Costis Hadzidakis reaffirmed the government’s commitment to keep the airline aloft. But he also stressed […]

Ryanair lawsuit bad news for Olympic-Greece

Saturday, December 1st, 2007

Fri Nov 30, 2007 4:04 PM GMT ATHENS, Nov 30 (Reuters) – Ryanair’s (RYA.I: Quote, Profile , Research) lawsuit against the European Commission over its failure to make Olympic Airlines [OLY.UL] pay back state aid will discourage any investors interested in the airline, Greece said on Friday. Greece has been trying to privatise the airline, […]