Olympic sell-off secures EU backing

The European Commission gave the go-ahead to a partial privatisation of Olympic Airways, September 2008, but also said that €850m of illegal state aid granted to the loss-making Greek airline during the past three years needed to be repaid.

ESO: Background information: Air transport: Commission takes note of today's Court judgment in the Olympic file http://www.europeansources.info/record/press-release-air-transport-commission-takes-note-of-todays-court-judgment-in-the-olympic-file/

ESO: Background information: New EU probe into Greek airline http://www.europeansources.info/record/new-eu-probe-into-greek-airline/

European Commission: Press Release: IP/08/1336: Olympic Airlines and Olympic Airways: two state aid decisions http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1336&format=HTML&aged=0&language=EN&guiLanguage=en

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