Olympic Airlines to fly until October

27th Apr 2006

Olympic Airlines will continue to operate at least until September-October while the government was preparing the national carrier’s successor, Economy and Finance Minister George Alogoskoufis said on Wednesday.He added that a decision by the European Commission to refer Greece to the European Court of Justice over illegal state aid offered to OA was the result of very bad management in the past, reported the Athens News agency.

Speaking to reporters, Alogoskoufis said the EU executive’s decision wasexpected since “solutions” offered were not authorised by the EU.

Finance Deputy Minister Petros Doukas said it was clear that Olympic Airlines wouldcontinue flying until October and that the Greek government has prepared areply to the European Commission.

The Greek minister said there was very strong interest for Olympic Airlinesboth by groups and Arab countries.



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