Press: EU investigates Olympic Airlines

The European Commission will open new investigations into whether Olympic Airlines is receiving illegal state aid, according to the Financial Times.


The Commission, which has accused the Greek government of funnelling about 600 million euros to the airline from 1994 to 2005, will now examine payments after that date. It suspects the government has waived debt interest, social security payments for staff and some fees at Athens airport, the newspaper said.

The Commission is also to probe a domestic court judgment under which the state was ordered to give Olympic 564 mln eur to pay for services rendered.

‘The sums seem to add up too neatly. We are going to launch two investigations,’ an official was quoted as telling the FT.

‘We are also concerned that some of the money may have been paid to Olympic already.’

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