Olympic Airlines will appeal to the European Court of Justice to overturn the European Commission's recent ruling that the carrier must repay to the Greek government up to €700 million ($859 million) in illegal state aid, Transport Minister Mihalis Liapis confirmed. Liapis also said negotiations to sell Olympic are in a "delicate but ongoing phase." The EC's ruling last week against Olympic Airlines and its predecessor Olympic Airways (ATWOnline, Sept. 15) is viewed by some as a ...

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