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EC rules illegal Olympic aid must be recovered

The European Commission ruled that Olympic Airlines and its predecessor Olympic Airways have received some €700 million ($859 million) in illegal state aid since 1994.

"By granting this aid, Greece has given Olympic Airways and Olympic Airlines an advantage not available to their competitors," the EC said in a statement, adding it "therefore asked Greece to recover the illegal aid payments." The government has two months to show the EC how it intends to comply with the ruling.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.