This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.
Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.
Already an AWIN subscriber? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.
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.