Tuesday, 23 October 2012

Aegean Closes $94 Million Deal to Buy Olympic | Greece.GreekReporter.com Latest News from Greece

Aegean Closes $94 Million Deal to Buy Olympic | Greece.GreekReporter.com Latest News from Greece

"Aegean Airlines and Marfin Investment Group (MIG) have agreed on the sale of 100% of Olympic Air to its rival, which will give them almost complete dominance over domestic air travel, almost two years after the European Commission blocked a merger on anti-competition grounds, and this deal, reported to be some $94 million, will face the same challenge."

So still subject to EC approval.

When Olympic flew to London I always travelled to Greece with Olympic.  Since Aegean took over the Olympic slots at London, I have travelled with Aegean.  No problems with either company.  I like flying with a Greek airline as I feel as if I am in Greece on board!  And (say it quietly!) you may find that the fares are cheaper than Easyjet!

An article in EkathimeriniAegean Airlines and Olympic set joint flight paths

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