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Olympic Airlines can keep state money says EU

Olympic Airlines SA won’t have to repay about 131.5 million euros ($168.4 million) to Greece after it partly won a court bid to overturn a European Commission decision forcing it to give back unlawf

EU clears sale of Olympic Airlines

The European Union said Tuesday it approved the sale of Greece's debt-ridden state carrier Olympic Airlines to the Marfin Investment Group.

Marfin Invest’s offer for Olympic Airlines accepted by Greece

Marfin Investment Group SA, the investment firm backed by Dubai Financial LLC, has been chosen by Greece to buy its unprofitable flag carrier Olympic Airlines SA.

Greece says tender for Olympic Airlines sale fails

ATHENS - A tender for the sale of Greece's ailing carrier Olympic Airlines failed and the government called on Greek businessmen on Wednesday to buy the carrier.

Athens Airways bids for Olympic Airlines

ATHENS - Newly-launched Athens Airways said it and U.S. based charter operator SkyOne submitted a joint bid for Greece's Olympic Airlines.

Qatar Airways has not bid for Olympic – exec VP

DUBAI - Qatar Airways has not bid for Greece's state-owned Olympic Airlines, an executive said on Sunday, adding the Gulf Arab firm was also seeing some trouble obtaining financing for plane purchases

Workers’ woes ground Olympic Airlines

ATHENS, Greece (eTN) - Workers at Greece's troubled Olympic Airlines staged a 24-hour strike Thursday to protest government plans to privatize the company forcing the cancellation of 96 international

Protesting Greek airline workers walk onto runway

ATHENS, Greece - Hundreds of protesting Olympic Airlines workers walked onto the main runway of Athens International Airport Tuesday to protest plans to sell the troubled state-owned airline.

European Commission approves plan to privatize Greek airline

ATHENS: The European Commission on Wednesday approved a Greek government proposal to shut down and sell Olympic Airlines, also ordering the debt-ridden state carrier to pay back €850 million in ille

EU court rules against Greece in airline case

BRUSSELS/ATHENS - Greece failed to comply with a European Commission decision that aid to Greek carrier Olympic Airlines was illegal and should be recovered, a top European Union court ruled on Thursday.

Greece wants foreign airline as Olympic investor

ATHENS, Feb 2 (Reuters) - Greece wants a foreign airline to invest in Olympic Airlines [OLY.UL] as part of its attempt to privatise the ailing carrier, Transport Minister Kostis Hatzidakis said in an interview published on Saturday.

New EU probe into Greek airline

(TVLW) - Olympic Airlines, the loss-making Greek carrier, faces a fresh blow today when the European Commission opens new investigations into whether it is receiving illegal state aid.