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Olympic Airlines taken over by Marfin Group

Athens, Greece - With a total bid of 177.2 million Euros

The government confirmed early on Saturday that a deal has been struck to sell Olympic Airlines to the investment-holding company Marfin Investment Group (MIG) for a total of 177.2 million Euros. Development Minister, Costis Hatzidakis, announced that last-minute bids from Aegean Airlines and US-based Chrysler Aviation had been turned down. He added that the deal still has to be approved by the...

AVIONEWS - World Aeronautical Press Agency - 1100832
Rome, Italy, 03/09/2009 14:25
AVIONEWS - World Aeronautical Press Agency

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