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PRIVATE CARRIERS ABANDON BID FOR OLYMPIC AIRWAYS

ATHENS, GREECE, Cronus and Aegean Airlines withdrew their joint bid to buy a stake in the troubled national carrier, Olympic Airways. I was the latest setback in the government's efforts to sell up to 65 per cent in the debt-steapped olympic, a top priority for Socialist Premier Costas Simitis. This two private Greek carriers said olympic Airways' operating methods the carrier at a new Airport...

AVIONEWS - World Aeronautical Press Agency - 7523

AVIONEWS - World Aeronautical Press Agency
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