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Olympic Airlines will have to render EUR 700m to EU
Athens, Greece - For illicit Community aids to the airline
The European Union asked the Greek Government the return of illicit aids that it gave to Olympic Airlines, the Hellenic flag airline, which is equal to EUR 700m. In order to grant the return, EU proposed to fine Athens with a daily sanction until the first EUR 160m tranche is not paid, as it was given from 1998 to 2002. The daily sanction amounts to EUR 10,512 and it could become 53,611 in case of...
AVIONEWS - World Aeronautical Press Agency - 67469
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency